Westfield Financial (WFD) is Downgraded by Macquarie to Underperform

Westfield Financial (WFD) was Downgraded by Macquarie to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Macquarie advised their investors in a research report released on Aug 24, 2016.

Westfield Financial closed down -0.03 points or -0.39% at $7.6 with 16,904 shares getting traded on Tuesday. Post opening the session at $7.63, the shares hit an intraday low of $7.59 and an intraday high of $7.72 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Jun 11, 2015, Allen J Iii Miles (EVP & Chief Lending Officer) sold 5,000 shares at $7.47 per share price. According to the SEC, on Jun 4, 2015, Gerald P Ciejka (Vice President) sold 5,700 shares at $7.28 per share price. On Jun 1, 2015, Louis O Iii Gorman (SVP – Credit Administration) sold 2,963 shares at $7.80 per share price, according to the Form-4 filing with the securities and exchange commission.

Westfield Financial Inc. (Westfield Financial) serves as a holding company for Westfield Bank (the Bank). The Company focuses on servicing commercial customers including commercial and industrial lending and commercial deposit relationships. The Company operates around 13 banking offices in Agawam Feeding Hills East Longmeadow Holyoke Southwick Springfield West Springfield and Westfield Massachusetts and Granby and Enfield Connecticut. It also has around 12 automated teller machine (ATM) locations in Holyoke Southwick Springfield West Springfield and Westfield Massachusetts. In addition the Company provides online banking services through its Website located at www.westfieldbank.com. The Company formed Elm Street Securities Corporation and WFD Securities Inc. for holding qualified securities. It also formed WB Real Estate Holdings LLC for holding real property acquired as security for debts previously contracted by the Bank.

Westfield Financial

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