Winchester Bancorp, Inc./MD/’s (NASDAQ:WSBK) Quiet Period Will Expire on June 11th

Winchester Bancorp, Inc./MD/’s (NASDAQ:WSBK) quiet period is set to expire on Wednesday, June 11th. Winchester Bancorp, Inc./MD/ had issued 3,997,012 shares in its public offering on May 2nd. The total size of the offering was $39,970,120 based on an initial share price of $10.00. During Winchester Bancorp, Inc./MD/’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Winchester Bancorp, Inc./MD/ Price Performance

Shares of Winchester Bancorp, Inc./MD/ stock opened at $9.25 on Friday. Winchester Bancorp, Inc./MD/ has a fifty-two week low of $8.91 and a fifty-two week high of $10.10.

Insider Buying and Selling

In related news, CEO John A. Carroll acquired 25,000 shares of the business’s stock in a transaction dated Monday, May 5th. The shares were acquired at an average cost of $9.77 per share, for a total transaction of $244,250.00. Following the acquisition, the chief executive officer now directly owns 25,000 shares in the company, valued at approximately $244,250. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William Preston Hood bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 7th. The stock was bought at an average cost of $9.68 per share, for a total transaction of $96,800.00. Following the completion of the transaction, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $338,800. The trade was a 40.00% increase in their position. The disclosure for this purchase can be found here.

About Winchester Bancorp, Inc./MD/

Winchester Bancorp, MHC will be formed as the Massachusetts-chartered mutual holding company of Winchester Bancorp, Inc in connection with the reorganization of Winchester Savings Bank into the “two-tier”mutual holding company form of organization. Upon completion of the reorganization and offering, Winchester Bancorp, MHC will own 55% of Winchester Bancorp, Inc’s common stock.