Western New England Bancorp (NASDAQ:WNEB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday, Zacks.com reports.

According to Zacks, “Western New England Bancorp, Inc. provides banking services. The Company offers personal checking accounts, loans, eBanking services, commercial loans, money market accounts, wealth management, retirement planning and other related financial services. Western New England Bancorp, Inc., formerly known as Westfield Financial, Inc., is based in Westfield, MA. “

A number of other equities analysts also recently commented on the stock. Compass Point raised shares of Western New England Bancorp from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $10.00 to $10.50 in a research note on Wednesday, January 30th. ValuEngine raised shares of Western New England Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, BidaskClub downgraded shares of Western New England Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, February 23rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $10.75.

WNEB traded up $0.01 on Wednesday, reaching $9.38. 95 shares of the company’s stock were exchanged, compared to its average volume of 58,331. The firm has a market capitalization of $252.55 million, a PE ratio of 16.75 and a beta of 0.18. Western New England Bancorp has a twelve month low of $8.50 and a twelve month high of $11.25. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.86.

Western New England Bancorp (NASDAQ:WNEB) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. Western New England Bancorp had a net margin of 18.14% and a return on equity of 6.81%. The company had revenue of $16.50 million for the quarter, compared to the consensus estimate of $17.01 million. As a group, analysts predict that Western New England Bancorp will post 0.52 earnings per share for the current fiscal year.

In other news, SVP William J. Wagner sold 57,372 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $9.90, for a total value of $567,982.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Guida R. Sajdak sold 5,054 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $10.00, for a total transaction of $50,540.00. The disclosure for this sale can be found here. Insiders sold a total of 67,422 shares of company stock worth $668,059 over the last three months. Insiders own 5.22% of the company’s stock.

Several hedge funds have recently made changes to their positions in WNEB. BNP Paribas Arbitrage SA grew its holdings in shares of Western New England Bancorp by 525.1% in the first quarter. BNP Paribas Arbitrage SA now owns 5,407 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 4,542 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in shares of Western New England Bancorp by 346.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,660 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 7,494 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Western New England Bancorp in the first quarter valued at approximately $112,000. Essex Financial Services Inc. acquired a new position in shares of Western New England Bancorp in the fourth quarter valued at approximately $152,000. Finally, MetLife Investment Advisors LLC grew its holdings in shares of Western New England Bancorp by 55.9% in the third quarter. MetLife Investment Advisors LLC now owns 20,891 shares of the financial services provider’s stock valued at $226,000 after purchasing an additional 7,494 shares in the last quarter. Hedge funds and other institutional investors own 58.31% of the company’s stock.

About Western New England Bancorp

Western New England Bancorp, Inc operates as the holding company for Westfield Bank that provides commercial and retail banking products and services to individuals and businesses. The company accepts various deposit accounts, including checking, savings, business and municipal savings, money market and business sweep, and individual retirement accounts; time deposits; term certificates of deposit; and interest on lawyers trust accounts.

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