Dividend News Alert – Wellesley Bancorp Inc (NASDAQ:WEBK)

Wellesley Bancorp Inc (NASDAQ:WEBK) stock price moved flat at 0% to $ 29.10. Its total market capitalization is $ 72.75M. Its day lowest price was $29.1 and its hit its day highest price at $29.1. The stock recent volume is 0 shares in comparison to its average trading volume of 1388 shares. Looking at the stock’s price level on the past 52-week graph, WEBK recorded a 52-week high of $29.95 and its 52-week low of $23.7.

Wellesley Bancorp Inc (NASDAQ:WEBK), the holding company for Wellesley Bank reported that on February 28, 2018 its Board of Directors approved a quarterly cash dividend to its stockholders of $0.05 per common share, to be paid on March 28, 2018 to stockholders of record as of the close of business on March 14, 2018.

Shares of Wellesley Bancorp, Inc. have been recently spotted trading -2.84% off of the 52-week high price. On the other end, company shares have been noted 22.78% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 23.70 – 29.95. Switching over to some distances from popular moving averages, we see that the stock has been recorded 1.06% away from the 50 day moving average and 6.23% away from the 200 day moving average. Moving closer, we can see that shares have been trading 0.08% off of the 20-day moving average.

About Wellesley Bancorp

Wellesley Bancorp, Inc. is the holding company for Wellesley Bank (the Bank). The Bank operates as a community-oriented financial institution offering traditional financial services to consumers and businesses. It attracts deposits from the general public and uses those funds to originate residential mortgage loans, commercial real estate loans and construction loans, and, to a lesser extent, commercial business loans, home equity lines of credit and other consumer loans. Wellesley offers a range of deposits, which include noninterest-bearing demand deposits, such as checking accounts; interest-bearing demand accounts, such as such as negotiable order of withdrawal (NOW) and money market accounts; savings accounts, and certificates of deposit. In addition, it also provides investment management services for high net worth individuals, families, businesses, private partnerships, nonprofit organizations, foundations and trusts through its subsidiary, Wellesley Investment Partners, LLC.

About the Author

Kyle Webster
Kyle Webster
Kyle Webster is a self taught investor and follows the value investing approach to picking stocks. He possesses over 10 years of investment experience, an M.B.A. from Louisiana State University, and is also certified in Risk Management Assurance. Kyle is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Research News category for our site. He can be reached via Email Contact -  kyle@mostvolatilestocks.com.

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