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

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

Sturgis Bancorp Stock Performance

Shares of Sturgis Bancorp stock remained flat at $17.85 on Friday. 1,276 shares of the stock traded hands, compared to its average volume of 1,440. Sturgis Bancorp has a fifty-two week low of $15.74 and a fifty-two week high of $18.50. The company has a market cap of $38.56 million, a P/E ratio of 74.38 and a beta of 0.42. The stock’s 50-day moving average is $17.54 and its 200-day moving average is $16.93.

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

Sturgis Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, November 15th. This represents a $0.68 annualized dividend and a yield of 3.81%. Sturgis Bancorp’s dividend payout ratio (DPR) is currently 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.