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

Sturgis Bancorp, Inc. (OTCMKTS:STBI) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 300 shares, an increase of 200.0% from the February 28th total of 100 shares. Based on an average trading volume of 5,700 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Sturgis Bancorp Stock Performance

OTCMKTS:STBI opened at $18.05 on Friday. The company has a market cap of $38.97 million, a price-to-earnings ratio of 75.21 and a beta of 0.44. The stock’s fifty day moving average price is $18.21 and its two-hundred day moving average price is $17.89. Sturgis Bancorp has a 52-week low of $15.74 and a 52-week high of $18.50.

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

Sturgis Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend was Friday, February 14th. Sturgis Bancorp’s dividend payout ratio (DPR) is presently 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.