Seaport Research upgraded Western New England Bancorp (WNEB) to Buy from Neutral with an $11 price target The bank’s net interest margin is “poised to rise substantially” in the second half of 2025 as certificate of deposit repricing kicks in, with 40% of its CDs maturing in Q1, the analyst tells investors in a research note. The firm says Western New England remains a favorite core holding, trading below tangible book value, “with active buybacks, nice dividend yield, solid credit, and a low-costing deposit franchise.” Seaport believes the stock’s “depressed” multiple has room to expand.
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Read More on WNEB:
- Western New England Bancorp price target lowered to $9.50 from $10 at Piper Sandler
- Western New England upgraded to Buy from Neutral at Seaport Research
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