Short Interest in Sturgis Bancorp, Inc. (OTCMKTS:STBI) Grows By 200.0%

Sturgis Bancorp, Inc. (OTCMKTS:STBI) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 300 shares, a growth of 200.0% from the February 28th total of 100 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 5,700 shares, the short-interest ratio is currently 0.1 days.

Sturgis Bancorp Stock Down 0.3 %

OTCMKTS:STBI traded down $0.05 during mid-day trading on Thursday, reaching $18.05. 300 shares of the stock were exchanged, compared to its average volume of 3,506. The stock has a market capitalization of $38.97 million, a P/E ratio of 75.21 and a beta of 0.44. The company has a 50 day simple moving average of $18.22 and a 200-day simple moving average of $17.89. Sturgis Bancorp has a 1 year low of $15.74 and a 1 year high of $18.50.

Sturgis Bancorp (OTCMKTS:STBI) last announced its earnings results 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 business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.68 dividend on an annualized basis and a yield of 3.77%. Sturgis Bancorp’s payout ratio is 51.91%.

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.