Western New England Bancorp (NASDAQ:WNEB) has earned an average rating of “Hold” from the six research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $11.50.

A number of equities research analysts have recently weighed in on WNEB shares. Zacks Investment Research upgraded Western New England Bancorp from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Thursday, May 4th. TheStreet upgraded Western New England Bancorp from a “c+” rating to a “b” rating in a research report on Wednesday, May 17th. Keefe, Bruyette & Woods reiterated a “neutral” rating on shares of Western New England Bancorp in a research report on Wednesday, April 26th. ValuEngine upgraded Western New England Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $11.50 target price on shares of Western New England Bancorp in a research report on Friday, July 28th.

In related news, insider William J. Wagner sold 162,363 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $10.21, for a total value of $1,657,726.23. Following the completion of the transaction, the insider now directly owns 341,900 shares of the company’s stock, valued at approximately $3,490,799. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of WNEB. Dynamic Technology Lab Private Ltd bought a new stake in shares of Western New England Bancorp during the second quarter valued at about $117,000. 1st Global Advisors Inc. bought a new stake in shares of Western New England Bancorp during the first quarter valued at about $121,000. Voya Investment Management LLC bought a new stake in shares of Western New England Bancorp during the second quarter valued at about $119,000. American International Group Inc. boosted its stake in shares of Western New England Bancorp by 49.6% in the first quarter. American International Group Inc. now owns 13,691 shares of the financial services provider’s stock valued at $144,000 after buying an additional 4,540 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its stake in shares of Western New England Bancorp by 32.5% in the first quarter. Nationwide Fund Advisors now owns 18,068 shares of the financial services provider’s stock valued at $190,000 after buying an additional 4,428 shares during the last quarter. 54.82% of the stock is owned by hedge funds and other institutional investors.

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Shares of Western New England Bancorp (NASDAQ WNEB) traded up 1.59% during trading on Friday, hitting $9.60. 40,297 shares of the stock traded hands. The firm has a market capitalization of $287.81 million, a price-to-earnings ratio of 22.17 and a beta of 0.40. Western New England Bancorp has a 1-year low of $7.41 and a 1-year high of $10.95. The firm has a 50-day moving average of $9.99 and a 200-day moving average of $10.15.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Monday, August 7th. Western New England Bancorp’s payout ratio is presently 30.00%.

Western New England Bancorp Company Profile

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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