Western New England Bancorp, Inc. (NASDAQ:WNEB) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Western New England Bancorp, Inc. (NASDAQ:WNEB) have been given an average recommendation of “Hold” by the three analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $7.50.

Separately, Piper Sandler reissued a “neutral” rating and issued a $7.50 target price (down previously from $9.00) on shares of Western New England Bancorp in a report on Wednesday, April 24th.

Institutional Investors Weigh In On Western New England Bancorp

Several large investors have recently bought and sold shares of WNEB. Barclays PLC increased its position in Western New England Bancorp by 13.8% in the third quarter. Barclays PLC now owns 40,838 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 4,948 shares during the last quarter. Hsbc Holdings PLC increased its position in Western New England Bancorp by 6.8% during the third quarter. Hsbc Holdings PLC now owns 28,836 shares of the financial services provider’s stock valued at $187,000 after acquiring an additional 1,838 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Western New England Bancorp by 4.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 79,658 shares of the financial services provider’s stock valued at $517,000 after acquiring an additional 3,353 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in Western New England Bancorp by 14.3% during the third quarter. O Shaughnessy Asset Management LLC now owns 53,376 shares of the financial services provider’s stock valued at $346,000 after acquiring an additional 6,671 shares during the last quarter. Finally, Essex Financial Services Inc. increased its position in Western New England Bancorp by 14.2% during the third quarter. Essex Financial Services Inc. now owns 15,513 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 1,929 shares during the last quarter. Institutional investors own 67.95% of the company’s stock.

Western New England Bancorp Price Performance

WNEB stock opened at $6.25 on Thursday. Western New England Bancorp has a one year low of $5.68 and a one year high of $9.25. The company’s fifty day moving average price is $6.57 and its 200-day moving average price is $7.67. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $135.19 million, a PE ratio of 10.42 and a beta of 0.68.

Western New England Bancorp (NASDAQ:WNEB) last released its earnings results on Tuesday, April 23rd. The financial services provider reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. Western New England Bancorp had a net margin of 11.10% and a return on equity of 5.43%. The firm had revenue of $18.02 million for the quarter, compared to the consensus estimate of $18.46 million. On average, equities analysts anticipate that Western New England Bancorp will post 0.49 EPS for the current fiscal year.

Western New England Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend was Tuesday, May 7th. Western New England Bancorp’s dividend payout ratio is presently 46.67%.

Western New England Bancorp Company Profile

Western New England Bancorp, Inc operates as the holding company for Westfield Bank that provides a range of commercial and retail banking products and services to individuals and businesses. The company accepts various deposit accounts, including interest-bearing and noninterest-bearing checking, commercial checking, business, nonprofit and municipal checking, savings, money market and sweep, individual retirement, and other savings accounts; time deposits; certificates of deposit; and interest on lawyer's trust accounts.