Western New England Bancorp (WNEB) Given Coverage Optimism Score of 0.11

News articles about Western New England Bancorp (NASDAQ:WNEB) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Western New England Bancorp earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.751776225845 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Western New England Bancorp (NASDAQ:WNEB) remained flat at $$10.30 during trading hours on Friday. The stock had a trading volume of 488,695 shares, compared to its average volume of 104,531. The stock has a market capitalization of $315.53, a price-to-earnings ratio of 20.60 and a beta of 0.39. Western New England Bancorp has a 52-week low of $8.17 and a 52-week high of $11.10. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.96 and a quick ratio of 0.96.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Sunday, October 8th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Thursday, October 5th. Western New England Bancorp’s payout ratio is currently 24.49%.

A number of brokerages have recently commented on WNEB. Zacks Investment Research lowered Western New England Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Piper Jaffray Companies lowered Western New England Bancorp from an “overweight” rating to a “neutral” rating and set a $10.50 price target on the stock. in a report on Friday, November 3rd. ValuEngine lowered Western New England Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Compass Point lowered Western New England Bancorp from a “buy” rating to a “neutral” rating in a report on Wednesday, October 18th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $11.00 price target on shares of Western New England Bancorp in a report on Tuesday, October 3rd. Five equities research analysts have rated the stock with a hold rating, Western New England Bancorp presently has an average rating of “Hold” and an average price target of $11.25.

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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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