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Westfield Financial (NYSE:WFD) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Wednesday, American Banking News.com reports. The firm currently has a $8.50 price target on the stock. Zacks‘ price objective indicates a potential upside of 16.12% from the stock’s previous close.

Shares of Westfield Financial (NYSE:WFD) traded down 1.09% during mid-day trading on Wednesday, hitting $7.24. The stock had a trading volume of 11,296 shares. Westfield Financial has a 52-week low of $6.50 and a 52-week high of $8.07. The stock’s 50-day moving average is $7.36 and its 200-day moving average is $7.17.

Westfield Financial (NYSE:WFD) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.02. During the same quarter in the prior year, the company posted $0.07 earnings per share. On average, analysts predict that Westfield Financial will post $0.33 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, February 20th. Investors of record on Thursday, February 6th will be paid a dividend of 0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Tuesday, February 4th.

Westfield Financial, Inc (NYSE:WFD) serves as a holding company for Westfield Bank (the Bank).

To view Zacks’ full report, visit www.zacks.com

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