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

Winchester Bancorp, Inc./MD/'s (NASDAQ:WSBK - Get Free Report) 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 for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration 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 1.7%

WSBK stock traded down $0.16 during midday trading on Friday, reaching $9.25. 23,351 shares of the company's stock traded hands, compared to its average volume of 66,752. 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 purchased 25,000 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was acquired at an average price of $9.77 per share, for a total transaction of $244,250.00. Following the completion of the purchase, the chief executive officer now owns 25,000 shares in the company, valued at approximately $244,250. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Preston Hood purchased 10,000 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was bought at an average price of $9.68 per share, with a total value of $96,800.00. Following the purchase, 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 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.