Insider Selling: Wellesley Bancorp Inc (WEBK) VP Sells 6,000 Shares of Stock
Wellesley Bancorp Inc (NASDAQ:WEBK) VP Eloise C. Thibault sold 6,000 shares of the stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $26.75, for a total transaction of $160,500.00. Following the sale, the vice president now directly owns 7,000 shares in the company, valued at approximately $187,250. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Wellesley Bancorp Inc (NASDAQ:WEBK) traded down $0.75 during trading hours on Thursday, reaching $28.00. 1,000 shares of the company’s stock were exchanged, compared to its average volume of 1,949. Wellesley Bancorp Inc has a 12-month low of $23.70 and a 12-month high of $28.75. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.11 and a current ratio of 1.11.
Wellesley Bancorp (NASDAQ:WEBK) last issued its quarterly earnings data 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.
A number of large investors have recently modified their holdings of WEBK. Seizert Capital Partners LLC grew its holdings in 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 acquiring an additional 518 shares during the last quarter. Siena Capital Partners GP LLC grew its holdings in 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 acquiring an additional 22,936 shares during the last quarter. Finally, Banc Funds Co. LLC bought a new stake in Wellesley Bancorp during the 2nd quarter worth about $772,000. 7.89% of the stock is currently owned by hedge funds and other institutional investors.
Wellesley Bancorp Company Profile
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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