Winchester Bancorp, Inc./MD/’s Quiet Period Set To Expire Tomorrow (NASDAQ:WSBK)

Winchester Bancorp, Inc./MD/’s (NASDAQ:WSBK) quiet period will 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 for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Winchester Bancorp, Inc./MD/ Stock Down 1.0%

Shares of NASDAQ:WSBK opened at $9.16 on Tuesday. Winchester Bancorp, Inc./MD/ has a 1-year low of $8.91 and a 1-year high of $10.10.

Insiders Place Their Bets

In other news, Director William Preston Hood purchased 10,000 shares of the stock in a transaction dated Wednesday, May 7th. The stock was acquired at an average price of $9.68 per share, for a total transaction of $96,800.00. Following the completion of the transaction, the director now owns 35,000 shares of the company’s stock, valued at approximately $338,800. The trade was a 40.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John A. Carroll purchased 25,000 shares of the stock in a transaction dated Monday, May 5th. The shares were purchased at an average price of $9.77 per share, with a total value of $244,250.00. Following the transaction, the chief executive officer now directly owns 25,000 shares of the company’s stock, valued at approximately $244,250. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here.

Winchester Bancorp, Inc./MD/ Company Profile

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.