Wellesley Bancorp, Inc. (WEBK) CEO Sells $55,592.19 in Stock
Wellesley Bancorp, Inc. (NASDAQ:WEBK) CEO Thomas J. Fontaine sold 1,999 shares of Wellesley Bancorp stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $27.81, for a total transaction of $55,592.19. The transaction was disclosed in a filing with the SEC, which is available through this link.
Wellesley Bancorp, Inc. (NASDAQ:WEBK) traded up $0.10 during trading on Friday, hitting $27.90. 2,206 shares of the company’s stock traded hands, compared to its average volume of 1,919. Wellesley Bancorp, Inc. has a 1 year low of $23.70 and a 1 year high of $28.25. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.64.
Wellesley Bancorp (NASDAQ:WEBK) last posted its earnings results on Thursday, October 26th. The bank reported $0.48 EPS for the quarter. Wellesley Bancorp had a net margin of 12.81% and a return on equity of 6.51%. The firm had revenue of $6.32 million for the quarter.
Several institutional investors have recently bought and sold shares of WEBK. Seizert Capital Partners LLC increased its stake in shares of Wellesley Bancorp by 5.2% during the 2nd quarter. Seizert Capital Partners LLC now owns 10,547 shares of the bank’s stock worth $292,000 after purchasing an additional 518 shares during the last quarter. Siena Capital Partners GP LLC increased its stake in shares of Wellesley Bancorp by 906.6% during the 3rd quarter. Siena Capital Partners GP LLC now owns 25,466 shares of the bank’s stock worth $688,000 after purchasing an additional 22,936 shares during the last quarter. Finally, Banc Funds Co. LLC purchased a new stake in shares of Wellesley Bancorp during the 2nd quarter worth approximately $772,000. 7.89% of the stock is currently owned by hedge funds and other institutional investors.
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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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