Sturgis Bancorp, Inc. (OTCMKTS:STBI) Short Interest Update

Sturgis Bancorp, Inc. (OTCMKTS:STBI) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 200 shares, a decrease of 33.3% from the March 15th total of 300 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 1,600 shares, the days-to-cover ratio is presently 0.1 days.

Sturgis Bancorp Price Performance

OTCMKTS:STBI remained flat at $17.95 during trading hours on Thursday. The company had a trading volume of 5 shares, compared to its average volume of 3,396. The business’s 50 day moving average is $18.11 and its two-hundred day moving average is $17.98. The company has a market cap of $38.79 million, a PE ratio of 74.79 and a beta of 0.19. Sturgis Bancorp has a twelve month low of $15.74 and a twelve month high of $18.50.

Sturgis Bancorp (OTCMKTS:STBI) last announced its quarterly earnings data on Tuesday, March 4th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter. The business had revenue of $9.75 million during the quarter.

Sturgis Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.68 annualized dividend and a yield of 3.79%. Sturgis Bancorp’s payout ratio is 51.91%.

Sturgis Bancorp Company Profile

Sturgis Bancorp, Inc operates as the bank holding company for Sturgis Bank & Trust Company that provides banking products and services in Michigan, the United States. The company offers checking, savings and health savings, and money market accounts; and certificates of deposit and individual retirement accounts.