Wellesley Bncp Inc (WEBK) 20.25 $WEBK
Wellesley Bancorp, Inc. Announces Increased Cash Dividend and Appointment of Chief Financial Officer
PR Newswire - Wed May 25, 9:00AM CDT
Wellesley Bancorp, Inc. (Nasdaq Capital Market: WEBK) (the "Company"
, the holding company for Wellesley Bank today announced that on May 25, 2016 its Board of Directors approved a quarterly cash dividend to its stockholders of $0.04 per common share, an increase of $0.01 over the prior quarter's dividend, to be paid on June 20, 2016 to stockholders of record as of the close of business on June 6, 2016.
WEBK: 20.25 (unch)
Wellesley Bancorp, Inc. Reports Results for the Quarter Ended March 31, 2016
PR Newswire - Fri Apr 29, 3:30PM CDT
Wellesley Bancorp, Inc. (Nasdaq Capital Market: WEBK) (the "Company", the holding company for Wellesley Bank (the "Bank", reported net income of $732 thousand for the quarter ended March 31, 2016, compared to net income of $459 thousand for the same period in 2015. The results for the quarter represent an increase of 59.5%, as compared to the prior year first quarter results. Diluted earnings per share were $0.31 and $0.20 for the quarters ended March 31, 2016 and 2015, respectively. Total assets were $620.5 million at March 31, 2016, a decrease of $701 thousand, or 0.1%, from December 31, 2015 as net loans increased $4.3 million and deposits increased $7.6 million while short-term borrowings declined $10.0 million. A portion of the funds obtained in the Company's issuance of $10.0 million in subordinated debentures in December 2015 were used to pay off maturing Federal Home Loan Bank ("FHLB" advances during the first quarter of 2016.
WEBK: 20.25 (unch)
Wellesley Bancorp, Inc. Announces Date Of 2016 Annual Meeting Of Shareholders
PR Newswire - Tue Feb 09, 1:30PM CST
Wellesley Bancorp, Inc. (Nasdaq: WEBK) today announced that its annual meeting of shareholders will be held on Wednesday, May 25, 2016.
WEBK: 20.25 (unch)
Wellesley Bancorp reports Q4 2015 net income of USD905,000
M2 - Fri Feb 05, 6:44AM CST
Wellesley Bancorp, Inc. (NASDAQ Capital Market: WEBK), holding company for Wellesley Bank, has reported net income of USD905 thousand and USD2.6 million for the quarter and year ended December 31, 2015, respectively, compared to net income of USD436 thousand and USD1.8 million for the quarter and year ended December 31, 2014, respectively, the company said. The results for the quarter and year represent an increase of 107.6 percent and 49.1 percent, respectively, as compared to the prior year results. Diluted earnings per share were USD0.39 and USD1.14 for the quarter and year ended December 31, 2015, respectively, compared to USD0.19 and USD0.77 for the quarter and year ended December 31, 2014, respectively. Total assets were USD621.2 million at December 31, 2015, an increase of USD86.1 million or 16.1 percent from December 31, 2014 as net loans increased USD64.0 million, while deposits and borrowings increased USD82.6 million, including the debt issuance during the fourth quarter 2015 of USD10.0 million in subordinated notes due in 2025. Net income increased USD469 thousand, or 107.6 percent, for the quarter ended December 31, 2015 compared to the quarter ended December 31, 2014, as net interest income and noninterest income increased, partially offset by an increase in the provision for loan losses and increased noninterest expenses. Net interest income increased USD731 thousand, or 17.3 percent, to USD5.0 million for the quarter ended December 31, 2015, as compared to the quarter ended December 31, 2014. Total assets were USD621.2 million at December 31, 2015, representing an increase of USD86.1 million compared to USD535.1 million at December 31, 2014. The increase was primarily related to loan growth during the year, supported by growth in deposits and advances from the Federal Home Loan Bank (FHLB). Net loans totaled USD507.3 million at December 31, 2015, an increase of USD64.0 million, as compared to December 31, 2014. Residential mortgage loans increased USD23.2 million to USD256.5 million at December 31, 2015, primarily due to growth in its adjustable-rate mortgage portfolio, as we continue to emphasize residential lending within its marketplace. Wellesley Bank and its wholly owned wealth management company, Wellesley Investment Partners, LLC, are subsidiaries of Wellesley Bancorp, Inc. Wellesley Bank provides banking and wealth management services to people, families, businesses and nonprofit organizations.
WEBK: 20.25 (unch)
Wellesley Bancorp appoints director
M2 - Thu Feb 04, 7:00AM CST
Wellesley Bancorp, Inc. (NASDAQ: WEBK) has appointed Simon R. Gerlin as a member of the board of directors where he will serve on the audit committee of the company and the bank, the company said. Gerlin has been the chief financial officer and executive vice president of finance of massdevelopment since February 2013. Wellesley Bank and its wholly owned wealth management company, Wellesley Investment Partners, LLC, are subsidiaries of Wellesley Bancorp, Inc. Wellesley Bank provides banking and wealth management services to successful people, families, businesses and nonprofit organizations.
WEBK: 20.25 (unch)
Wellesley Bancorp, Inc. Reports Results for the Quarter and Year Ended December 31, 2015
PR Newswire - Thu Jan 28, 3:30PM CST
Wellesley Bancorp, Inc. (Nasdaq Capital Market: WEBK) (the "Company", the holding company for Wellesley Bank (the "Bank", reported net income of $905 thousand and $2.6 million for the quarter and year ended December 31, 2015, respectively, compared to net income of $436 thousand and $1.8 million for the quarter and year ended December 31, 2014, respectively. The results for the quarter and year represent an increase of 107.6% and 49.1%, respectively, as compared to the prior year results. Diluted earnings per share were $0.39 and $1.14 for the quarter and year ended December 31, 2015, respectively, compared to $0.19 and $0.77 for the quarter and year ended December 31, 2014, respectively. Total assets were $621.2 million at December 31, 2015, an increase of $86.1 million or 16.1% from December 31, 2014 as net loans increased $64.0 million, while deposits and borrowings increased $82.6 million, including the debt issuance during the fourth quarter 2015 of $10.0 million in subordinated notes due in 2025.
WEBK: 20.25 (unch)
Wellesley Bancorp, Inc. Appoints Simon R. Gerlin As Director
PR Newswire - Wed Jan 27, 3:30PM CST
Wellesley Bancorp, Inc. (Nasdaq: WEBK) (the "Company", the parent company of Wellesley Bank (the "Bank", today announced that Simon R. Gerlin has been appointed as a member of the Board of Directors of the Company and the Bank. Mr. Gerlin will also serve on the Audit Committee of the Company and the Bank. Mr. Gerlin has been the Chief Financial Officer and Executive Vice President of Finance of MassDevelopment since February 2013. Prior to MassDevelopment, Mr. Gerlin served in executive finance, compliance, and audit roles at Clean Harbors Environmental Services and spent 16 years at PricewaterhouseCoopers LLP. Mr. Gerlin is a certified public accountant and member of the American Institute of CPAs. He received a B.A. degree from Middlebury College and a MBA from Harvard Business School.
WEBK: 20.25 (unch)
Wellesley Bancorp, Inc. Reports Results for the Three and Nine Months Ended September 30, 2015
PR Newswire - Thu Oct 29, 3:30PM CDT
Wellesley Bancorp, Inc. (Nasdaq Capital Market: WEBK) (the "Company", the holding company for Wellesley Bank (the "Bank" reported net income of $700 thousand and $1.7 million for the three and nine months ended September 30, 2015, respectively, compared to net income of $516 thousand and $1.3 million for the three and nine months ended September 30, 2014, respectively. The results for the three and nine months represent an increase of 35.7% and 30.1%, respectively, as compared to the prior year results. Diluted earnings per share were $0.30 and $0.75 for the quarter and nine months ended September 30, 2015, respectively, compared to $0.22 and $0.58 for the three and nine months ended September 30, 2014, respectively. Total assets were $589.5 million at September 30, 2015, an increase of $54.4 million or 10.2% from December 31, 2014 due to a $58.8 million increase in net loans supported primarily by a $30.5 million increase in deposits.
WEBK: 20.25 (unch)
Wellesley Bank announces new office in Newton Centre slated for spring of 2016
PR Newswire - Mon Sep 14, 9:00AM CDT
Wellesley Bank is building on its foundation of financial success and market share growth by unveiling a new office in the heart of Newton Centre scheduled to open in early spring of 2016. The new office is built with sustainable materials and intends to reflect and engage the Newton community with a physical setting that enhances the premier service we provide for our clients' experience.
WEBK: 20.25 (unch)
Wellesley Bancorp, Inc. Declares Quarterly Cash Dividend
PR Newswire - Wed Aug 19, 3:30PM CDT
Wellesley Bancorp, Inc. (Nasdaq Capital Market: WEBK) (the "Company", the holding company for Wellesley Bank today announced that on August 19, 2015, its Board of Directors approved a quarterly cash dividend to its stockholders of $0.03 per common share to be paid on September 16, 2015 to stockholders of record as of the close of business on September 2, 2015.
WEBK: 20.25 (unch)
Wellesley Bancorp, Inc. Reports Results for the Three and Six Months Ended June 30, 2015
PR Newswire - Wed Jul 29, 3:30PM CDT
Wellesley Bancorp, Inc. (Nasdaq Capital Market: WEBK) (the "Company", the holding company for Wellesley Bank (the "Bank" reported net income of $585 thousand and $1.0 million for the three and six months ended June 30, 2015. These results compare to net income of $431 thousand and $825 thousand for the three and six months ended June 30, 2014, respectively. Diluted earnings per share were $0.25 and $0.45 for the three and six months ended June 30, 2015, respectively. For the three and six months ended June 30, 2014, diluted earnings per share were $0.19 and $0.36, respectively. Total assets were $561.9 million at June 30, 2015, an increase of $26.8 million or 5.0% from December 31, 2014 as net loans increased $29.6 million, supported by a $6.2 million increase in deposits and a $16.0 million increase in short-term borrowings.
WEBK: 20.25 (unch)
Wellesley Bancorp, Inc. Declares Increased Quarterly Cash Dividend
BusinessWire - Wed May 20, 9:30AM CDT
Wellesley Bancorp, Inc. (Nasdaq Capital Market: WEBK) (the "Company", the holding company for Wellesley Bank today announced that on May 20, 2015, its Board of Directors approved a quarterly cash dividend to its stockholders of $0.03 per common share to be paid on June 17, 2015 to stockholders of record as of the close of business on June 3, 2015. The approved dividend represents an increase of 20% over the prior quarter's dividend.
WEBK: 20.25 (unch)
Nasdaq stocks posting largest volume decreases
AP - Tue Apr 28, 5:04PM CDT
NEW YORK (AP) — A look at the 10 biggest volume decliners on Nasdaq at the close of trading:
TSBK: 15.05 (-0.18), OPOF: 19.39 (-0.01), QADB: 17.85 (+0.05), ALOT: 15.90 (+0.10), HWBK: 13.68 (-0.02), WEBK: 20.25 (unch), QADA: 19.82 (+0.17), FCCO: 14.08 (+0.12), CHMG: 30.15 (+0.07), MGCD: 6.55 (unch), IKNX: 10.75 (+0.14)
How it All Plays Out: Special Research on Wellesley Bancorp, Orix, PHH Corp, Actua, and Acxiom
PR Newswire - Wed Mar 11, 6:40AM CDT
Editor Note: For more information about this release, please scroll to bottom.
WEBK: 20.25 (unch), PHH: 14.16 (+0.29), ACXM: 22.20 (+0.13), ACTA: 9.24 (+0.14), IX: 65.97 (+2.59)
Wellesley Bancorp, Inc. Announces Increased Cash Dividend and Appointment of Chief Financial Officer
PR Newswire - Wed May 25, 9:00AM CDT
Wellesley Bancorp, Inc. (Nasdaq Capital Market: WEBK) (the "Company"
, the holding company for Wellesley Bank today announced that on May 25, 2016 its Board of Directors approved a quarterly cash dividend to its stockholders of $0.04 per common share, an increase of $0.01 over the prior quarter's dividend, to be paid on June 20, 2016 to stockholders of record as of the close of business on June 6, 2016. WEBK: 20.25 (unch)
Wellesley Bancorp, Inc. Reports Results for the Quarter Ended March 31, 2016
PR Newswire - Fri Apr 29, 3:30PM CDT
Wellesley Bancorp, Inc. (Nasdaq Capital Market: WEBK) (the "Company"
, the holding company for Wellesley Bank (the "Bank", reported net income of $732 thousand for the quarter ended March 31, 2016, compared to net income of $459 thousand for the same period in 2015. The results for the quarter represent an increase of 59.5%, as compared to the prior year first quarter results. Diluted earnings per share were $0.31 and $0.20 for the quarters ended March 31, 2016 and 2015, respectively. Total assets were $620.5 million at March 31, 2016, a decrease of $701 thousand, or 0.1%, from December 31, 2015 as net loans increased $4.3 million and deposits increased $7.6 million while short-term borrowings declined $10.0 million. A portion of the funds obtained in the Company's issuance of $10.0 million in subordinated debentures in December 2015 were used to pay off maturing Federal Home Loan Bank ("FHLB" advances during the first quarter of 2016. WEBK: 20.25 (unch)
Wellesley Bancorp, Inc. Announces Date Of 2016 Annual Meeting Of Shareholders
PR Newswire - Tue Feb 09, 1:30PM CST
Wellesley Bancorp, Inc. (Nasdaq: WEBK) today announced that its annual meeting of shareholders will be held on Wednesday, May 25, 2016.
WEBK: 20.25 (unch)
Wellesley Bancorp reports Q4 2015 net income of USD905,000
M2 - Fri Feb 05, 6:44AM CST
Wellesley Bancorp, Inc. (NASDAQ Capital Market: WEBK), holding company for Wellesley Bank, has reported net income of USD905 thousand and USD2.6 million for the quarter and year ended December 31, 2015, respectively, compared to net income of USD436 thousand and USD1.8 million for the quarter and year ended December 31, 2014, respectively, the company said. The results for the quarter and year represent an increase of 107.6 percent and 49.1 percent, respectively, as compared to the prior year results. Diluted earnings per share were USD0.39 and USD1.14 for the quarter and year ended December 31, 2015, respectively, compared to USD0.19 and USD0.77 for the quarter and year ended December 31, 2014, respectively. Total assets were USD621.2 million at December 31, 2015, an increase of USD86.1 million or 16.1 percent from December 31, 2014 as net loans increased USD64.0 million, while deposits and borrowings increased USD82.6 million, including the debt issuance during the fourth quarter 2015 of USD10.0 million in subordinated notes due in 2025. Net income increased USD469 thousand, or 107.6 percent, for the quarter ended December 31, 2015 compared to the quarter ended December 31, 2014, as net interest income and noninterest income increased, partially offset by an increase in the provision for loan losses and increased noninterest expenses. Net interest income increased USD731 thousand, or 17.3 percent, to USD5.0 million for the quarter ended December 31, 2015, as compared to the quarter ended December 31, 2014. Total assets were USD621.2 million at December 31, 2015, representing an increase of USD86.1 million compared to USD535.1 million at December 31, 2014. The increase was primarily related to loan growth during the year, supported by growth in deposits and advances from the Federal Home Loan Bank (FHLB). Net loans totaled USD507.3 million at December 31, 2015, an increase of USD64.0 million, as compared to December 31, 2014. Residential mortgage loans increased USD23.2 million to USD256.5 million at December 31, 2015, primarily due to growth in its adjustable-rate mortgage portfolio, as we continue to emphasize residential lending within its marketplace. Wellesley Bank and its wholly owned wealth management company, Wellesley Investment Partners, LLC, are subsidiaries of Wellesley Bancorp, Inc. Wellesley Bank provides banking and wealth management services to people, families, businesses and nonprofit organizations.
WEBK: 20.25 (unch)
Wellesley Bancorp appoints director
M2 - Thu Feb 04, 7:00AM CST
Wellesley Bancorp, Inc. (NASDAQ: WEBK) has appointed Simon R. Gerlin as a member of the board of directors where he will serve on the audit committee of the company and the bank, the company said. Gerlin has been the chief financial officer and executive vice president of finance of massdevelopment since February 2013. Wellesley Bank and its wholly owned wealth management company, Wellesley Investment Partners, LLC, are subsidiaries of Wellesley Bancorp, Inc. Wellesley Bank provides banking and wealth management services to successful people, families, businesses and nonprofit organizations.
WEBK: 20.25 (unch)
Wellesley Bancorp, Inc. Reports Results for the Quarter and Year Ended December 31, 2015
PR Newswire - Thu Jan 28, 3:30PM CST
Wellesley Bancorp, Inc. (Nasdaq Capital Market: WEBK) (the "Company"
, the holding company for Wellesley Bank (the "Bank", reported net income of $905 thousand and $2.6 million for the quarter and year ended December 31, 2015, respectively, compared to net income of $436 thousand and $1.8 million for the quarter and year ended December 31, 2014, respectively. The results for the quarter and year represent an increase of 107.6% and 49.1%, respectively, as compared to the prior year results. Diluted earnings per share were $0.39 and $1.14 for the quarter and year ended December 31, 2015, respectively, compared to $0.19 and $0.77 for the quarter and year ended December 31, 2014, respectively. Total assets were $621.2 million at December 31, 2015, an increase of $86.1 million or 16.1% from December 31, 2014 as net loans increased $64.0 million, while deposits and borrowings increased $82.6 million, including the debt issuance during the fourth quarter 2015 of $10.0 million in subordinated notes due in 2025. WEBK: 20.25 (unch)
Wellesley Bancorp, Inc. Appoints Simon R. Gerlin As Director
PR Newswire - Wed Jan 27, 3:30PM CST
Wellesley Bancorp, Inc. (Nasdaq: WEBK) (the "Company"
, the parent company of Wellesley Bank (the "Bank", today announced that Simon R. Gerlin has been appointed as a member of the Board of Directors of the Company and the Bank. Mr. Gerlin will also serve on the Audit Committee of the Company and the Bank. Mr. Gerlin has been the Chief Financial Officer and Executive Vice President of Finance of MassDevelopment since February 2013. Prior to MassDevelopment, Mr. Gerlin served in executive finance, compliance, and audit roles at Clean Harbors Environmental Services and spent 16 years at PricewaterhouseCoopers LLP. Mr. Gerlin is a certified public accountant and member of the American Institute of CPAs. He received a B.A. degree from Middlebury College and a MBA from Harvard Business School. WEBK: 20.25 (unch)
Wellesley Bancorp, Inc. Reports Results for the Three and Nine Months Ended September 30, 2015
PR Newswire - Thu Oct 29, 3:30PM CDT
Wellesley Bancorp, Inc. (Nasdaq Capital Market: WEBK) (the "Company"
, the holding company for Wellesley Bank (the "Bank" reported net income of $700 thousand and $1.7 million for the three and nine months ended September 30, 2015, respectively, compared to net income of $516 thousand and $1.3 million for the three and nine months ended September 30, 2014, respectively. The results for the three and nine months represent an increase of 35.7% and 30.1%, respectively, as compared to the prior year results. Diluted earnings per share were $0.30 and $0.75 for the quarter and nine months ended September 30, 2015, respectively, compared to $0.22 and $0.58 for the three and nine months ended September 30, 2014, respectively. Total assets were $589.5 million at September 30, 2015, an increase of $54.4 million or 10.2% from December 31, 2014 due to a $58.8 million increase in net loans supported primarily by a $30.5 million increase in deposits. WEBK: 20.25 (unch)
Wellesley Bank announces new office in Newton Centre slated for spring of 2016
PR Newswire - Mon Sep 14, 9:00AM CDT
Wellesley Bank is building on its foundation of financial success and market share growth by unveiling a new office in the heart of Newton Centre scheduled to open in early spring of 2016. The new office is built with sustainable materials and intends to reflect and engage the Newton community with a physical setting that enhances the premier service we provide for our clients' experience.
WEBK: 20.25 (unch)
Wellesley Bancorp, Inc. Declares Quarterly Cash Dividend
PR Newswire - Wed Aug 19, 3:30PM CDT
Wellesley Bancorp, Inc. (Nasdaq Capital Market: WEBK) (the "Company"
, the holding company for Wellesley Bank today announced that on August 19, 2015, its Board of Directors approved a quarterly cash dividend to its stockholders of $0.03 per common share to be paid on September 16, 2015 to stockholders of record as of the close of business on September 2, 2015. WEBK: 20.25 (unch)
Wellesley Bancorp, Inc. Reports Results for the Three and Six Months Ended June 30, 2015
PR Newswire - Wed Jul 29, 3:30PM CDT
Wellesley Bancorp, Inc. (Nasdaq Capital Market: WEBK) (the "Company"
, the holding company for Wellesley Bank (the "Bank" reported net income of $585 thousand and $1.0 million for the three and six months ended June 30, 2015. These results compare to net income of $431 thousand and $825 thousand for the three and six months ended June 30, 2014, respectively. Diluted earnings per share were $0.25 and $0.45 for the three and six months ended June 30, 2015, respectively. For the three and six months ended June 30, 2014, diluted earnings per share were $0.19 and $0.36, respectively. Total assets were $561.9 million at June 30, 2015, an increase of $26.8 million or 5.0% from December 31, 2014 as net loans increased $29.6 million, supported by a $6.2 million increase in deposits and a $16.0 million increase in short-term borrowings. WEBK: 20.25 (unch)
Wellesley Bancorp, Inc. Declares Increased Quarterly Cash Dividend
BusinessWire - Wed May 20, 9:30AM CDT
Wellesley Bancorp, Inc. (Nasdaq Capital Market: WEBK) (the "Company"
, the holding company for Wellesley Bank today announced that on May 20, 2015, its Board of Directors approved a quarterly cash dividend to its stockholders of $0.03 per common share to be paid on June 17, 2015 to stockholders of record as of the close of business on June 3, 2015. The approved dividend represents an increase of 20% over the prior quarter's dividend. WEBK: 20.25 (unch)
Nasdaq stocks posting largest volume decreases
AP - Tue Apr 28, 5:04PM CDT
NEW YORK (AP) — A look at the 10 biggest volume decliners on Nasdaq at the close of trading:
TSBK: 15.05 (-0.18), OPOF: 19.39 (-0.01), QADB: 17.85 (+0.05), ALOT: 15.90 (+0.10), HWBK: 13.68 (-0.02), WEBK: 20.25 (unch), QADA: 19.82 (+0.17), FCCO: 14.08 (+0.12), CHMG: 30.15 (+0.07), MGCD: 6.55 (unch), IKNX: 10.75 (+0.14)
How it All Plays Out: Special Research on Wellesley Bancorp, Orix, PHH Corp, Actua, and Acxiom
PR Newswire - Wed Mar 11, 6:40AM CDT
Editor Note: For more information about this release, please scroll to bottom.
WEBK: 20.25 (unch), PHH: 14.16 (+0.29), ACXM: 22.20 (+0.13), ACTA: 9.24 (+0.14), IX: 65.97 (+2.59)
