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Last $18.90 USD
Change Today +0.10 / 0.53%
Volume 127.0
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

wellesley bank (WEBK) Snapshot

Open
$18.90
Previous Close
$18.80
Day High
$18.90
Day Low
$18.90
52 Week High
12/5/14 - $19.63
52 Week Low
10/29/14 - $17.52
Market Cap
46.5M
Average Volume 10 Days
1.0K
EPS TTM
$0.77
Shares Outstanding
2.5M
EX-Date
03/2/15
P/E TM
24.5x
Dividend
$0.10
Dividend Yield
0.53%
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: $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. Approves Quarterly Cash Dividend, Payable on March 18, 2015

Wellesley Bancorp, Inc. announced that on February 18, 2015, its Board of Directors approved a quarterly cash dividend to its stockholders of $0.025 per common share to be paid on March 18, 2015 to stockholders of record as of the close of business on March 4, 2015.

Wellesley Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended December 31, 2014

Wellesley Bancorp, Inc. announced unaudited consolidated earnings results for fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total interest and dividend income of $5,119,000, net interest income of $4,219,000, income before income taxes of $664,000, net income of $436,000 or $0.19 per basic and diluted share, return on average assets of 0.34% and return on average equity of 3.59% compared to the total interest and dividend income of $4,458,000, net interest income of $3,734,000, income before income taxes of $684,000, net income of $434,000 or $0.19 per basic and diluted share, return on average assets of 0.39% and return on average equity of 3.90% for the same quarter a year ago. The increase in net interest income was primarily the result of 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 also increased. For the year, the company reported total interest and dividend income of $19,545,000, net interest income of $16,120,000, income before income taxes of $2,881,000, net income of $1,777,000 or $0.77 per diluted share, return on average assets of 0.36% and return on average equity of 3.70% compared to the total interest and dividend income of $16,660,000, net interest income of $13,875,000, income before income taxes of $3,625,000, net income of $2,220,000 or $0.97 per basic and diluted share, return on average assets of 0.55% return on average equity of 5.09% for the previous year. Book value per common share at end of period was $20.07 compared to the $19.06 for the same period year ago. The increase net interest income was largely due to increased loan income resulting from the growth in portfolio. Net income decreased due to increased noninterest expenses and an increased provision for loan losses, partially offset by increased net interest income.

Wellesley Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on December 17, 2014

Wellesley Bancorp, Inc. announced that on November 19, 2014, its Board of Directors approved a quarterly cash dividend to its stockholders of $0.025 per common share to be paid on December 17, 2014 to stockholders of record as of the close of business on December 3, 2014.

 

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Industry Analysis

WEBK

Industry Average

Valuation WEBK Industry Range
Price/Earnings 24.3x
Price/Sales 2.6x
Price/Book 0.9x
Price/Cash Flow 26.0x
TEV/Sales NM Not Meaningful
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