Wellesley Bncp Inc shares had a trading volume of 3,393 in the last trading session. Volume was up 142.88% over the stocks average daily volume.
Traders are more bullish on Wellesley Bncp Inc of late if you take a look at the motion in short interest. The firm saw a fall in short interest of -18.44% between September 29, 2017 and October 13, 2017. Short interest decreased from 4,550 to 3,711 over that period. The short-interest ratio decreased to 3.0 and the percentage of shorted shares is 0.00% as of October 13.
There has been some buying insider activity on Wellesley Bncp Inc (NASDAQ:WEBK) recently. Simon R. Gerlin, Director disclosed the purchase of 100 shares. The shares were purchased at an average price of $26.58. The Director now owns $5,316 of the stock according to the SEC filing.
These firms have modified their investment in WEBK. As of quarter end Commonwealth Equity Services, Inc had bought a total of 49 shares growing its position 0.1%. The value of the investment in (WEBK) went from $903,000 to $953,000 increasing 5.5% for the reporting period. Tower Research Capital LLC (trc) expanded its ownership by buying 2 shares an increase of 12.5% in the quarter. Tower Research Capital LLC (trc) currently owns 18 shares worth $0. The total value of its holdings decreased nan%.
As of the end of the quarter Ubs Group Ag had disposed of 945 shares trimming its stake by 46.0%. The value of the company’s investment in Wellesley Bncp Inc decreased from $54,000 to $31,000 a change of $23,000 quarter over quarter.
The company is so far trading unchanged by 0.00% percent from yesterday’s close. The P/E ratio is currently 17.66 and market capitalization is 66.97M. In the latest earnings report the EPS was $1.52 with 2.50M shares currently outstanding.
Wellesley Bancorp, Inc., launched on October 1, 2011, 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 in its market areas of Wellesley, Boston and the surrounding communities. 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. 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..