Western New England Bancorp (NASDAQ:WNEB) Receives $11.00 Average Target Price from Analysts

Core Viewpoint - Western New England Bancorp (NASDAQ: WNEB) has received a "Moderate Buy" rating from analysts, with an average target price of $11.00 for the next twelve months [2][3]. Analyst Ratings - Piper Sandler raised the price target from $10.00 to $11.00 and assigned a "neutral" rating [3]. - Weiss Ratings maintained a "hold (c+)" rating [3]. - Wall Street Zen upgraded the stock from "sell" to "hold" [3]. Financial Performance - The stock opened at $11.43, with a market cap of $234.20 million, a P/E ratio of 17.32, and a beta of 0.88 [4]. - The company reported earnings of $0.16 per share for the last quarter, missing the consensus estimate of $0.19 by $0.03 [5]. - Revenue for the quarter was $21.27 million, exceeding expectations of $17.99 million [5]. - The net margin was 10.33%, and return on equity was 5.62% [5]. Dividend Information - A quarterly dividend of $0.07 will be paid on November 26, with an annualized dividend of $0.28 and a yield of 2.4% [6]. - The current dividend payout ratio is 47.46% [6]. Insider Trading - SVP Darlene M. Libiszewski sold 3,600 shares at an average price of $12.39, totaling $44,604, representing an 18.33% decrease in her position [7]. Institutional Holdings - Hedge funds and institutional investors hold 67.95% of the stock [8]. - White Pine Capital LLC increased its position by 1.5%, owning 168,254 shares valued at $1.55 million [8]. - Janney Montgomery Scott LLC boosted its stake by 28.0%, now owning 14,180 shares valued at $132,000 [8].