Sturgis Bancorp (OTCMKTS:STBI) Issues Earnings Results

Sturgis Bancorp (OTCMKTS:STBI) announced its earnings results on Wednesday. The financial services provider reported $0.88 earnings per share for the quarter, Zacks reports.

Sturgis Bancorp Stock Up 2.4%

STBI traded up $0.58 during mid-day trading on Wednesday, reaching $24.58. 575 shares of the company traded hands, compared to its average volume of 1,290. The stock has a market capitalization of $53.34 million, a P/E ratio of 7.12 and a beta of 0.11. The company’s fifty day moving average price is $23.58 and its 200-day moving average price is $21.73. Sturgis Bancorp has a 52-week low of $16.75 and a 52-week high of $25.00.

About Sturgis Bancorp

Sturgis Bancorp, Inc is the bank holding company for Sturgis Bank & Trust, a community-oriented financial institution headquartered in Sturgis, Michigan. Through its wholly owned subsidiary, the company offers a full suite of banking services tailored to the needs of individuals, families and local businesses. Its primary focus is on providing personalized banking solutions that reflect its deep roots in southwestern Michigan.

The company’s product lineup includes traditional deposit accounts such as checking, savings and money market accounts, alongside certificates of deposit.