Last $7.31 USD
Change Today +0.02 / 0.27%
Volume 10.2K
WFD On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

westfield financial inc (WFD) Snapshot

Open
$7.37
Previous Close
$7.29
Day High
$7.39
Day Low
$7.26
52 Week High
03/4/14 - $8.00
52 Week Low
04/30/14 - $6.85
Market Cap
137.4M
Average Volume 10 Days
58.4K
EPS TTM
$0.33
Shares Outstanding
18.8M
EX-Date
11/7/14
P/E TM
22.2x
Dividend
$0.12
Dividend Yield
2.87%
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.

163 Employees
Last Reported Date: 03/17/14
Founded in 1853

westfield financial inc (WFD) Top Compensated Officers

Chief Executive Officer, President, Chief Ope...
Total Annual Compensation: $372.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $187.3K
Executive Vice President and Executive Vice P...
Total Annual Compensation: $231.9K
Vice President, Director of Human Resources, ...
Total Annual Compensation: $187.3K
Chief Credit Officer, Vice President of Credi...
Total Annual Compensation: $160.8K
Compensation as of Fiscal Year 2013.

westfield financial inc (WFD) Key Developments

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.

Westfield Financial Inc. to Open Full-service Branch in Enfield, Connecticut

Westfield Financial Inc. announced that Middle Market and Commercial Real Estate Lending teams successfully completed their move to downtown Springfield, Massachusetts. The company plans to open a full-service branch in Enfield, Connecticut are moving forward with an expected opening date in mid-November. Springfield and Enfield expansion gives the company proximity to the I-91 corridor and will give it better access to the borrowers and centers of influence in the greater-Springfield area and northern Connecticut.

Westfield Financial Inc. Presents at FIG Partners 10th Annual Bank CEO Forum, Sep-15-2014

Westfield Financial Inc. Presents at FIG Partners 10th Annual Bank CEO Forum, Sep-15-2014 . Venue: Four Seasons, Atlanta, Georgia, United States.

 

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Industry Analysis

WFD

Industry Average

Valuation WFD Industry Range
Price/Earnings 21.5x
Price/Sales 3.5x
Price/Book 0.9x
Price/Cash Flow 21.8x
TEV/Sales NM Not Meaningful
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