Short Interest in Sturgis Bancorp, Inc. (OTCMKTS:STBI) Decreases By 50.0%

Sturgis Bancorp, Inc. (OTCMKTS:STBI) saw a significant drop in short interest during 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 trading volume of 3,300 shares, the days-to-cover ratio is presently 0.0 days.

Sturgis Bancorp Trading Down 2.2 %

STBI stock traded down $0.40 during midday trading on Friday, hitting $17.85. 310 shares of the company’s stock were exchanged, compared to its average volume of 1,298. The business has a 50-day simple moving average of $17.53 and a two-hundred day simple moving average of $16.92. Sturgis Bancorp has a 1-year low of $15.74 and a 1-year high of $18.50. The stock has a market capitalization of $38.56 million, a PE ratio of 74.38 and a beta of 0.42.

Sturgis Bancorp (OTCMKTS:STBI) last released 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 firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 15th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.81%. The ex-dividend date is Friday, November 15th. 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.