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Westfield Financial (NYSE:WFD) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Wednesday. The firm currently has a $8.50 price objective on the stock. Zacks‘s target price suggests a potential upside of 14.25% from the stock’s previous close.

Westfield Financial (NYSE:WFD) traded up 0.94% during mid-day trading on Wednesday, hitting $7.49. The stock had a trading volume of 41,276 shares. Westfield Financial has a 1-year low of $6.50 and a 1-year high of $8.00. The stock’s 50-day moving average is $7.16 and its 200-day moving average is $7.33. The company has a market cap of $140.9 million and a P/E ratio of 21.89.

Westfield Financial (NYSE:WFD) last released its earnings data on Wednesday, April 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. On average, analysts predict that Westfield Financial will post $0.38 earnings per share for the current fiscal year.

Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Westfield Financial from $7.75 to $8.00 in a research note on Wednesday, April 16th.

In other Westfield Financial news, Director Philip R. Smith bought 10,000 shares of Westfield Financial stock in a transaction that occurred on Friday, June 20th. The shares were purchased at an average cost of $7.23 per share, with a total value of $72,300.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

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

To view Zacks’ full report, visit Zacks’ official website.

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