Wellesley Bancorp (WEBK) Downgraded by ValuEngine to Sell

ValuEngine cut shares of Wellesley Bancorp (NASDAQ:WEBK) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

Wellesley Bancorp stock opened at $32.05 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.06 and a current ratio of 1.07. The firm has a market cap of $80.95 million, a price-to-earnings ratio of 14.24 and a beta of 0.43. Wellesley Bancorp has a one year low of $26.75 and a one year high of $34.50.

Wellesley Bancorp (NASDAQ:WEBK) last posted its earnings results on Thursday, October 25th. The bank reported $0.62 EPS for the quarter. The firm had revenue of $6.83 million for the quarter. Wellesley Bancorp had a net margin of 13.33% and a return on equity of 9.18%.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 26th. Shareholders of record on Wednesday, December 12th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 0.69%. The ex-dividend date is Tuesday, December 11th.

In other Wellesley Bancorp news, CEO Thomas J. Fontaine sold 1,975 shares of the stock in a transaction on Friday, November 16th. The shares were sold at an average price of $30.72, for a total transaction of $60,672.00. Following the transaction, the chief executive officer now directly owns 15,698 shares of the company’s stock, valued at $482,242.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 16.70% of the company’s stock.

Several large investors have recently modified their holdings of the company. Banc Funds Co. LLC grew its position in shares of Wellesley Bancorp by 24.3% in the third quarter. Banc Funds Co. LLC now owns 38,393 shares of the bank’s stock valued at $1,315,000 after purchasing an additional 7,514 shares during the last quarter. Cutler Capital Management LLC acquired a new stake in shares of Wellesley Bancorp in the third quarter valued at about $857,000. Western Standard LLC acquired a new stake in shares of Wellesley Bancorp in the second quarter valued at about $153,000. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Wellesley Bancorp in the second quarter valued at about $203,000. 10.01% of the stock is currently owned by institutional investors.

Wellesley Bancorp Company Profile

Wellesley Bancorp, Inc operates as the bank holding company for Wellesley Bank that provides various financial services to individuals, non-profit organizations, small businesses, and other entities in eastern Massachusetts. Its deposit products include noninterest-bearing demand deposits, such as checking accounts; interest-bearing demand accounts comprising negotiable order of withdrawal and money market accounts; savings accounts; and certificates of deposit.

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