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Last $7.90 USD
Change Today +0.03 / 0.38%
Volume 85.4K
WFD On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

westfield financial inc (WFD) Snapshot

Open
$7.92
Previous Close
$7.87
Day High
$7.92
Day Low
$7.84
52 Week High
04/8/15 - $8.02
52 Week Low
04/30/14 - $6.85
Market Cap
148.2M
Average Volume 10 Days
23.9K
EPS TTM
$0.33
Shares Outstanding
18.8M
EX-Date
02/11/15
P/E TM
23.9x
Dividend
$0.12
Dividend Yield
2.28%
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 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.

Westfield Financial, Inc. Reports Consolidated Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Records Charge-Offs

Westfield Financial Inc. reported consolidated unaudited earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net income of $1.7 million, or $0.09 per diluted share for the quarter ended December 31, 2014, compared to $1.8 million, or $0.09 per diluted share, for the quarter ended December 31, 2013. Net interest and dividend income was $7.9 million for the quarter ended December 31, 2014 and $7.6 million for the quarter ended December 31, 2013. Income before income taxes was $2.184 million compared with $2.342 million for the same period last year. Return on average assets was 0.50% compared with 0.57% for the same period last year. Return on average equity was 4.57% compared with 4.61% for the same period last year. The company recorded $2.4 million of adjusted PTPP net income for the fourth quarter of 2014, an increase of 13.3% over $2.1 million for the fourth quarter of 2013. For the year ended December 31, 2014, net income was $6.2 million, or $0.34 per diluted share, compared to $6.8 million, or $0.34 per diluted share, for the same period in 2013. Net interest and dividend income increased $327,000 to $31.1 million for the year ended December 31, 2014 as compared to $30.7 million for the same period in 2013. Income before income taxes was $8.044 million compared with $8.627 million for the same period last year. Return on average assets was 0.48% compared with 0.53% for the same period last year. Return on average equity was 4.18% compared with 4.04% for the same period last year. For the year ended December 31, 2014, adjusted PTPP net income was $9.3 million, an increase of 15.5% over $8.1 million for the same period in 2013. The company recorded charge-offs of $35,000 compared with $5,000 for the same period last year.

Westfield Financial Inc. Declares Quarterly Cash Dividend, Payable on November 26, 2014; Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Charge-Offs for the Third Quarter of 2014

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 November 26, 2014 to all shareholders of record on November 12, 2014. The company announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total interest and dividend income of $10,343,000 compared to $10,348,000 a year ago. Income before income taxes was $2,001,000 against $2,057,000 reported last year. Net income was $1,510,000 or $0.08 per diluted share compared to $1,581,000 or $0.08 per diluted share a year ago. Return on average assets was 0.46% against 0.49% a year ago. Return on average equity was 4.12% against 3.96% reported last year. Net interest and dividend income was $7.8 million for both the quarters ended September 30, 2014 and September 30, 2013. For the nine months, the company reported total interest and dividend income of $30,519,000 compared to $30,942,000 a year ago. Income before income taxes was $5,861,000 against $6,285,000 reported last year. Net income was $4,501,000, or $0.25 per diluted share compared to $4,946,000 or $0.24 per diluted share a year ago. Return on average assets was 0.47% against 0.51% a year ago. Return on average equity was 4.05% against 3.86% reported last year. Book value per share as at Sep. 30, 2014 was $7.67 compared to $7.57 as at Sep. 30, 2013. Net interest and dividend income increased $56,000 to $23.2 million for the nine months ended September 30, 2014, as compared to $23.1 million for the same period in 2013. For the quarter, the company reported charge-offs of $1,076,000 compared to $116,000 a year ago.

 

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Industry Analysis

WFD

Industry Average

Valuation WFD Industry Range
Price/Earnings 23.3x
Price/Sales 4.1x
Price/Book 1.0x
Price/Cash Flow 24.0x
TEV/Sales NM Not Meaningful
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