Short Interest in Sturgis Bancorp, Inc. (OTCMKTS:STBI) Declines By 33.3%

Sturgis Bancorp, Inc. (OTCMKTS:STBI) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totalling 200 shares, a decrease of 33.3% from the March 15th total of 300 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,600 shares, the days-to-cover ratio is currently 0.1 days.

Sturgis Bancorp Stock Performance

Sturgis Bancorp stock opened at $16.95 on Friday. Sturgis Bancorp has a fifty-two week low of $15.74 and a fifty-two week high of $18.50. The stock has a fifty day moving average of $18.06 and a two-hundred day moving average of $17.97. The company has a market capitalization of $36.63 million, a price-to-earnings ratio of 70.63 and a beta of 0.19.

Sturgis Bancorp (OTCMKTS:STBI) last announced its quarterly earnings data on Tuesday, March 4th. The financial services provider reported $0.91 EPS for the quarter. The business had revenue of $9.75 million during the quarter.

Sturgis Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date was Friday, February 14th. Sturgis Bancorp’s dividend payout ratio (DPR) is presently 51.91%.

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.