Keefe Bruyette & Woods Maintains Westfield Financial to Market Perform with Price Target $8.50

Brokerage firm Keefe Bruyette & Woods Maintains its rating on Westfield Financial(NASDAQ:WFD). In a research note issued to the investors, the brokerage major Raises the price-target to $8.50 per share. The shares have been rated Market Perform. The rating by Keefe Bruyette & Woods was issued on Jul 28, 2016.

Westfield Financial (WFD) shares turned negative on Thursdays trading session with the shares closing down -0.03 points or -0.40% at a volume of 44,050. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.65. The peak price level was also seen at $7.65 while the days lowest was $7.54. Finally the shares closed at $7.55. The 52-week high of the shares is $8.85 while the 52-week low is $7.3. According to the latest information available, the market cap of the company is $138 M.

Westfield Financial(WFD) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $8.00M. Analysts had an estimated revenue of $8.21M. Earnings per share were $0.06. Analysts had estimated an EPS of $0.09.

Several Insider Transactions has been reported to the SEC. On Jun 11, 2015, Allen J Iii Miles (EVP & Chief Lending Officer) sold 5,000 shares at $7.47 per share price.Also, On Jun 4, 2015, Gerald P Ciejka (Vice President) sold 5,700 shares at $7.28 per share price.On Jun 1, 2015, Louis O Iii Gorman (SVP – Credit Administration) sold 2,963 shares at $7.80 per share price, according to the Form-4 filing with the securities and exchange commission.

Westfield Financial Inc. (Westfield Financial) serves as a holding company for Westfield Bank (the Bank). The Company focuses on servicing commercial customers including commercial and industrial lending and commercial deposit relationships. The Company operates around 13 banking offices in Agawam Feeding Hills East Longmeadow Holyoke Southwick Springfield West Springfield and Westfield Massachusetts and Granby and Enfield Connecticut. It also has around 12 automated teller machine (ATM) locations in Holyoke Southwick Springfield West Springfield and Westfield Massachusetts. In addition the Company provides online banking services through its Website located at The Company formed Elm Street Securities Corporation and WFD Securities Inc. for holding qualified securities. It also formed WB Real Estate Holdings LLC for holding real property acquired as security for debts previously contracted by the Bank.

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