Wellesley Bancorp Inc (NASDAQ:WEBK) saw a significant increase in short interest during the month of August. As of August 15th, there was short interest totalling 3,800 shares, an increase of 137.5% from the July 15th total of 1,600 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 1,800 shares, the days-to-cover ratio is presently 2.1 days.
NASDAQ:WEBK opened at $31.00 on Wednesday. The company has a market capitalization of $79.74 million, a PE ratio of 13.06 and a beta of 0.74. Wellesley Bancorp has a 52-week low of $27.74 and a 52-week high of $35.50. The stock’s 50 day moving average price is $31.18 and its 200 day moving average price is $32.49. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.36.
Wellesley Bancorp (NASDAQ:WEBK) last announced its earnings results on Thursday, July 25th. The bank reported $0.59 earnings per share (EPS) for the quarter. Wellesley Bancorp had a net margin of 14.82% and a return on equity of 8.97%. The business had revenue of $7.60 million for the quarter.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Tuesday, September 10th.
Separately, ValuEngine cut Wellesley Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.
A number of institutional investors have recently modified their holdings of the business. Steward Partners Investment Advisory LLC acquired a new position in Wellesley Bancorp in the second quarter valued at $32,000. FMR LLC purchased a new stake in shares of Wellesley Bancorp in the fourth quarter valued at about $51,000. Amica Retiree Medical Trust purchased a new stake in shares of Wellesley Bancorp in the second quarter valued at about $213,000. Dimensional Fund Advisors LP boosted its stake in shares of Wellesley Bancorp by 48.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,243 shares of the bank’s stock worth $284,000 after buying an additional 3,350 shares during the period. Finally, Amica Mutual Insurance Co. acquired a new stake in shares of Wellesley Bancorp during the second quarter worth about $294,000. 11.18% of the stock is currently owned by institutional investors.
About Wellesley Bancorp
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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