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

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

Sturgis Bancorp Stock Performance

OTCMKTS:STBI traded up $0.10 during mid-day trading on Friday, hitting $17.25. 1,400 shares of the company’s stock traded hands, compared to its average volume of 602. The company has a market cap of $37.09 million, a PE ratio of 14.41 and a beta of 0.42. The firm’s 50 day simple moving average is $16.97 and its 200 day simple moving average is $16.60. Sturgis Bancorp has a 1 year low of $15.74 and a 1 year high of $18.75.

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

Sturgis Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 15th were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.68 annualized dividend and a dividend yield of 3.94%. Sturgis Bancorp’s dividend payout ratio is currently 57.14%.

About Sturgis Bancorp

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.