Western Standard LLC Has $582,000 Position in Wolverine Bancorp, Inc. (WBKC)
Western Standard LLC continued to hold its stake in Wolverine Bancorp, Inc. (NASDAQ:WBKC) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,500 shares of the bank’s stock at the end of the 2nd quarter. Wolverine Bancorp accounts for approximately 0.8% of Western Standard LLC’s portfolio, making the stock its 28th largest position. Western Standard LLC owned about 0.69% of Wolverine Bancorp worth $582,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of WBKC. Vanguard Group Inc. bought a new position in shares of Wolverine Bancorp during the 2nd quarter worth $243,000. Seizert Capital Partners LLC increased its stake in shares of Wolverine Bancorp by 5.2% during the second quarter. Seizert Capital Partners LLC now owns 14,433 shares of the bank’s stock valued at $579,000 after buying an additional 709 shares during the period. Kassirer Asset Management Corp purchased a new position in shares of Wolverine Bancorp during the second quarter valued at $802,000. Context BH Capital Management LP purchased a new position in shares of Wolverine Bancorp during the second quarter valued at $874,000. Finally, K2 Principal Fund L.P. purchased a new position in shares of Wolverine Bancorp during the second quarter valued at $1,008,000. Institutional investors and hedge funds own 35.87% of the company’s stock.
Wolverine Bancorp, Inc. (NASDAQ:WBKC) remained flat at $43.00 during mid-day trading on Wednesday. 185 shares of the stock traded hands. Wolverine Bancorp, Inc. has a 52-week low of $26.14 and a 52-week high of $43.50. The company has a 50-day moving average price of $40.60 and a 200-day moving average price of $36.55. The stock has a market cap of $84.15 million and a P/E ratio of 17.98.
Wolverine Bancorp Profile
Wolverine Bancorp, Inc is a savings and loan holding company of Wolverine Bank (the Bank), which is a subsidiary of the Company. The Bank is a federally chartered savings bank. The Bank is engaged in providing financial services primarily to individuals, families and businesses in the Great Lakes Bay Region of Michigan and to a lesser extent across Michigan through over two banking offices located in Midland, Michigan, and through its banking office in Frankenmuth, which is located in Saginaw County.
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