California State Teachers Retirement System Takes Position in Westfield Financial Inc. (WFD)
California State Teachers Retirement System purchased a new position in Westfield Financial Inc. (NASDAQ:WFD) during the second quarter, Holdings Channel reports. The institutional investor purchased 33,369 shares of the company’s stock, valued at approximately $257,000. California State Teachers Retirement System owned 0.19% of Westfield Financial as of its most recent SEC filing.
Separately, Geode Capital Management LLC increased its stake in Westfield Financial by 2.1% in the first quarter. Geode Capital Management LLC now owns 133,185 shares of the company’s stock valued at $1,122,000 after buying an additional 2,679 shares during the period. Hedge funds and other institutional investors own 54.59% of the company’s stock.
Westfield Financial Inc. (NASDAQ:WFD) traded up 0.5202% on Wednesday, hitting $7.7099. 2,198 shares of the company traded hands. The firm’s 50 day moving average price is $7.62 and its 200 day moving average price is $7.66. Westfield Financial Inc. has a 1-year low of $7.30 and a 1-year high of $8.85. The firm has a market capitalization of $133.67 million, a PE ratio of 24.9511 and a beta of 0.48.
Westfield Financial (NASDAQ:WFD) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.07. Westfield Financial had a return on equity of 4.29% and a net margin of 11.18%. Equities research analysts predict that Westfield Financial Inc. will post $0.30 EPS for the current fiscal year.
WFD has been the topic of several analyst reports. Zacks Investment Research cut Westfield Financial from a “buy” rating to a “hold” rating in a research report on Thursday, June 23rd. Keefe, Bruyette & Woods upped their price target on Westfield Financial from $8.00 to $8.50 and gave the company a “market perform” rating in a research report on Thursday, July 28th. Finally, Macquarie cut Westfield Financial from a “neutral” rating to an “underperform” rating in a research report on Wednesday, August 24th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $8.50.
About Westfield Financial
Westfield Financial, Inc (Westfield Financial) serves as a holding company for Westfield Bank (the Bank). The Company operates through community banking segment. It focuses on residential real estate lending, as well as servicing commercial customers, including commercial and industrial lending and commercial deposit relationships.
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