BlackRock Inc. boosted its stake in shares of Westfield Financial, Inc. (NASDAQ:WNEB) by 1.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,280,537 shares of the financial services provider’s stock after buying an additional 37,255 shares during the period. BlackRock Inc. owned approximately 7.48% of Westfield Financial worth $24,857,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Royce & Associates LP raised its holdings in Westfield Financial by 31.5% during the 3rd quarter. Royce & Associates LP now owns 354,454 shares of the financial services provider’s stock worth $3,864,000 after buying an additional 85,000 shares during the period. Dimensional Fund Advisors LP raised its holdings in Westfield Financial by 3.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,994,548 shares of the financial services provider’s stock worth $21,741,000 after buying an additional 57,988 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Westfield Financial by 48.2% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 57,949 shares of the financial services provider’s stock worth $632,000 after buying an additional 18,849 shares during the period. Dalton Greiner Hartman Maher & Co. raised its holdings in Westfield Financial by 26.9% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 220,081 shares of the financial services provider’s stock worth $2,399,000 after buying an additional 46,708 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in Westfield Financial by 42.2% during the 3rd quarter. Wells Fargo & Company MN now owns 35,603 shares of the financial services provider’s stock worth $388,000 after buying an additional 10,557 shares during the period. Hedge funds and other institutional investors own 54.54% of the company’s stock.
A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Westfield Financial from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Sunday, January 21st. Piper Jaffray reiterated a “hold” rating and issued a $11.50 price objective on shares of Westfield Financial in a report on Tuesday, January 9th. BidaskClub downgraded shares of Westfield Financial from a “sell” rating to a “strong sell” rating in a report on Friday, January 26th. Finally, Sandler O’Neill set a $13.00 price objective on shares of Westfield Financial and gave the company a “buy” rating in a report on Monday, March 26th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $11.88.
In other news, SVP Cidalia Inacio sold 12,125 shares of Westfield Financial stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $10.69, for a total value of $129,616.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.35% of the stock is owned by company insiders.
NASDAQ WNEB opened at $10.70 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.00 and a current ratio of 1.00. Westfield Financial, Inc. has a 12-month low of $9.30 and a 12-month high of $11.25. The company has a market capitalization of $326.47, a PE ratio of 21.40 and a beta of 0.37.
Westfield Financial (NASDAQ:WNEB) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.01). Westfield Financial had a net margin of 14.93% and a return on equity of 6.00%. The business had revenue of $17.35 million during the quarter, compared to analyst estimates of $17.51 million. analysts predict that Westfield Financial, Inc. will post 0.56 EPS for the current fiscal year.
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About Westfield Financial
Western New England Bancorp, Inc operates as the holding company for Westfield Bank that provides community banking products and services to individuals and businesses. The company accepts various deposit accounts, including time deposits, money market accounts, savings accounts, demand accounts, and interest bearing checking accounts.
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