Wellesley Bancorp, Inc. (WEBK) CEO Thomas J. Fontaine Sells 1,999 Shares

Wellesley Bancorp, Inc. (NASDAQ:WEBK) CEO Thomas J. Fontaine sold 1,999 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $27.81, for a total value of $55,592.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Wellesley Bancorp, Inc. (WEBK) traded up $0.15 during mid-day trading on Friday, reaching $27.95. The company’s stock had a trading volume of 2,206 shares, compared to its average volume of 1,569. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.64. Wellesley Bancorp, Inc. has a 12-month low of $23.70 and a 12-month high of $28.25.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 0.72%.

Hedge funds have recently bought and sold shares of the business. Seizert Capital Partners LLC grew its stake in Wellesley Bancorp by 5.2% in the second quarter. Seizert Capital Partners LLC now owns 10,547 shares of the bank’s stock valued at $292,000 after purchasing an additional 518 shares in the last quarter. Siena Capital Partners GP LLC boosted 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 acquiring an additional 22,936 shares during the period. Finally, Banc Funds Co. LLC bought a new position in shares of Wellesley Bancorp during the 2nd quarter worth approximately $772,000. Hedge funds and other institutional investors own 7.89% of the company’s stock.

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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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