Wellesley Bancorp (NASDAQ:WEBK) Share Price Crosses Above 50 Day Moving Average of $30.99

Wellesley Bancorp Inc (NASDAQ:WEBK)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $30.99 and traded as high as $31.25. Wellesley Bancorp shares last traded at $30.97, with a volume of 176 shares.

Separately, ValuEngine upgraded shares of Wellesley Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

The company has a market cap of $79.26 million, a price-to-earnings ratio of 13.24 and a beta of 0.74. The business’s fifty day moving average price is $30.99 and its 200 day moving average price is $32.28. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.08 and a quick ratio of 1.08.

Wellesley Bancorp (NASDAQ:WEBK) last issued its quarterly earnings results on Thursday, July 25th. The bank reported $0.59 EPS for the quarter. The company had revenue of $7.60 million for the quarter. Wellesley Bancorp had a net margin of 14.82% and a return on equity of 8.97%.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were issued a dividend of $0.06 per share. The ex-dividend date was Tuesday, September 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.78%.

Large investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC acquired a new position in shares of Wellesley Bancorp during the second quarter worth $32,000. Amica Retiree Medical Trust acquired a new position in shares of Wellesley Bancorp during the second quarter worth $213,000. Amica Mutual Insurance Co. acquired a new position in shares of Wellesley Bancorp during the second quarter worth $294,000. Finally, Banc Funds Co. LLC lifted its holdings in shares of Wellesley Bancorp by 16.5% during the second quarter. Banc Funds Co. LLC now owns 44,740 shares of the bank’s stock worth $1,459,000 after purchasing an additional 6,347 shares during the period. Institutional investors own 11.18% of the company’s stock.

About Wellesley Bancorp (NASDAQ:WEBK)

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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