Keefe, Bruyette & Woods reaffirmed their hold rating on shares of Western New England Bancorp (NASDAQ:WNEB) in a report released on Tuesday morning. They currently have a $11.00 price objective on the financial services provider’s stock.

Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Western New England Bancorp from a buy rating to a hold rating in a research note on Wednesday, July 5th. ValuEngine upgraded shares of Western New England Bancorp from a hold rating to a buy rating in a research note on Tuesday, July 25th. Finally, Piper Jaffray Companies restated a buy rating and set a $11.50 target price on shares of Western New England Bancorp in a research note on Friday, July 28th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Western New England Bancorp presently has an average rating of Hold and an average target price of $11.33.

Shares of Western New England Bancorp (WNEB) opened at 10.80 on Tuesday. The firm has a 50-day moving average of $10.29 and a 200 day moving average of $10.23. Western New England Bancorp has a 12 month low of $7.45 and a 12 month high of $11.03. The company has a market cap of $323.78 million, a price-to-earnings ratio of 24.94 and a beta of 0.42.

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 Thomson Reuters’ consensus estimate of $0.13 by ($0.01). The company had revenue of $16.82 million for the quarter, compared to the consensus estimate of $16.74 million. Western New England Bancorp had a net margin of 15.93% and a return on equity of 5.47%. On average, analysts expect that Western New England Bancorp will post $0.58 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd bought a new position in Western New England Bancorp during the 2nd quarter valued at about $117,000. 1st Global Advisors Inc. lifted its stake in shares of Western New England Bancorp by 1.0% in the 2nd quarter. 1st Global Advisors Inc. now owns 11,655 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 117 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Western New England Bancorp by 8.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,189 shares of the financial services provider’s stock worth $255,000 after purchasing an additional 1,873 shares during the period. State Street Corp lifted its stake 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 worth $5,091,000 after purchasing an additional 49,883 shares during the period. Finally, Brandywine Global Investment Management LLC lifted its stake 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 worth $921,000 after purchasing an additional 2,074 shares during the period. Institutional investors and hedge funds own 56.02% of the company’s stock.

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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