Short Interest in Sturgis Bancorp, Inc. (OTCMKTS:STBI) Declines By 92.3%

Sturgis Bancorp, Inc. (OTCMKTS:STBI) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a drop of 92.3% from the February 29th total of 1,300 shares. Based on an average trading volume of 4,100 shares, the short-interest ratio is presently 0.0 days.

Sturgis Bancorp Trading Up 0.3 %

Shares of OTCMKTS:STBI traded up $0.05 during trading on Thursday, reaching $16.75. The company’s stock had a trading volume of 1,177 shares, compared to its average volume of 1,367. Sturgis Bancorp has a 12 month low of $15.85 and a 12 month high of $21.75. The firm’s 50 day simple moving average is $17.22 and its two-hundred day simple moving average is $17.80. The stock has a market capitalization of $36.01 million, a PE ratio of 5.90 and a beta of 0.48.

Sturgis Bancorp (OTCMKTS:STBI) last posted its quarterly earnings data on Tuesday, February 27th. The financial services provider reported ($0.16) earnings per share for the quarter. The company had revenue of $8.82 million for the quarter.

Sturgis Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 15th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date was Wednesday, February 14th. Sturgis Bancorp’s dividend payout ratio (DPR) is presently 24.03%.

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.