Sturgis Bancorp (OTCMKTS:STBI) Stock Price Breaks Above 50-Day Moving Average – What’s Next?

Sturgis Bancorp Inc. (OTCMKTS:STBI) shares passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $29.19 and traded as high as $29.79. Sturgis Bancorp shares last traded at $29.4568, with a volume of 1,504 shares traded.

Sturgis Bancorp Stock Performance

The company has a market capitalization of $62.39 million, a PE ratio of 7.08 and a beta of 0.16. The company’s 50-day moving average is $29.18 and its 200 day moving average is $26.63.

Sturgis Bancorp (OTCMKTS:STBI) last posted its quarterly earnings results on Monday, July 13th. The financial services provider reported $1.16 EPS for the quarter. The firm had revenue of $10.87 million for the quarter.

About Sturgis Bancorp

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

Sturgis Bank offers deposit products, including checking, savings, money market and certificate of deposit accounts, as well as commercial, agricultural, mortgage and consumer lending. Its services also include cash management, online and mobile banking, debit cards and other traditional banking solutions.

The bank traces its history to 1905 and has maintained a community-focused operating model.