Westfield Financial Inc. (WFD) Upgraded by Zacks Investment Research to Hold
According to Zacks, “Westfield Financial, Inc. is the holding company for Westfield Bank. “
Several other equities analysts have also recently commented on WFD. Macquarie cut Westfield Financial from a neutral rating to an underperform rating in a research note on Wednesday, August 24th. Keefe, Bruyette & Woods increased their target price on Westfield Financial from $8.00 to $8.50 and gave the company a market perform rating in a research note on Thursday, July 28th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Westfield Financial has a consensus rating of Hold and a consensus target price of $8.50.
Shares of Westfield Financial (NASDAQ:WFD) traded down 1.32% during trading on Wednesday, hitting $7.49. 2,874 shares of the stock were exchanged. Westfield Financial has a 12-month low of $7.30 and a 12-month high of $8.85. The firm has a 50 day moving average of $7.61 and a 200-day moving average of $7.76. The company has a market cap of $129.85 million, a price-to-earnings ratio of 24.24 and a beta of 0.60.
Westfield Financial (NASDAQ:WFD) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.07. Westfield Financial had a return on equity of 4.29% and a net margin of 11.18%. On average, analysts forecast that Westfield Financial will post $0.30 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. bought a new position in Westfield Financial during the second quarter worth $148,000. Zacks Investment Management bought a new position in Westfield Financial during the second quarter worth $209,000. Bridgeway Capital Management Inc. raised its position in Westfield Financial by 12.4% in the second quarter. Bridgeway Capital Management Inc. now owns 245,150 shares of the company’s stock worth $1,888,000 after buying an additional 27,000 shares during the period. State Street Corp raised its position in Westfield Financial by 793.5% in the second quarter. State Street Corp now owns 137,071 shares of the company’s stock worth $1,056,000 after buying an additional 121,730 shares during the period. Finally, Rhumbline Advisers bought a new position in Westfield Financial during the second quarter worth $109,000. 54.59% of the stock is owned by institutional investors and hedge funds.
Westfield Financial Company Profile
Westfield Financial, Inc (Westfield Financial) serves as a holding company for Westfield Bank (the Bank). The Company operates through community banking segment. It focuses on residential real estate lending, as well as servicing commercial customers, including commercial and industrial lending and commercial deposit relationships.
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