Seaport Global Reaffirms Their Buy Rating on Western New England Bancorp (WNEB)

In a report released today, Laurie Havener from Seaport Global reiterated a Buy rating on Western New England Bancorp (WNEB – Research Report), with a price target of $9.00. The company’s shares closed yesterday at $6.52.

According to TipRanks, Havener is a 4-star analyst with an average return of 5.2% and a 55.38% success rate. Havener covers the Financial sector, focusing on stocks such as Berkshire Hills, Washington Bancorp, and Brookline Bancorp.

Currently, the analyst consensus on Western New England Bancorp is a Moderate Buy with an average price target of $8.25.

WNEB market cap is currently $139.2M and has a P/E ratio of 9.25.

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Western New England Bancorp (WNEB) Company Description:

Western New England Bancorp, Inc. is a holding company, through its bank subsidiary provides financial services to individuals and companies. Its services include wealth management, savings, time deposits, commercial, residential and consumer lending. The company was founded in 1853 and is headquartered in Westfield, MA.