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Last $7.47 USD
Change Today -0.10 / -1.32%
Volume 30.6K
WFD On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

westfield financial inc (WFD) Snapshot

Open
$7.44
Previous Close
$7.57
Day High
$7.67
Day Low
$7.41
52 Week High
04/8/15 - $8.02
52 Week Low
10/15/14 - $6.88
Market Cap
138.6M
Average Volume 10 Days
12.8K
EPS TTM
$0.32
Shares Outstanding
18.6M
EX-Date
05/11/15
P/E TM
23.3x
Dividend
$0.12
Dividend Yield
2.01%
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 deposit, 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 (ATM) network, and night deposit services, as well as invests in government-sponsored enterprise debt securities and municipal bonds. As of June 26, 2014, it operated a network of 12 full-service banking offices located in Agawam, East Longmeadow, Feeding Hills, Holyoke, Southwick, Springfield, West Springfield, and Westfield, Massachusetts; and Granby, Connecticut, as well as 1 Residential Loan Center in western Massachusetts. The company 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. 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.

Westfield Financial Inc., Annual General Meeting, May 14, 2015

Westfield Financial Inc., Annual General Meeting, May 14, 2015., at 10:00 US Eastern Standard Time. Location: Springfield Marriot. Agenda: To approve election directors; to consider and approval of a non-binding advisory resolution on the compensation of named executive officers; and to consider the ratification of the appointment of Wolf & Company, P.C. as independent registered public accounting firm for the fiscal year ending December 31, 2015.

Westfield Financial, Inc. Approves the Declaration of Cash Dividend for the Fourth Quarter Ended December 31, 2014, Payable on February 27, 2015

The board of directors of Westfield Financial Inc. approved the declaration of a quarterly cash dividend of $0.03 per share, for the fourth quarter ended December 31, 2014. The dividend is payable on February 27, 2015 to all shareholders of record on February 13, 2015.

 

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WFD:US $7.47 USD -0.10

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Industry Analysis

WFD

Industry Average

Valuation WFD Industry Range
Price/Earnings 22.9x
Price/Sales 3.8x
Price/Book 0.9x
Price/Cash Flow 23.7x
TEV/Sales NM Not Meaningful
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