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Last $7.48 USD
Change Today -0.01 / -0.13%
Volume 4.6K
WFD On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

westfield financial inc (WFD) Snapshot

Open
$7.34
Previous Close
$7.49
Day High
$7.55
Day Low
$7.34
52 Week High
04/8/15 - $8.02
52 Week Low
10/15/14 - $6.88
Market Cap
138.3M
Average Volume 10 Days
18.6K
EPS TTM
$0.35
Shares Outstanding
18.5M
EX-Date
08/10/15
P/E TM
21.5x
Dividend
$0.12
Dividend Yield
1.60%
Current Stock Chart for WESTFIELD FINANCIAL INC (WFD)

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westfield financial inc (WFD) Details

Westfield Financial, Inc. operates as the holding company for the Westfield Bank that provides community banking products and services to individuals and businesses. The company accepts various deposit accounts, including passbook and statement savings accounts, interest-bearing and noninterest-bearing demand accounts, money market accounts, time deposits, certificates of deposits, and repurchase agreements. It also offers commercial and industrial loans comprising business installment loans, vehicle and equipment financing, lines of credit, and other commercial loans; commercial real estate loans to finance the purchase of apartment buildings, business properties, and multi-family investment properties; construction loans to the developers of commercial and residential properties; residential real estate loans and originations; home equity loans; and consumer loans. In addition, the company offers commercial products and services consisting of commercial deposit accounts, cash management services, Internet banking, sweep accounts, automated teller machine network, and night deposit services; and invest in government-sponsored enterprise debt securities and municipal bonds. It operates a network of 13 banking offices located in Agawam, Feeding Hills, East Longmeadow, Holyoke, Southwick, Springfield, West Springfield, and Westfield, Massachusetts, as well as in Granby and Enfield, Connecticut. Westfield Financial, Inc. was founded in 1853 and is headquartered in Westfield, Massachusetts.

164 Employees
Last Reported Date: 03/13/15
Founded in 1853

westfield financial inc (WFD) Top Compensated Officers

Chief Executive Officer, President, Chief Ope...
Total Annual Compensation: $409.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $205.8K
Chief Lending Officer, Executive Vice Preside...
Total Annual Compensation: $264.0K
Senior Vice President, Director of Human Reso...
Total Annual Compensation: $205.8K
Chief Credit Officer, Senior Vice President o...
Total Annual Compensation: $176.7K
Compensation as of Fiscal Year 2014.

westfield financial inc (WFD) Key Developments

Westfield Financial Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Charge-Offs for the Quarter

Westfield Financial Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net income of $1.4 million, or $0.08 per diluted share, for the quarter ended June 30, 2015, compared to $1.3 million, or $0.07 per diluted share, for the quarter ended June 30, 2014. Net interest and dividend income increased $78,000 to $7.8 million for the quarter ended June 30, 2015 compared to $7.7 million for the comparable 2014 period. On a sequential-quarter basis, net interest and dividend income increased $189,000 for the quarter ended June 30, 2015, compared to the quarter ended March 31, 2015. The net interest margin for the quarter ended June 30, 2015 decreased 11 basis point to 2.50%, as compared to 2.61% for the second quarter of 2014. On a sequential-quarter basis, the net interest margin decreased 2 basis points for the quarter ended June 30, 2015 compared to the quarter ended March 31, 2015. Income before income taxes was $1,809,000 compared to $1,759,000 a year ago. Return on average assets was 0.41% compared to 0.46% a year ago. Return on average equity was 3.89% compared to 4.12% a year ago. For the six months, the company reported net income of $2.7 million, or $0.15 per diluted share, compared to $3.0 million, or $0.16 per diluted share, for the same period in 2014. Net interest and dividend income was $15.4 million for both the six months ended June 30, 2015 and 2014. The net interest margin for the six months ended June 30, 2015 decreased 11 basis points to 2.51%, as compared to 2.62% for the same period in 2014. This was a result of a decrease of 7 basis points in the yield on average interest-earning assets along with a 5 basis point increase in the cost of average interest-bearing liabilities. Income before income taxes was $3,617,000 compared to $3,858,000 a year ago. Return on average assets was 0.41% compared to 0.47% a year ago. Return on average equity was 3.86% compared to 4.01% a year ago. Book value per share was $7.56 compared to $7.67 a year ago. For the quarter, the company recorded charge-offs of $101,000 compared with $13,000 for the same period last year.

Westfield Financial, Inc. Declares Quarterly Cash Dividend, Payable on August 26, 2015

The Board of Directors of Westfield Financial Inc. approved the declaration of a quarterly cash dividend of $0.03 per share. The dividend is payable on August 26, 2015 to all shareholders of record on August 12, 2015.

Westfield Financial, Inc. Approves Declaration of Quarterly Cash Dividend, Payable on May 27, 2015; Reports Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Announces Charge-Offs

Westfield Financial Inc.'s board of directors approved the declaration of a quarterly cash dividend of $0.03 per share. The dividend is payable on May 27, 2015 to all shareholders of record on May 13, 2015. The company reported consolidated unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income of $1.3 million, or $0.08 per basic and diluted share compared to $1.6 million or $0.09 per basic and diluted share for the same period a year ago. Net interest and dividend income decreased $65,000 to $7.6 million for the quarter ended March 31, 2015 compared to $7.7 million for the comparable 2014 period. During the first quarter, harsh winter weather slowed economic activity, and therefore loan demand, particularly commercial construction projects. Net interest and dividend income after provision for loan losses was $7.3 million compared to $7.6 million a year ago. Income before income taxes was $1.8 million compared to $2.1 million a year ago. Return on average assets was 0.41% compared to 0.52% a year ago. Return on average equity was 3.82% compared to 4.38% a year ago. Book value per share was $7.56 as on March 31, 2015. The company announced charge-offs of $0.25 million for the first quarter ended March 31, 2015.

 

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Industry Analysis

WFD

Industry Average

Valuation WFD Industry Range
Price/Earnings 22.5x
Price/Sales 3.7x
Price/Book 0.9x
Price/Cash Flow 23.6x
TEV/Sales NM Not Meaningful
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