Wellesley Bancorp, Inc. (WEBK) Issues Quarterly Earnings Results
Wellesley Bancorp, Inc. (NASDAQ:WEBK) posted its quarterly earnings results on Thursday. The bank reported $0.48 EPS for the quarter, Bloomberg Earnings reports. The company had revenue of $6.32 million for the quarter. Wellesley Bancorp had a net margin of 11.82% and a return on equity of 5.87%.
Wellesley Bancorp (WEBK) remained flat at $27.00 on Friday. The stock had a trading volume of 4,221 shares. The firm has a market cap of $63.91 million and a PE ratio of 19.84. Wellesley Bancorp has a 52 week low of $22.60 and a 52 week high of $28.25. The company’s 50-day moving average is $26.83 and its 200 day moving average is $26.83.
In related news, Director Kathryn M. Hinderhofer bought 1,000 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were bought at an average price of $27.70 per share, with a total value of $27,700.00. Following the completion of the transaction, the director now directly owns 2,300 shares of the company’s stock, valued at approximately $63,710. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
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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