Sturgis Bancorp (OTCMKTS:STBI) Stock Passes Above 50 Day Moving Average – Time to Sell?

Sturgis Bancorp Inc. (OTCMKTS:STBI) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $24.62 and traded as high as $25.8340. Sturgis Bancorp shares last traded at $25.8340, with a volume of 4,660 shares changing hands.

Sturgis Bancorp Price Performance

The firm has a 50 day simple moving average of $24.62 and a two-hundred day simple moving average of $22.84. The stock has a market cap of $56.06 million, a price-to-earnings ratio of 7.06 and a beta of 0.17.

Sturgis Bancorp (OTCMKTS:STBI) last released its earnings results on Wednesday, April 22nd. The financial services provider reported $0.88 earnings per share for the quarter. The company had revenue of $10.96 million during the quarter.

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.