In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Wolverine Bancorp Inc. (NASDAQ:WBKC) reported that Stilwell Joseph has picked up 146,470 of common stock as of 2017-07-06.
The acquisition brings the aggregate amount owned by Stilwell Joseph to a total of 146,470 representing a 7.0% stake in the company.
For those not familiar with the company, 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. 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, and home equity loans and lines of credit. It offers alternative banking delivery systems, including automated teller machines, remote deposit capture, telephone banking and mobile banking delivery systems.
A glance at Wolverine Bancorp Inc. (NASDAQ:WBKC)’s key stats reveals a current market capitalization of $83.87 Million based on $2.11 Million shares outstanding and a price at last close of $39.83 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-01-19, Rosinski picked up 475 at a purchase price of $32.24. This brings their total holding to 10,055 as of the date of the filing.
On the sell side, the most recent transaction saw Blackhurst unload 1,604 shares at a sale price of $25.50. This brings their total holding to 5,106.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an Wolverine Bancorp Inc. (NASDAQ:WBKC) as things move forward to see if its progress aligns with these transactions.
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