Wellesley Bancorp (NASDAQ:WEBK) Share Price Passes Below Fifty Day Moving Average of $32.19

Wellesley Bancorp Inc (NASDAQ:WEBK) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $32.19 and traded as low as $30.89. Wellesley Bancorp shares last traded at $31.20, with a volume of 1,608 shares traded.

Separately, ValuEngine downgraded shares of Wellesley Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

The business has a fifty day moving average price of $32.16. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.06 and a current ratio of 1.08. The company has a market cap of $79.06 million, a price-to-earnings ratio of 13.09 and a beta of 0.76.

Wellesley Bancorp (NASDAQ:WEBK) last posted its quarterly earnings data on Thursday, July 25th. The bank reported $0.59 earnings per share (EPS) for the quarter. Wellesley Bancorp had a net margin of 14.82% and a return on equity of 8.97%. The business had revenue of $7.60 million during the quarter.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC purchased a new position in shares of Wellesley Bancorp in the second quarter worth about $32,000. FMR LLC purchased a new position in shares of Wellesley Bancorp in the fourth quarter worth about $51,000. Amica Retiree Medical Trust purchased a new position in shares of Wellesley Bancorp in the second quarter worth about $213,000. Amica Mutual Insurance Co. purchased a new position in shares of Wellesley Bancorp in the second quarter worth about $294,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Wellesley Bancorp by 48.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,243 shares of the bank’s stock worth $284,000 after purchasing an additional 3,350 shares in the last quarter. Institutional investors and hedge funds own 10.82% of the company’s stock.

Wellesley Bancorp Company Profile (NASDAQ:WEBK)

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.

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