Wellesley Bancorp Inc (NASDAQ:WEBK) Announces $0.06 Quarterly Dividend

Wellesley Bancorp Inc (NASDAQ:WEBK) announced a quarterly dividend on Wednesday, November 20th, Zacks reports. Stockholders of record on Wednesday, December 4th will be given a dividend of 0.06 per share by the bank on Wednesday, December 18th. This represents a $0.24 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Tuesday, December 3rd.

WEBK opened at $32.73 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.12 and a quick ratio of 1.11. The business has a 50 day simple moving average of $32.07 and a 200-day simple moving average of $32.13. The stock has a market capitalization of $84.60 million, a P/E ratio of 12.96 and a beta of 0.74. Wellesley Bancorp has a 12 month low of $27.74 and a 12 month high of $35.50.

Wellesley Bancorp (NASDAQ:WEBK) last issued its quarterly earnings data on Thursday, October 24th. The bank reported $0.80 earnings per share (EPS) for the quarter. The firm had revenue of $7.87 million during the quarter. Wellesley Bancorp had a return on equity of 9.38% and a net margin of 15.15%.

Separately, ValuEngine cut Wellesley Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th.

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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Dividend History for Wellesley Bancorp (NASDAQ:WEBK)

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