Noteworthy Ownership Action: Institutional Investors Are Buying Westbank Corp (NASDAQ:WBKC)

November 22, 2016 - By Pete Kolinski   ·   0 Comments

Noteworthy Ownership Action: Institutional Investors Are Buying Westbank Corp (NASDAQ:WBKC)

Sentiment for Westbank Corp (NASDAQ:WBKC)

Westbank Corp (NASDAQ:WBKC) institutional sentiment decreased to 1.5 in 2016 Q2. Its down -0.17, from 1.67 in 2016Q1. The ratio dropped, as 5 investment professionals increased or started new positions, while 3 cut down and sold their holdings in Westbank Corp. The investment professionals in our partner’s database now possess: 544,260 shares, down from 1.08 million shares in 2016Q1. Also, the number of investment professionals holding Westbank Corp in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 1 Increased: 4 New Position: 1.

Wolverine Bancorp, Inc. is a savings and loan holding firm of Wolverine Bank , which is a subsidiary of the Company. The company has a market cap of $56.80 million. The Bank is a federally chartered savings bank. It has a 12.64 P/E ratio. 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.

The stock increased 1.95% or $0.52 on November 21, hitting $27.05. WOLVERINE BANCORP, INC. (NASDAQ:WBKC) has risen 4.42% since April 20, 2016 and is uptrending. It has underperformed by 0.13% the S&P500.

Raffles Associates Lp holds 1.7% of its portfolio in WOLVERINE BANCORP, INC. for 65,700 shares. Firefly Value Partners Lp owns 196,176 shares or 0.77% of their US portfolio. Moreover, Maltese Capital Management Llc has 0.6% invested in the company for 189,423 shares. The New York-based Arbiter Partners Capital Management Llc has invested 0.05% in the stock. Hutchin Hill Capital Lp, a New York-based fund reported 43,000 shares.#img1#

WBKC Company Profile

Wolverine Bancorp, Inc., incorporated on October 8, 2010, is a savings and loan holding firm 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. The Company’s business consists of taking deposits from the general public and investing those deposits, together with funds generated from activities 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.

More important recent WOLVERINE BANCORP, INC. (NASDAQ:WBKC) news were published by: Mlive.com which released: “Dow executive named to Wolverine Bancorp Board of Directors” on October 03, 2011, also Mlive.com published article titled: “Saginaw News On the Move: Ungerleider elected to Wolverine Bancorp board”, Mlive.com published: “Saginaw News On the Move: Wolverine Bancorp elects board” on July 15, 2011. More interesting news about WOLVERINE BANCORP, INC. (NASDAQ:WBKC) was released by: Mlive.com and their article: “Midland County business awards, promotions at Dow Chemical, Wolverine Bank and …” with publication date: May 26, 2015.

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By Pete Kolinski


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