Sturgis Bancorp (OTCMKTS:STBI) Share Price Passes Above 50-Day Moving Average – Here’s Why

by · The Markets Daily

Sturgis Bancorp, Inc. (OTCMKTS:STBI – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $17.84 and traded as high as $18.05. Sturgis Bancorp shares last traded at $18.05, with a volume of 110 shares trading hands.

Sturgis Bancorp Stock Performance

The business’s 50-day moving average is $17.86 and its two-hundred day moving average is $17.11. The stock has a market capitalization of $38.93 million, a PE ratio of 75.21 and a beta of 0.43.

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

Sturgis Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 15th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.77%. Sturgis Bancorp’s dividend payout ratio (DPR) is presently 283.33%.

About Sturgis Bancorp

(Get Free Report)

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.

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