The stock of Westfield Financial New (NASDAQ:WFD) registered an increase of 7.31% in short interest. WFD’s total short interest was 583,100 shares in September as published by FINRA. Its up 7.31% from 543,400 shares, reported previously. With 22,400 shares average volume, it will take short sellers 26 days to cover their WFD’s short positions. The short interest to Westfield Financial New’s float is 4.78%. The stock increased 0.26% or $0.02 during the last trading session, hitting $7.59. Westfield Financial, Inc. (NASDAQ:WFD) has declined 9.32% since February 25, 2016 and is downtrending. It has underperformed by 20.57% the S&P500.
Westfield Financial, Inc. serves as a holding firm for Westfield Bank (the Bank). The company has a market cap of $138.76 million. The Firm operates through community banking segment. It has a 24.55 P/E ratio. It focuses on residential real estate lending, as well as servicing commercial customers, including commercial and industrial lending and commercial deposit relationships.
Insitutional Activity: The institutional sentiment increased to 2 in Q2 2016. Its up 0.73, from 1.27 in 2016Q1. The ratio increased, as 6 funds sold all Westfield Financial, Inc. shares owned while 9 reduced positions. 13 funds bought stakes while 17 increased positions. They now own 9.77 million shares or 8.02% more from 9.05 million shares in 2016Q1.
Ejf Capital Llc holds 1.19% of its portfolio in Westfield Financial, Inc. for 1.64 million shares. Fsi Group Llc owns 79,713 shares or 0.38% of their US portfolio. Moreover, Prospector Partners Llc has 0.25% invested in the company for 190,300 shares. The Illinois-based Banc Funds Co Llc has invested 0.22% in the stock. Corbyn Investment Management Inc Md, a Maryland-based fund reported 63,112 shares.
Out of 3 analysts covering Westfield Fin (NASDAQ:WFD), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. $9.50 is the highest target while $8 is the lowest. The $8.75 average target is 15.28% above today’s ($7.59) stock price. Westfield Fin has been the topic of 4 analyst reports since November 2, 2015 according to StockzIntelligence Inc. Macquarie Research downgraded the stock on August 24 to “Underperform” rating.
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