Westfield Financial Inc. (NASDAQ:WFD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.
According to Zacks, “Westfield Financial, Inc. is the holding company for Westfield Bank. “
A number of other equities analysts have also weighed in on WFD. Keefe, Bruyette & Woods upped their target price on shares of Westfield Financial from $8.00 to $8.50 and gave the stock a “market perform” rating in a research note on Thursday, July 28th. Macquarie lowered shares of Westfield Financial from a “neutral” rating to an “underperform” rating in a research note on Wednesday, August 24th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $8.50.
Shares of Westfield Financial (NASDAQ:WFD) opened at 7.58 on Wednesday. The firm has a market capitalization of $131.41 million, a P/E ratio of 24.53 and a beta of 0.60. Westfield Financial has a 12 month low of $7.30 and a 12 month high of $8.85. The stock has a 50 day moving average price of $7.61 and a 200 day moving average price of $7.76.
Westfield Financial (NASDAQ:WFD) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the 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, analysts expect that Westfield Financial will post $0.30 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in WFD. Geode Capital Management LLC raised its position 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 during the last quarter. Bank of New York Mellon Corp boosted 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 valued at $701,000 after buying an additional 27,927 shares during the period. California State Teachers Retirement System acquired a new stake in shares of Westfield Financial during the second quarter valued at approximately $257,000. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Westfield Financial during the second quarter valued at approximately $335,000. Finally, Nationwide Fund Advisors boosted its stake in shares of Westfield Financial by 196.7% in the second quarter. Nationwide Fund Advisors now owns 13,640 shares of the company’s stock valued at $105,000 after buying an additional 9,042 shares during the period. 54.59% of the stock is owned by hedge funds and other institutional investors.
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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