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

Sturgis Bancorp, Inc. (OTCMKTS:STBI) saw a significant decline in short interest in November. As of November 15th, there was short interest totalling 100 shares, a decline of 50.0% from the October 31st total of 200 shares. Based on an average daily trading volume, of 3,300 shares, the short-interest ratio is currently 0.0 days.

Sturgis Bancorp Stock Down 2.2 %

STBI traded down $0.40 on Thursday, hitting $17.85. The company had a trading volume of 310 shares, compared to its average volume of 1,442. The business’s fifty day simple moving average is $17.53 and its 200 day simple moving average is $16.92. Sturgis Bancorp has a 12-month low of $15.74 and a 12-month high of $18.50. The company has a market cap of $38.56 million, a PE ratio of 74.38 and a beta of 0.42.

Sturgis Bancorp (OTCMKTS:STBI) last released its earnings results on Friday, October 18th. The financial services provider reported $0.72 earnings per share for the quarter. The business had revenue of $9.40 million for the quarter.

Sturgis Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 15th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.68 dividend on an annualized basis and a yield of 3.81%. Sturgis Bancorp’s payout ratio is 283.33%.

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.