Western New England Bancorp (WNEB) Upgraded to “Hold” at BidaskClub
Western New England Bancorp (NASDAQ:WNEB) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.
WNEB has been the subject of several 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 objective for the company. in a research report on Friday, November 3rd. Sandler O’Neill began coverage on shares of Western New England Bancorp in a research report on Tuesday. They issued a “buy” rating and a $13.00 price objective for the company. Zacks Investment Research lowered shares of Western New England Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Western New England Bancorp in a research report on Tuesday, October 3rd. Finally, Compass Point lowered shares of Western New England Bancorp from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 18th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $11.60.
Shares of Western New England Bancorp (WNEB) traded up $0.05 during trading on Thursday, hitting $10.95. 62,099 shares of the company traded hands, compared to its average volume of 75,895. The stock has a market cap of $332.38, a price-to-earnings ratio of 21.70 and a beta of 0.39. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.42. Western New England Bancorp has a 52-week low of $8.35 and a 52-week high of $11.10.
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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