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Last $19.50 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

wellesley bank (WEBK) Snapshot

Open
$18.80
Previous Close
$19.50
Day High
$19.50
Day Low
$18.80
52 Week High
06/18/15 - $20.59
52 Week Low
10/29/14 - $17.52
Market Cap
48.0M
Average Volume 10 Days
449.5
EPS TTM
$0.86
Shares Outstanding
2.5M
EX-Date
08/31/15
P/E TM
22.7x
Dividend
$0.12
Dividend Yield
0.56%
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.

61 Employees
Last Reported Date: 03/26/15
Founded in 1911

wellesley bank (WEBK) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $367.2K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $187.4K
Corporate Secretary, Vice President of Welles...
Total Annual Compensation: $133.3K
Chief Lending Officer of Wellesley Bank and S...
Total Annual Compensation: $191.4K
Compensation as of Fiscal Year 2014.

wellesley bank (WEBK) Key Developments

Wellesley Bancorp Inc. Declares Quarterly Cash Dividend, Payable on September 16, 2015

Wellesley Bancorp Inc. declared that it will pay a quarterly cash dividend of USD 0.03 per share on the company's common stock, as approved by its board of directors. All stockholders of record as of the close of business on September 2, 2015 will be paid the dividend on September 16, 2015.

Wellesley Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Wellesley Bancorp, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total interest and dividend income of $5,284,000 compared to $4,865,000 a year ago. Net interest income was $4,451,000 compared to $4,019,000 a year ago. This increase was primarily due to increased interest income resulting from an increase in the average balance of loan and investment portfolios, partially offset by lower earning asset yields. Income before income taxes was $953,000 compared to $707,000 a year ago. Net income was $585,000 or $0.25 per basic and diluted share compared to $431,000 or $0.19 per basic and diluted share a year ago. Net income increased $154,000, or 35.7%, for the quarter ended June 30, 2015 compared to the quarter ended June 30, 2014, primarily due to an increase in net interest income and a lower provision for loan losses, partially offset by an increase in noninterest expense. Return on average assets was 0.43% compared to 0.36% a year ago. Return on average equity was 4.67% compared to 3.59% a year ago. Book value per common share at end of period was $20.53 compared to $19.60 a year ago. For the six months, the company reported total interest and dividend income of $10,440,000 compared to $9,432,000 a year ago. Net interest income was $8,774,000 compared to $7,785,000 a year ago. The increase was largely due to increased loan income resulting from growth in portfolio. Income before income taxes was $1,697,000 compared to $1,362,000 a year ago. Net income was $1,044,000 or $0.45 per basic and diluted share compared to $825,000 or $0.36 per basic and diluted share a year ago. Net income for the six months ended June 30, 2015 increased $219,000 compared to net income for the six months ended June 30, 2014 due to increased net interest income and a lower provision for loan losses, partially offset by higher noninterest expenses. Return on average assets was 0.39% compared to 0.35% a year ago. Return on average equity was 4.23% compared to 3.49% a year ago.

Wellesley Bancorp, Inc. Declares Increased Quarterly Cash Dividend, Payable on June 17, 2015

Wellesley Bancorp, Inc. announced that on May 20, 2015, its board of directors approved a quarterly cash dividend to its stockholders of $0.03 per common share to be paid on June 17, 2015 to stockholders of record as of the close of business on June 3, 2015. The approved dividend represents an increase of 20% over the prior quarter’s dividend.

 

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WEBK Competitors

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Company Last Change
Anchor Bancorp Inc/WA $21.81 USD -0.17
Athens Bancshares Corp $24.72 USD -2.28
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Home Federal Bancorp Inc/LA $21.68 USD -0.3249
Poage Bankshares Inc $15.50 USD +0.07
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Industry Analysis

WEBK

Industry Average

Valuation WEBK Industry Range
Price/Earnings 22.6x
Price/Sales 2.5x
Price/Book 0.9x
Price/Cash Flow 24.0x
TEV/Sales NM Not Meaningful
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