Sturgis Bancorp (OTCMKTS:STBI) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Sturgis Bancorp Inc. (OTCMKTS:STBI) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $22.26 and traded as high as $24.50. Sturgis Bancorp shares last traded at $24.50, with a volume of 240 shares changing hands.

Sturgis Bancorp Price Performance

The business’s 50 day moving average price is $22.26 and its 200 day moving average price is $20.76. The firm has a market cap of $53.17 million, a PE ratio of 7.10 and a beta of 0.12.

Sturgis Bancorp (OTCMKTS:STBI) last issued its quarterly earnings results on Thursday, February 26th. The financial services provider reported $0.93 earnings per share for the quarter. The company had revenue of $11.20 million during the quarter.

Sturgis Bancorp Company Profile

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.