Western New England Bancorp (NASDAQ:WNEB) Stock Has Consensus Target Price of $15.50 According to Brokerages

Western New England Bancorp (NASDAQ:WNEB – Get Free Report) has earned a consensus recommendation of “Hold” from the four brokerages that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $15.50.

A number of research firms have recently weighed in on WNEB. Piper Sandler boosted their price target on Western New England Bancorp from $15.00 to $15.50 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Wall Street Zen raised Western New England Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Western New England Bancorp in a report on Friday, August 7th. Finally, Seaport Research Partners lowered Western New England Bancorp from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 29th.

View Our Latest Analysis on WNEB

Insider Buying and Selling at Western New England Bancorp

In related news, Director Philip Smith sold 3,300 shares of the company’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $13.88, for a total transaction of $45,804.00. Following the completion of the transaction, the director directly owned 5,800 shares in the company, valued at $80,504. This represents a 36.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 6.56% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WNEB. Sound Income Strategies LLC bought a new position in Western New England Bancorp in the 1st quarter worth $40,000. Odyssean LLC acquired a new position in shares of Western New England Bancorp in the second quarter valued at $177,000. Vise Technologies Inc. acquired a new stake in shares of Western New England Bancorp during the 2nd quarter valued at about $215,000. Deutsche Bank AG bought a new position in Western New England Bancorp during the second quarter worth about $239,000. Finally, Sei Investments Co. acquired a new stake in Western New England Bancorp in the 1st quarter valued at $265,000. Institutional investors own 67.95% of the company’s stock.

Western New England Bancorp Stock Up 0.6%

WNEB stock opened at $14.06 on Thursday. The company has a fifty day moving average price of $13.76 and a 200 day moving average price of $13.62. Western New England Bancorp has a 12 month low of $11.08 and a 12 month high of $15.01. The company has a market cap of $281.90 million, a price-to-earnings ratio of 13.75 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.92 and a quick ratio of 0.92.

Western New England Bancorp (NASDAQ:WNEB – Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. The business had revenue of $23.90 million for the quarter, compared to analyst estimates of $23.40 million. Western New England Bancorp had a net margin of 14.53% and a return on equity of 8.02%. Sell-side analysts expect that Western New England Bancorp will post 0.97 earnings per share for the current year.

Western New England Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Wednesday, November 11th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.28 dividend on an annualized basis and a yield of 2.0%. Western New England Bancorp’s dividend payout ratio is currently 28.00%.

Western New England Bancorp Company Profile

(Get Free Report)

Western New England Bancorp, Inc is the bank holding company for Westfield Bank, a community bank headquartered in Westfield, Massachusetts. The company provides banking and financial services to individuals, families, businesses, nonprofit organizations and municipalities.

Westfield Bank offers deposit products, residential and commercial real estate lending, commercial and industrial loans, consumer loans, home equity financing and other credit services. Its services also include online and mobile banking, cash management, electronic payments and wealth management solutions.

Founded in 1853, Westfield Bank has a long history of serving communities in western Massachusetts and northern Connecticut.

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