Sturgis Bancorp Inc. (OTCMKTS:STBI) Sees Significant Growth in Short Interest

Sturgis Bancorp Inc. (OTCMKTS:STBI) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 79 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,550 shares, the short-interest ratio is presently 0.1 days.

Sturgis Bancorp Price Performance

Shares of OTCMKTS STBI opened at $29.27 on Friday. Sturgis Bancorp has a 12-month low of $19.95 and a 12-month high of $29.79. The company has a market capitalization of $63.81 million, a PE ratio of 7.07 and a beta of 0.15. The firm’s 50-day moving average is $29.20 and its two-hundred day moving average is $26.16.

Sturgis Bancorp (OTCMKTS:STBI) last issued its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $1.17 earnings per share for the quarter. The business had revenue of $11.72 million for the quarter.

Sturgis Bancorp Company Profile

Sturgis Bancorp, Inc is a bank holding company headquartered in Sturgis, Michigan. Through its principal subsidiary, Sturgis Bank, the company provides community banking services to individuals, families, farmers and businesses in southern Michigan and nearby areas.

Sturgis Bank offers deposit products such as checking, savings and certificates of deposit, along with residential mortgage loans, home equity financing, consumer loans and commercial lending. The bank also provides treasury management, online and mobile banking, and other financial services designed to support personal and business customers.

Founded in 1905, Sturgis Bank has a long history of serving communities in southwestern Michigan.