Wellesley Bancorp, Inc. (NASDAQ:WEBK) Director Buys $27,700.00 in Stock

Wellesley Bancorp, Inc. (NASDAQ:WEBK) Director Kathryn M. Hinderhofer purchased 1,000 shares of the stock in a transaction dated Friday, August 4th. The shares were bought at an average price of $27.70 per share, for a total transaction of $27,700.00. Following the completion of the acquisition, the director now owns 2,300 shares in the company, valued at $63,710. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Wellesley Bancorp, Inc. (NASDAQ WEBK) opened at 25.05 on Friday. The company has a 50-day moving average of $26.82 and a 200-day moving average of $27.07. Wellesley Bancorp, Inc. has a one year low of $20.86 and a one year high of $28.25. The company has a market capitalization of $59.29 million and a PE ratio of 18.41.

Wellesley Bancorp (NASDAQ:WEBK) last posted its quarterly earnings results on Thursday, July 27th. The bank reported $0.38 earnings per share for the quarter. The company had revenue of $5.98 million during the quarter. Wellesley Bancorp had a net margin of 11.82% and a return on equity of 5.87%.

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An institutional investor recently bought a new position in Wellesley Bancorp stock. Banc Funds Co. LLC bought a new position in Wellesley Bancorp, Inc. (NASDAQ:WEBK) during the second quarter, according to its most recent filing with the SEC. The institutional investor bought 27,879 shares of the bank’s stock, valued at approximately $772,000. Banc Funds Co. LLC owned about 1.18% of Wellesley Bancorp at the end of the most recent quarter.

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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