Winchester Bancorp (NASDAQ:WSBK) Posts Quarterly Earnings Results

Winchester Bancorp (NASDAQ:WSBK) announced its quarterly earnings results on Thursday. The company reported $0.14 earnings per share for the quarter, FiscalAI reports. Winchester Bancorp had a net margin of 4.56% and a return on equity of 1.93%. The firm had revenue of $7.36 million during the quarter.

Winchester Bancorp Stock Up 0.1%

Shares of NASDAQ WSBK traded up $0.01 during trading on Thursday, reaching $13.03. 13,887 shares of the stock were exchanged, compared to its average volume of 8,322. The company has a market capitalization of $121.07 million, a price-to-earnings ratio of 36.18 and a beta of -0.42. The business’s 50-day moving average price is $12.94 and its 200 day moving average price is $12.63. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.23. Winchester Bancorp has a twelve month low of $9.19 and a twelve month high of $13.39.

Analyst Ratings Changes

Separately, Weiss Ratings raised Winchester Bancorp from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Winchester Bancorp presently has an average rating of “Sell”.

Insiders Place Their Bets

In other news, Director Stephen Harry Boodakian acquired 2,500 shares of the business’s stock in a transaction on Friday, May 1st. The shares were purchased at an average price of $12.93 per share, for a total transaction of $32,325.00. Following the acquisition, the director directly owned 2,500 shares of the company’s stock, valued at $32,325. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Ingalls Snow III acquired 6,110 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was purchased at an average cost of $12.87 per share, with a total value of $78,635.70. Following the completion of the transaction, the director owned 18,610 shares in the company, valued at $239,510.70. The trade was a 48.88% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have purchased 11,300 shares of company stock valued at $145,336. Company insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Geode Capital Management LLC purchased a new position in Winchester Bancorp in the second quarter valued at about $188,000. Raymond James Financial Inc. purchased a new stake in Winchester Bancorp during the 2nd quarter worth approximately $179,000. Bank of America Corp DE acquired a new position in shares of Winchester Bancorp in the 2nd quarter valued at approximately $91,000. M3 Wealth Management LLC acquired a new position in shares of Winchester Bancorp in the 4th quarter valued at approximately $732,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Winchester Bancorp by 77.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 19,127 shares of the company’s stock valued at $200,000 after buying an additional 8,377 shares during the last quarter.

Winchester Bancorp Company Profile

Winchester Bancorp, Inc is the bank holding company for The Winchester Bank, a community bank headquartered in Winchester, New Hampshire. Established in 1871, the company operates under a state charter and has a long-standing commitment to serving the financial needs of individuals, families and businesses across its regional footprint.

The company offers a comprehensive suite of banking products and services, including commercial and consumer lending, real-estate and construction financing, deposit accounts, cash management, and treasury services.