Last $19.03 USD
Change Today +0.21 / 1.12%
Volume 5.0K
As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

wellesley bank (WEBK) Snapshot

Open
$19.05
Previous Close
$18.82
Day High
$19.26
Day Low
$19.00
52 Week High
12/17/13 - $20.45
52 Week Low
09/10/13 - $16.98
Market Cap
46.7M
Average Volume 10 Days
4.7K
EPS TTM
$0.82
Shares Outstanding
2.5M
EX-Date
08/29/14
P/E TM
23.2x
Dividend
$0.10
Dividend Yield
0.26%
Current Stock Chart for WELLESLEY BANK (WEBK)

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wellesley bank (WEBK) Details

Wellesley Bancorp, Inc. operates as the bank holding company for Wellesley Bank that provides various financial services to consumers and businesses. 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, as well as offers remote capture products. The company also offers residential mortgage loans, commercial real estate loans, and construction loans, as well as home equity lines of credit and other consumer loans that consist of fixed-rate second mortgage loans, automobile loans, loans secured by passbook or certificate accounts, and overdraft loans; and commercial business loans, such as term loans, revolving lines of credit, and equipment loans to professionals, sole proprietorships, and small businesses. In addition, it is involved in the provision of investment advisory services for individuals, not-for-profit entities, and businesses, as well as a range of non-deposit investment products, including mutual funds and equities through a third-party registered broker-dealer; and in buying, selling, and holding securities on its behalf. The company serves its customers in the communities of Wellesley, Dover, and Needham in Norfolk County; and the communities of Natick, Newton, Cambridge, and Weston in Middlesex County, as well as in portions of the city of Boston in Suffolk County. As of December 31, 2013, Wellesley Bancorp, Inc. operated through an executive office and three full service branch offices located in Wellesley, Massachusetts; and one full service branch office in Boston. The company was founded in 1911 and is based in Wellesley, Massachusetts.

50 Employees
Last Reported Date: 03/24/14
Founded in 1911

wellesley bank (WEBK) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $356.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $180.7K
Corporate Secretary, Vice President of Welles...
Total Annual Compensation: $133.3K
Compensation as of Fiscal Year 2013.

wellesley bank (WEBK) Key Developments

Wellesley Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on September 19, 2014

Wellesley Bancorp, Inc. announced that on August 20, 2014, its Board of Directors approved its quarterly cash dividend to its stockholders of $0.025 per common share to be paid on September 19, 2014 to stockholders of record as of the close of business on September 3, 2014.

Wellesley Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Wellesley Bancorp, Inc. reported Unaudited consolidated earnings results for the second quarter ended June 30, 2014. For the quarter, the company has posted net interest income was $4,019,000 against $3,287,000 a year ago. This increase was primarily due to increased interest income due to an increase in the average balance of loan portfolio, partially offset by higher interest expense as the average balance of deposits have also increased. Income before income tax was $707,000 against $955,000 a year ago. Return on average assets was 0.36% against 0.61% a year ago. Return on average equity was 3.59% against 5.62% a year ago. Basic and diluted per share was $0.19 against $0.26 a year ago. Book value per common share at end of period was $19.60 against $18.43 a year ago. For the six months, the company has posted net interest income was $7,785,000 against $6,580,000 a year ago. The increase was largely due to increased loan income resulting from growth in portfolio. Income before income tax was $1,362,000 against $1,940,000 a year ago. Return on average assets was 0.35% against 0.62% a year ago. Return on average equity was 3.49% against 5.46% a year ago. Basic and diluted per share was $0.36 against $0.52 a year ago. Book value per common share at end of period was $19.60 against $18.43 a year ago.

Wellesley Bancorp, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2014

Wellesley Bancorp, Inc. reported earnings results for the first quarter ended March 31, 2014. The company has reported that net income for the first quarter ended March 31, 2014 was $394,000, or $0.17 per share, compared to $595,000, or $0.26 per share, for the same quarter ended March 31, 2013. Net interest income for the first quarter ended March 31, 2014 was $3.77 million, compared to $3.29 million for the same quarter ended March 31, 2013. Income before income taxes for the first quarter ended March 31, 2014 was $655,000, compared to $985,000 for the same quarter ended March 31, 2013.

 

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Industry Analysis

WEBK

Industry Average

Valuation WEBK Industry Range
Price/Earnings 23.3x
Price/Sales 2.8x
Price/Book 0.9x
Price/Cash Flow 25.0x
TEV/Sales NM Not Meaningful
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