Insider Buying: Wellesley Bancorp, Inc. (WEBK) Director Purchases 1,000 Shares of Stock
Wellesley Bancorp, Inc. (NASDAQ:WEBK) Director Kathryn M. Hinderhofer purchased 1,000 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were purchased at an average price of $27.70 per share, with a total value of $27,700.00. Following the purchase, the director now directly owns 2,300 shares in the company, valued at approximately $63,710. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Wellesley Bancorp, Inc. (NASDAQ WEBK) traded down 0.37% on Tuesday, hitting $27.00. The stock had a trading volume of 16,127 shares. The company has a market capitalization of $63.83 million and a price-to-earnings ratio of 19.84. Wellesley Bancorp, Inc. has a 52 week low of $20.86 and a 52 week high of $28.25. The firm has a 50-day moving average of $27.08 and a 200 day moving average of $27.15.
Wellesley Bancorp (NASDAQ:WEBK) last issued its quarterly earnings data on Thursday, July 27th. The bank reported $0.38 EPS for the quarter. Wellesley Bancorp had a return on equity of 5.92% and a net margin of 11.82%. The company had revenue of $5.98 million during the quarter.
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About Wellesley Bancorp
Wellesley Bancorp, Inc is the holding company for Wellesley Bank (the Bank). The Bank operates as a community-oriented financial institution offering traditional financial services to consumers and businesses. It attracts deposits from the general public and uses those funds to originate residential mortgage loans, commercial real estate loans and construction loans, and, to a lesser extent, commercial business loans, home equity lines of credit and other consumer loans.
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