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Last $28.03 USD
Change Today 0.00 / 0.00%
Volume 0.0
WEFP On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 03/13/15 All times are local (Market data is delayed by at least 15 minutes).

wells financial corp (WEFP) Snapshot

Open
$28.03
Previous Close
$28.03
Day High
$28.03
Day Low
$28.03
52 Week High
02/18/15 - $29.15
52 Week Low
04/14/14 - $23.21
Market Cap
22.0M
Average Volume 10 Days
0.0
EPS TTM
$1.73
Shares Outstanding
786.5K
EX-Date
03/11/15
P/E TM
16.2x
Dividend
$0.72
Dividend Yield
2.22%
Current Stock Chart for WELLS FINANCIAL CORP (WEFP)

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wells financial corp (WEFP) Details

Wells Financial Corp. operates as a bank holding company for Wells Federal Bank that offers various banking products and services. It generates various deposit products comprising deposits, checking accounts, savings accounts, certificates of deposit, retirement accounts, business checking and savings, health savings accounts, and business loans and lines of credit. The company also provides residential, commercial, and agricultural real estate loans; commercial and agricultural operating loans; home equity; and other consumer loans. In addition, it offers ATM/debit cards, safe deposit boxes, savings bond, direct deposit, online banking, bill pay, merchant, and direct deposit payroll services. Further, the company provides insurance agency services that include property, casualty, life, and health insurance products, as well as investment products, such as annuities and mutual funds. As of January 26, 2015, it had eight full service offices located in Faribault, Martin, Blue Earth, Nicollet, Freeborn, and Steele Counties, Minnesota; and one loan origination office in Dakota County, Minnesota. The company was founded in 1934 and is headquartered in Wells, Minnesota.

76 Employees
Last Reported Date: 03/12/15
Founded in 1934

wells financial corp (WEFP) Top Compensated Officers

Interim Chief Executive Officer, Interim Pres...
Total Annual Compensation: $132.8K
Compensation as of Fiscal Year 2014.

wells financial corp (WEFP) Key Developments

Wells Financial Corp. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Wells Financial Corp. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. The company reported net income of $438,000, up $337,000 or 334%, when compared to the fourth quarter of 2013. Basic and diluted earnings per share were $0.59, up $0.46 or 354% when compared to the fourth quarter of 2013. The improvement in net income for the quarter is due, primarily, to an increase of $262, or 13.3%, in net interest income and decreases of $125, or 55.6%, in the provision for loan loss and $209, or 8.0%, in noninterest expense. The increase in net interest income was due to an increase in the net interest rate spread and an increase in the average balance of the loan portfolio. Net interest income was $2,232,000 against $1,970,000 a year ago. Income before income taxes was $738,000 against $138,000 a year ago. Book value per share was $35.86 compared to $33.90 a year ago. Return on average equity was 6.6% compared to 1.5% a year ago. Return on average assets was 0.7% compared to 0.2% a year ago. For the year, the company reported net interest income of $8,221,000 against $7,677,000 a year ago. Income before income taxes was $1,926,000 against $1,972,000 a year ago. Net income was $1,303,000 against $1,186,000 a year ago. Basic and diluted earnings per share were $1.72 against $1.54 a year ago. Return on average equity was 4.9% compared to 4.5% a year ago. Return on average assets was 0.5% compared to 0.6% a year ago. When comparing the 2014 with 2013 net interest income increased, due to increases in the net interest rate spread and the average balance of the loan portfolio.

Wells Financial Corp. Declares Quarterly Cash Dividend, Payable on March 27, 2015

Wells Financial Corp. announced that the Board of Directors declared a quarterly cash dividend of $0.18 per share, payable on March 27, 2015 to shareholders of record on March 13, 2015.

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.

 

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WEFP

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Valuation WEFP Industry Range
Price/Earnings 16.3x
Price/Sales 1.8x
Price/Book 0.8x
Price/Cash Flow 17.1x
TEV/Sales 0.1x
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