Wellesley Bancorp Inc (NASDAQ:WEBK) saw a significant decline in short interest in March. As of March 13th, there was short interest totalling 500 shares, a decline of 70.6% from the February 27th total of 1,700 shares. Based on an average daily trading volume, of 12,300 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.
Large investors have recently made changes to their positions in the stock. UBS Group AG increased its stake in Wellesley Bancorp by 42.6% in the fourth quarter. UBS Group AG now owns 4,278 shares of the bank’s stock valued at $194,000 after acquiring an additional 1,278 shares during the last quarter. Geode Capital Management LLC bought a new position in Wellesley Bancorp in the fourth quarter valued at approximately $435,000. Beryl Capital Management LLC bought a new position in Wellesley Bancorp in the fourth quarter valued at approximately $1,810,000. Chicago Capital Management LLC bought a new position in Wellesley Bancorp in the fourth quarter valued at approximately $1,983,000. Finally, Banc Funds Co. LLC increased its stake in Wellesley Bancorp by 99.4% in the fourth quarter. Banc Funds Co. LLC now owns 84,998 shares of the bank’s stock valued at $3,847,000 after acquiring an additional 42,363 shares during the last quarter. 19.66% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ WEBK opened at $27.92 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 1.31. Wellesley Bancorp has a 1-year low of $22.78 and a 1-year high of $45.97. The company has a 50 day moving average of $36.02 and a 200-day moving average of $36.39. The company has a market cap of $69.86 million, a price-to-earnings ratio of 11.83 and a beta of 0.88.
Wellesley Bancorp (NASDAQ:WEBK) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $0.45 earnings per share (EPS) for the quarter. The business had revenue of $7.62 million for the quarter. Wellesley Bancorp had a net margin of 13.82% and a return on equity of 8.63%.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Monday, March 9th were paid a $0.06 dividend. The ex-dividend date was Friday, March 6th. This represents a $0.24 dividend on an annualized basis and a yield of 0.86%.
A number of equities research analysts have recently weighed in on the stock. TheStreet downgraded shares of Wellesley Bancorp from a “b” rating to a “c+” rating in a research report on Thursday, January 30th. ValuEngine upgraded shares of Wellesley Bancorp from a “strong sell” rating to a “sell” rating in a research report on Monday, March 9th.
About Wellesley Bancorp
Wellesley Bancorp, Inc operates as the bank holding company for Wellesley Bank that provides various financial services to individuals, non-profit organizations, small businesses, and other entities in eastern Massachusetts. 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.
Read More: How to Trade Using Analysts Ratings
Receive News & Ratings for Wellesley Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wellesley Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.