Sturgis Bancorp (OTCMKTS:STBI) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Sturgis Bancorp, Inc. (OTCMKTS:STBI)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $18.23 and traded as high as $18.35. Sturgis Bancorp shares last traded at $18.30, with a volume of 3,851 shares traded.

Sturgis Bancorp Stock Up 0.1 %

The business’s fifty day moving average is $18.23 and its 200 day moving average is $17.73. The firm has a market capitalization of $39.53 million, a price-to-earnings ratio of 76.25 and a beta of 0.43.

Sturgis Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, February 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.72%. Sturgis Bancorp’s payout ratio is 283.33%.

About Sturgis Bancorp

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.