Keefe, Bruyette & Woods reissued their hold rating on shares of Western New England Bancorp (NASDAQ:WNEB) in a research note published on Tuesday. Keefe, Bruyette & Woods currently has a $11.00 target price on the financial services provider’s stock.

Several other analysts also recently weighed in on WNEB. Zacks Investment Research downgraded shares of Western New England Bancorp from a buy rating to a hold rating in a research report on Wednesday, July 5th. ValuEngine raised 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 issued a $11.50 target price on shares of Western New England Bancorp in a research report on Friday, July 28th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Western New England Bancorp has a consensus rating of Hold and an average price target of $11.50.

Shares of Western New England Bancorp (NASDAQ WNEB) remained flat at $10.80 during midday trading on Tuesday. 7,713 shares of the company were exchanged. The firm’s 50-day moving average is $10.23 and its 200 day moving average is $10.23. Western New England Bancorp has a 12-month low of $7.45 and a 12-month high of $11.03. The stock has a market capitalization of $323.78 million, a P/E ratio of 24.94 and a beta of 0.42.

Western New England Bancorp (NASDAQ:WNEB) last announced its quarterly 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). The firm had revenue of $16.82 million for the quarter, compared to analyst estimates 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, equities research analysts predict that Western New England Bancorp will post $0.58 EPS for the current year.

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Hedge funds have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd acquired a new position in Western New England Bancorp during the 2nd 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 worth $118,000 after purchasing an additional 117 shares in the last quarter. Voya Investment Management LLC acquired a new position in shares of Western New England Bancorp during the second quarter valued at $119,000. American International Group Inc. increased its holdings in shares of Western New England Bancorp by 49.6% during the first quarter. American International Group Inc. now owns 13,691 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 4,540 shares during the period. Finally, Nationwide Fund Advisors increased its holdings in shares of Western New England Bancorp by 32.5% during the first quarter. Nationwide Fund Advisors now owns 18,068 shares of the financial services provider’s stock valued at $190,000 after purchasing an additional 4,428 shares during the period. Institutional investors 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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