Zacks Investment Research upgraded shares of Westfield Financial (NASDAQ:WNEB) from a sell rating to a hold rating in a research report report published on Friday morning.

According to Zacks, “Western New England Bancorp, Inc. provides banking services. The Company offers personal checking accounts, loans, eBanking services, commercial loans, money market accounts, wealth management, retirement planning and other related financial services. Western New England Bancorp, Inc., formerly known as Westfield Financial, Inc., is based in Westfield, MA. “

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Several other analysts also recently commented on WNEB. Piper Jaffray reiterated a hold rating and set a $11.50 target price on shares of Westfield Financial in a research note on Tuesday, January 9th. BidaskClub upgraded Westfield Financial from a hold rating to a buy rating in a research note on Friday, March 30th. Finally, Sandler O’Neill set a $13.00 target price on Westfield Financial and gave the company a buy rating in a research note on Monday, March 26th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Westfield Financial presently has a consensus rating of Hold and a consensus price target of $11.88.

Shares of WNEB opened at $10.85 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.67. Westfield Financial has a 12 month low of $9.30 and a 12 month high of $11.25. The firm has a market cap of $323.45, a price-to-earnings ratio of 21.70 and a beta of 0.37.

Westfield Financial (NASDAQ:WNEB) last issued its earnings results on Tuesday, January 30th. The financial services provider reported $0.12 EPS for the quarter, missing the 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 for the quarter, compared to analysts’ expectations of $17.51 million. equities research analysts expect that Westfield Financial will post 0.56 earnings per share for the current year.

In other news, SVP Cidalia Inacio sold 12,125 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $10.69, for a total transaction of $129,616.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.35% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in shares of 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 valued at $388,000 after buying an additional 10,557 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Westfield Financial by 7.1% during the 4th quarter. Bank of New York Mellon Corp now owns 184,152 shares of the financial services provider’s stock valued at $2,007,000 after buying an additional 12,137 shares during the period. MetLife Investment Advisors LLC bought a new position in shares of Westfield Financial during the 4th quarter valued at $146,000. SG Americas Securities LLC bought a new position in shares of Westfield Financial during the 3rd quarter valued at $186,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of 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 valued at $632,000 after buying an additional 18,849 shares during the period. 54.54% of the stock is currently owned by hedge funds and other institutional investors.

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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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