Western New England Bancorp (NASDAQ:WNEB)‘s stock had its “hold” rating restated by stock analysts at Keefe, Bruyette & Woods in a research note issued to investors on Tuesday. They currently have a $11.00 price objective on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 1.85% from the stock’s current price.

A number of other research analysts have also recently commented on WNEB. Zacks Investment Research cut shares of Western New England Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. ValuEngine upgraded shares of 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 set a $11.50 price target on shares of Western New England Bancorp in a research report on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $11.50.

Shares of Western New England Bancorp (WNEB) traded down 0.46% during trading on Tuesday, reaching $10.80. 48,840 shares of the company’s stock were exchanged. Western New England Bancorp has a 12-month low of $7.45 and a 12-month high of $11.03. The company has a 50 day moving average of $10.23 and a 200 day moving average of $10.23. The stock has a market cap of $323.78 million, a P/E ratio of 24.94 and a beta of 0.42.

Western New England Bancorp (NASDAQ:WNEB) last issued its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The business had revenue of $16.82 million for 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%. Equities research analysts anticipate that Western New England Bancorp will post $0.58 EPS for the current year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of Western New England Bancorp during the second quarter worth $117,000. 1st Global Advisors Inc. grew its stake in shares of Western New England Bancorp by 1.0% in the second quarter. 1st Global Advisors Inc. now owns 11,655 shares of the financial services provider’s stock valued at $118,000 after buying an additional 117 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Western New England Bancorp by 8.0% in the second quarter. The Manufacturers Life Insurance Company now owns 25,189 shares of the financial services provider’s stock valued at $255,000 after buying an additional 1,873 shares in the last quarter. State Street Corp raised its holdings in shares of Western New England Bancorp by 11.0% in the 2nd quarter. State Street Corp now owns 501,790 shares of the financial services provider’s stock valued at $5,091,000 after buying an additional 49,883 shares during the period. Finally, Brandywine Global Investment Management LLC raised its holdings in shares of Western New England Bancorp by 2.3% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 90,731 shares of the financial services provider’s stock valued at $921,000 after buying an additional 2,074 shares during the period. Institutional investors and hedge funds own 56.02% of the company’s stock.

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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