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

Sturgis Bancorp, Inc. (OTCMKTS:STBI) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 100 shares, a decline of 75.0% from the August 31st total of 400 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is presently 0.1 days.

Sturgis Bancorp Price Performance

OTCMKTS STBI remained flat at $17.15 on Wednesday. Sturgis Bancorp has a one year low of $15.74 and a one year high of $18.75. The business has a fifty day moving average price of $16.97 and a 200-day moving average price of $16.60. The firm has a market capitalization of $36.87 million, a PE ratio of 14.41 and a beta of 0.42.

Sturgis Bancorp (OTCMKTS:STBI) last posted its quarterly earnings data on Friday, July 19th. The financial services provider reported $0.60 earnings per share for the quarter. The company had revenue of $9.04 million for the quarter.

Sturgis Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, August 15th were paid a $0.17 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.68 annualized dividend and a yield of 3.97%. Sturgis Bancorp’s dividend payout ratio is presently 57.14%.

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.