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

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

Winchester Bancorp, Inc./MD/'s (NASDAQ:WSBK - Get Free Report) quiet period will end on Wednesday, June 11th. Winchester Bancorp, Inc./MD/ had issued 3,997,012 shares in its IPO on May 2nd. The total size of the offering was $39,970,120 based on an initial share price of $10.00. During the company's quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates 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 Performance

Winchester Bancorp, Inc./MD/ stock traded up $0.05 during mid-day trading on Thursday, hitting $9.41. The company had a trading volume of 34,376 shares, compared to its average volume of 68,623. Winchester Bancorp, Inc./MD/ has a 12-month low of $8.91 and a 12-month high of $10.10.

Insiders Place Their Bets

In other Winchester Bancorp, Inc./MD/ news, Director William Preston Hood purchased 10,000 shares of the stock in a transaction on Wednesday, May 7th. The shares were bought 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 $338,800. This trade represents a 40.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO John A. Carroll purchased 25,000 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was bought at an average cost of $9.77 per share, for a total transaction of $244,250.00. Following the purchase, the chief executive officer now directly owns 25,000 shares in the company, valued at $244,250. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here.

About Winchester Bancorp, Inc./MD/

(Get Free Report)

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.

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