Ameriprise Financial Inc. decreased its stake in Westfield Financial Inc. (NASDAQ:WFD) by 15.2% during the second quarter, Holdings Channel reports. The fund owned 582,953 shares of the company’s stock after selling 104,627 shares during the period. Ameriprise Financial Inc. owned 3.36% of Westfield Financial worth $4,489,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of Westfield Financial by 2.1% in the first quarter. Geode Capital Management LLC now owns 133,185 shares of the company’s stock worth $1,122,000 after buying an additional 2,679 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Westfield Financial by 44.3% in the second quarter. Bank of New York Mellon Corp now owns 91,005 shares of the company’s stock worth $701,000 after buying an additional 27,927 shares in the last quarter. California State Teachers Retirement System bought a new stake in shares of Westfield Financial during the second quarter worth $257,000. Finally, Thompson Siegel & Walmsley LLC bought a new stake in shares of Westfield Financial during the second quarter worth $335,000. 54.59% of the stock is owned by institutional investors.
Shares of Westfield Financial Inc. (NASDAQ:WFD) traded up 1.05% during trading on Monday, reaching $7.67. 325 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $7.61 and its 200-day moving average price is $7.68. Westfield Financial Inc. has a 52-week low of $7.30 and a 52-week high of $8.85. The stock has a market cap of $132.97 million, a PE ratio of 24.82 and a beta of 0.48.
Westfield Financial (NASDAQ:WFD) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.07. Westfield Financial had a net margin of 11.18% and a return on equity of 4.29%. On average, equities research analysts forecast that Westfield Financial Inc. will post $0.30 EPS for the current year.
A number of brokerages recently weighed in on WFD. Zacks Investment Research raised shares of Westfield Financial from a “sell” rating to a “hold” rating in a report on Wednesday, September 28th. Macquarie lowered shares of Westfield Financial from a “neutral” rating to an “underperform” rating in a report on Wednesday, August 24th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Westfield Financial from $8.00 to $8.50 and gave the company a “market perform” rating in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $8.50.
About Westfield Financial
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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