Wellesley Bancorp (WEBK) Set to Announce Quarterly Earnings on Wednesday

Wellesley Bancorp (NASDAQ:WEBK) is scheduled to be announcing its earnings results on Wednesday, January 24th.

Wellesley Bancorp (NASDAQ:WEBK) last announced its quarterly earnings results on Thursday, October 26th. The bank reported $0.48 EPS for the quarter. The business had revenue of $6.32 million for the quarter. Wellesley Bancorp had a return on equity of 6.51% and a net margin of 12.81%.

Shares of Wellesley Bancorp (NASDAQ:WEBK) opened at $29.30 on Wednesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $73.22, a price-to-earnings ratio of 19.28 and a beta of 0.21. Wellesley Bancorp has a one year low of $23.70 and a one year high of $29.95.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.68%. The ex-dividend date was Tuesday, December 5th. Wellesley Bancorp’s dividend payout ratio is 13.16%.

In other Wellesley Bancorp news, VP Eloise C. Thibault sold 6,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $26.75, for a total value of $160,500.00. Following the transaction, the vice president now owns 7,000 shares of the company’s stock, valued at $187,250. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Thomas J. Fontaine sold 1,999 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $27.81, for a total value of $55,592.19. The disclosure for this sale can be found here. In the last three months, insiders sold 11,899 shares of company stock worth $312,115. Insiders own 15.30% of the company’s stock.

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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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