Last $26.00 USD
Change Today 0.00 / 0.00%
Volume 0.0
WEFP On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).

wells financial corp (WEFP) Snapshot

Open
$26.15
Previous Close
$26.00
Day High
$26.34
Day Low
$26.00
52 Week High
11/21/14 - $28.00
52 Week Low
02/28/14 - $22.75
Market Cap
20.4M
Average Volume 10 Days
592.4
EPS TTM
$1.27
Shares Outstanding
786.5K
EX-Date
12/3/14
P/E TM
20.5x
Dividend
$0.60
Dividend Yield
2.29%
Current Stock Chart for WELLS FINANCIAL CORP (WEFP)

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wells financial corp (WEFP) Details

Wells Financial Corp. operates as the holding company for Wells Federal Bank that offers various banking services. It generates various deposit products comprising checking accounts, savings accounts, NOW and money market accounts, demand deposits, certificates of deposit, retirement accounts, business checking and savings, health savings accounts, and business loans and lines of credit. The company also provides residential loans, commercial real estate and construction loans, agricultural real estate and operating loans, home equity loans, and other consumer loans. As of December 31, 2008, it had nine full service offices located in Faribault, Martin, Blue Earth, Nicollet, Freeborn, and Steele Counties, Minnesota, as well as one loan origination office in Dakota County, Minnesota. In addition, Wells Financial Corp. operates as an insurance agency that sells property, casualty, life, and health insurance products, as well as investment products, including mutual funds. The company was founded in 1934 and is headquartered in Wells, Minnesota.

wells financial corp (WEFP) Top Compensated Officers

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Executives, Board Directors

wells financial corp (WEFP) Key Developments

Wells Financial Corp. and Wells Federal Bank Announces Management Changes

Wells Financial Corp., the holding company of Wells Federal Bank (the Bank) announced that Lonnie R. Trasamar has resigned as President and Chief Executive Officer, and director, of the company and the bank, for personal reasons. The company announced that the Board of Directors has appointed James D. Moll, who currently serves as Chief Financial Officer and director of the company and the bank, as Interim President and Chief Executive Officer of the company and the bank.

Wells Financial Corp. Declares Quarterly Cash Dividend, Payable on December 19, 2014

The Board of Directors of Wells Financial Corp. declared a quarterly cash dividend of $0.15 per share, payable on December 19, 2014 to shareholders of record on December 5, 2014.

Wells Financial Corp. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Wells Financial Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net interest income of $2,055,000 against $1,914,000 a year ago. Income before income taxes was $610,000 against $767,000 a year ago. Net income was $518,000 or $0.68 basic and diluted per share against $470,000 or $0.61 basic and diluted per share a year ago. Return on average equity was 7.9% against 7.2% a year ago. Return on average assets was 0.8% against 0.8% a year ago. The improvement in net income for the quarter is due, primarily, to a reduction in tax expense and an increase in net interest income. Net interest income increased by $141,000, or 7.4% as compared to same period a year ago, due to an increase in the net interest rate spread and an increase in the average balance of the loan portfolio. For the nine months, the company reported net interest income of $5,989,000 against $5,707,000 a year ago. Income before income taxes was $1,188,000 against $1,834,000 a year ago. Net income was $865,000 or $1.14 basic and diluted per share against $1,085,000 or $1.41 basic and diluted per share a year ago. Return on average equity was 4.4% against 5.2% a year ago. Return on average assets was 0.5% against 0.6% a year ago. Net interest income increased by $282,000, or 4.9% as compared to same period a year ago, due to increases in the net interest rate spread and the average balance of the loan portfolio.

 

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Valuation WEFP Industry Range
Price/Earnings 20.5x
Price/Sales 1.8x
Price/Book 0.7x
Price/Cash Flow 21.3x
TEV/Sales 0.1x
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