Western New England Bancorp (NASDAQ:WNEB) has earned an average rating of “Hold” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $11.33.

A number of research firms have recently weighed in on WNEB. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $11.00 price objective on shares of Western New England Bancorp in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Western New England Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. ValuEngine upgraded shares of Western New England Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $11.50 price objective on shares of Western New England Bancorp in a research note on Friday, July 28th.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in Western New England Bancorp by 4.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,936,560 shares of the financial services provider’s stock valued at $19,656,000 after buying an additional 75,456 shares during the period. Renaissance Technologies LLC grew its position in Western New England Bancorp by 8.7% during the second quarter. Renaissance Technologies LLC now owns 1,374,409 shares of the financial services provider’s stock valued at $13,950,000 after buying an additional 109,500 shares during the period. Vanguard Group Inc. grew its position in Western New England Bancorp by 0.6% during the first quarter. Vanguard Group Inc. now owns 988,528 shares of the financial services provider’s stock valued at $10,379,000 after buying an additional 5,622 shares during the period. Mendon Capital Advisors Corp acquired a new stake in Western New England Bancorp during the first quarter valued at $7,555,000. Finally, Ameriprise Financial Inc. grew its position in Western New England Bancorp by 0.9% during the second quarter. Ameriprise Financial Inc. now owns 646,439 shares of the financial services provider’s stock valued at $6,560,000 after buying an additional 5,500 shares during the period. Institutional investors own 56.02% of the company’s stock.

Western New England Bancorp (NASDAQ:WNEB) traded down 0.45% during midday trading on Friday, reaching $10.95. 28,925 shares of the company’s stock were exchanged. The stock has a market capitalization of $340.22 million, a price-to-earnings ratio of 27.38 and a beta of 0.42. Western New England Bancorp has a 12-month low of $7.45 and a 12-month high of $11.10. The stock’s 50-day moving average is $10.41 and its 200-day moving average is $10.24.

Western New England Bancorp (NASDAQ:WNEB) last released its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.01). The business had revenue of $16.82 million during the quarter, compared to analyst estimates of $16.74 million. Western New England Bancorp had a return on equity of 5.47% and a net margin of 15.93%. On average, equities analysts forecast that Western New England Bancorp will post $0.58 earnings per share for the current year.

About Western New England Bancorp

Western New England Bancorp, Inc, formerly Westfield Financial, Inc, is a Massachusetts-chartered stock holding company. The Company serves as a holding company for Westfield Bank (the Bank). It is a provider of banking products and services to business organizations and individuals, including products such as residential and commercial loans, consumer loans and a variety of deposit products.

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