Stock analysts at Sandler O’Neill initiated coverage on shares of Western New England Bancorp (NASDAQ:WNEB) in a research report issued to clients and investors on Tuesday, The Fly reports. The brokerage set a “buy” rating on the financial services provider’s stock.

WNEB has been the topic of a number of other reports. Piper Jaffray Companies lowered shares of Western New England Bancorp from an “overweight” rating to a “neutral” rating and set a $10.50 price target on the stock. in a research report on Friday, November 3rd. Zacks Investment Research downgraded shares of Western New England Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $11.00 target price on shares of Western New England Bancorp in a research note on Tuesday, October 3rd. Finally, Compass Point downgraded shares of Western New England Bancorp from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 18th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Western New England Bancorp presently has an average rating of “Hold” and an average price target of $11.25.

Western New England Bancorp (NASDAQ WNEB) opened at $10.70 on Tuesday. The firm has a market cap of $326.25, a PE ratio of 21.30 and a beta of 0.39. Western New England Bancorp has a 52-week low of $8.35 and a 52-week high of $11.10. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.96 and a current ratio of 0.96.

A number of hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. purchased a new stake in shares of Western New England Bancorp in the 2nd quarter valued at approximately $636,000. Federated Investors Inc. PA raised its stake in shares of Western New England Bancorp by 161.7% in the 2nd quarter. Federated Investors Inc. PA now owns 122,537 shares of the financial services provider’s stock valued at $1,244,000 after acquiring an additional 75,718 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Western New England Bancorp by 9.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 176,064 shares of the financial services provider’s stock valued at $1,787,000 after acquiring an additional 14,845 shares during the period. Rhumbline Advisers raised its stake in shares of Western New England Bancorp by 46.0% in the 2nd quarter. Rhumbline Advisers now owns 36,620 shares of the financial services provider’s stock valued at $372,000 after acquiring an additional 11,545 shares during the period. Finally, Teachers Advisors LLC raised its stake in shares of Western New England Bancorp by 38.6% in the 2nd quarter. Teachers Advisors LLC now owns 48,650 shares of the financial services provider’s stock valued at $494,000 after acquiring an additional 13,551 shares during the period. 56.72% of the stock is currently owned by institutional investors.

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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.

The Fly

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