Western New England Bancorp (WNEB) – Investment Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Western New England Bancorp (NASDAQ: WNEB):

  • 6/13/2018 – Western New England Bancorp was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/6/2018 – Western New England Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Western New England Bancorp, Inc. provides banking services. The Company offers personal checking accounts, loans, eBanking services, commercial loans, money market accounts, wealth management, retirement planning and other related financial services. Western New England Bancorp, Inc., formerly known as Westfield Financial, Inc., is based in Westfield, MA. “
  • 6/1/2018 – Western New England Bancorp was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 5/29/2018 – Western New England Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Western New England Bancorp, Inc. provides banking services. The Company offers personal checking accounts, loans, eBanking services, commercial loans, money market accounts, wealth management, retirement planning and other related financial services. Western New England Bancorp, Inc., formerly known as Westfield Financial, Inc., is based in Westfield, MA. “
  • 5/14/2018 – Western New England Bancorp was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 4/28/2018 – Western New England Bancorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Western New England Bancorp, Inc. provides banking services. The Company offers personal checking accounts, loans, eBanking services, commercial loans, money market accounts, wealth management, retirement planning and other related financial services. Western New England Bancorp, Inc., formerly known as Westfield Financial, Inc., is based in Westfield, MA. “
  • 4/24/2018 – Western New England Bancorp was given a new $12.00 price target on by analysts at Sandler O’Neill. They now have a “buy” rating on the stock.

Shares of NASDAQ:WNEB traded down $0.10 during midday trading on Thursday, reaching $10.70. The company’s stock had a trading volume of 48,600 shares, compared to its average volume of 39,266. The company has a market cap of $324.87 million, a P/E ratio of 21.40 and a beta of 0.37. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. Western New England Bancorp Inc has a 1 year low of $9.30 and a 1 year high of $11.25.

Western New England Bancorp (NASDAQ:WNEB) last issued its earnings results on Tuesday, April 24th. The financial services provider reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.01). Western New England Bancorp had a net margin of 12.93% and a return on equity of 5.92%. The firm had revenue of $16.49 million during the quarter, compared to analyst estimates of $16.98 million. sell-side analysts expect that Western New England Bancorp Inc will post 0.56 earnings per share for the current fiscal year.



The company also recently announced a quarterly dividend, which was paid on Wednesday, May 23rd. Investors of record on Wednesday, May 9th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Tuesday, May 8th. Western New England Bancorp’s payout ratio is currently 32.00%.

A number of institutional investors have recently modified their holdings of WNEB. Schwab Charles Investment Management Inc. boosted its holdings in Western New England Bancorp by 48.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 57,949 shares of the financial services provider’s stock valued at $632,000 after acquiring an additional 18,849 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Western New England Bancorp by 33.3% during the fourth quarter. Wells Fargo & Company MN now owns 47,451 shares of the financial services provider’s stock worth $517,000 after purchasing an additional 11,848 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Western New England Bancorp by 7.1% during the fourth quarter. Bank of New York Mellon Corp now owns 184,152 shares of the financial services provider’s stock worth $2,007,000 after purchasing an additional 12,137 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Western New England Bancorp by 1.7% during the fourth quarter. BlackRock Inc. now owns 2,280,537 shares of the financial services provider’s stock worth $24,857,000 after purchasing an additional 37,255 shares in the last quarter. Finally, Royce & Associates LP lifted its stake in shares of Western New England Bancorp by 14.6% during the fourth quarter. Royce & Associates LP now owns 406,254 shares of the financial services provider’s stock worth $4,428,000 after purchasing an additional 51,800 shares in the last quarter. Hedge funds and other institutional investors own 54.91% of the company’s stock.

Western New England Bancorp, Inc operates as the holding company for Westfield Bank that provides community banking products and services to individuals and businesses. The company accepts various deposit accounts, including time deposits, money market accounts, savings accounts, demand accounts, and interest bearing checking accounts.

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