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

Sturgis Bancorp, Inc. (OTCMKTS:STBI) was the recipient of a large 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 days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Sturgis Bancorp Price Performance

STBI stock traded down $0.05 during midday trading on Friday, hitting $18.00. The company’s stock had a trading volume of 210 shares, compared to its average volume of 3,440. The company’s fifty day moving average price is $18.21 and its 200 day moving average price is $17.89. Sturgis Bancorp has a twelve month low of $15.74 and a twelve month high of $18.50. The stock has a market capitalization of $38.86 million, a P/E ratio of 75.00 and a beta of 0.44.

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

Sturgis Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, February 14th. This represents a $0.68 dividend on an annualized basis and a yield of 3.78%. Sturgis Bancorp’s payout ratio is 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.