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.
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.
ILLEGAL ACTIVITY NOTICE: This piece was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/01/17/wellesley-bancorp-webk-set-to-announce-quarterly-earnings-on-wednesday.html.
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.
Receive News & Ratings for Wellesley Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wellesley Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.