(NASDAQ:WBKC) shares saw light trading volume with 0 shares changing hands on Tuesday. Trading volume was down 100.00% under the stocks average daily volume.
Investors are feeling more bearish on shares of the company of late if you evaluate the uptick in short interest. The stock realized a rise in short interest from September 29, 2017 to October 13, 2017 of 57.51%. Short interest grew from 1,925 to 3,032 over that timeframe. With short interest at 3,032 and short average daily volume at 2,486, days to cover is 1.0 and the percentage of shorted shares was 0.00% on October 13.
Here is a rundown on some insider market activity for Wolverine Bancorp, Inc. (NASDAQ:WBKC). COO Rick A. Rosinski disclosed the purchase of 202 shares. The shares were bought on August 14th for an average price of $39.89. Rosinski now owns $409,152 of the stock according to the SEC filing. David H. Dunn, President and CEO bought $24,652 worth of shares at an average price of $39.89 on Mon the 14th. That brings the President and CEO’s holdings to $1,249,993 as reported to the SEC.
These firms have modified their investment in WBKC. As of the end of the quarter Stilwell Value LLC had sold 33,311 shares trimming its stake by 16.5%. The value in dollars increased from $6,588,000 to $6,776,000 increasing 2.9% since the last quarter. Tower Research Capital LLC (trc) divested its investment by selling 239 shares a decrease of 70.3% as of 06/30/2017. Tower Research Capital LLC (trc) now holds 101 shares with a value of $4,000. The total value of its holdings decreased 63.6%.
As of quarter end Ubs Group Ag had disposed of a total of 381 shares trimming its holdings by 57.1%. The value of the investment in WBKC went from $22,000 to $11,000 a change of $11,000 quarter over quarter. As of quarter end Chicago Capital Management, LLC had acquired a total of 17,700 shares growing its position 145.2%. The value of the investment in Wolverine Bancorp, Inc. increased from $489,000 to $1,285,000 a change of 162.8% for the reporting period.
The company is now unchanged by 0.00% percent from yesterday’s close. The company also recently declared a dividend for shareholders that was paid on Monday the 14th of August 2017. The dividend was $0.200 per share for the quarter or $0.80 on an annualized basis. The dividend yield was $1.93. The ex-dividend date was set for Thursday the 27th of July 2017.
It is currently trading at $43.50 barely above the 50 day moving average of $41.58 and impressively higher than the 200 day moving average of $37.27. The 50 day moving average was up $1.92 and the 200 day average was up $6.23.
The company’s P/E ratio is 18.19 and the market value is 85.13M.
Wolverine Bancorp, Inc., launched on October 8, 2010, 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 involved 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. Its business consists of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in commercial real estate loans, including multi-family loans and land loans, one- to four-family residential mortgage loans, construction loans, and home equity loans and lines of credit. It offers alternative banking delivery systems, including automated teller machines (ATMs), online banking, remote deposit capture, telephone banking and mobile banking delivery systems..