westfield financial inc (WFD:NASDAQ GS)
westfield financial inc (WFD) Snapshot
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Open
$7.50
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Previous Close
$7.49
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Day High
$7.68
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Day Low
$7.43
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52 Week High
05/1/13 - $8.02
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52 Week Low
11/16/12 - $6.40
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Market Cap
166.8M
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Average Volume 10 Days
86.1K
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EPS TTM
$0.25
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Shares Outstanding
21.8M
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EX-Date
05/13/13
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P/E TM
30.6x
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Dividend
$0.24
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Dividend Yield
5.10%
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Related News
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No Related Businessweek News Foundwestfield financial inc (WFD) Details
Westfield Financial, Inc. operates as a bank holding company for the Westfield Bank that provides various community banking products and services to individuals and businesses in Massachusetts. The company offers various deposit accounts, including regular savings deposits comprising passbook and statement savings accounts; NOW accounts; noninterest-bearing demand accounts; money market accounts; time deposits; and certificates of deposit. Its loan portfolio primarily consists of commercial and industrial loans, such as business installment loans, vehicle and equipment financing, lines of credit, and other commercial loans; commercial real estate loans to finance the purchase of real property, and construction loans to developers of commercial and residential properties; residential real estate loans and originations; home equity loans; and consumer loans. The company also provides commercial products and services, which include commercial deposit accounts, cash management services, Internet banking, sweep accounts, ATM network, night deposit, and remote deposit services. As of March 6, 2013, it operated 11 full-service banking offices in Agawam, East Longmeadow, Feeding Hills, Holyoke, Southwick, Springfield, West Springfield, and Westfield, Massachusetts; and 1 Residential Loan Center in western Massachusetts. The company was founded in 1853 and is headquartered in Westfield, Massachusetts.
westfield financial inc (WFD) Top Compensated Officers
westfield financial inc (WFD) Key Developments
Westfield Financial Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net income of $1.8 million, or $0.08 per basic and diluted share compared to $2.3 million or $0.09 per basic and diluted share last year. Total interest and dividend income was $10,349,000 compared to $10,715,000 last year. Net interest and dividend income was $7,670,000 compared to $7,417,000 last year. Income before income taxes was $2,348,000 compared to $2,906,000 last year. Return on average assets was 0.56% compared to 0.74% last year. Return on average equity was 3.97% compared to 4.30% last year. Book value per share was $8.17 compared to $8.10 per share last year.
Westfield Financial Inc.'s Board of Directors approved the declaration of a regular cash dividend of $0.06 per share and a special cash dividend of $0.05 per share. Both dividends are payable on May 29, 2013, to all shareholders of record on May 15, 2013.
Westfield Financial Inc., Annual General Meeting, May 16, 2013., at 10:00 US Eastern Standard Time. Location: Sheraton Springfield Monarch Place Hotel. Agenda: To election of the three nominees named in the attached proxy statement as directors to serve on the board of directors for a term of office stated; to consider and approval of a non-binding advisory resolution on the compensation of named executive officers; 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, 2013; and to consider of any other business properly brought before the meeting, and any adjournment or postponement thereof.
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| WFD:US | $7.64 USD | +0.15 | |
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Industry Analysis
WFD
Industry Average
| Valuation | WFD | Industry Range |
| Price/Earnings | 30.8x |
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| Price/Sales | 4.5x |
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| Price/Book | 0.9x |
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| Price/Cash Flow | 28.7x |
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| TEV/Sales | NM | Not Meaningful |
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To contact WESTFIELD FINANCIAL INC, please visit www.westfieldbank.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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