Sturgis Bancorp (OTCMKTS:STBI) Share Price Crosses Below 200 Day Moving Average of $21.02

Shares of Sturgis Bancorp, Inc. (OTCMKTS:STBIGet Rating) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.02 and traded as low as $19.55. Sturgis Bancorp shares last traded at $19.55, with a volume of 882 shares.

Sturgis Bancorp Price Performance

The company has a market cap of $41.84 million, a P/E ratio of 6.02 and a beta of 0.44. The business has a 50-day moving average price of $20.61 and a two-hundred day moving average price of $20.99.

Sturgis Bancorp (OTCMKTS:STBIGet Rating) last announced its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter. The business had revenue of $8.86 million during the quarter.

Sturgis Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Monday, May 15th will be paid a $0.17 dividend. The ex-dividend date is Friday, May 12th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.48%. Sturgis Bancorp’s dividend payout ratio (DPR) is presently 20.92%.

About Sturgis Bancorp

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Sturgis Bancorp, Inc is a bank holding company of Sturgis Bank & Trust Company, which engages in accepting deposits from the general public and making single family mortgage loans, as well as consumer and commercial loans. It operates through the following portfolio segments: Commercial, Commercial Real Estate and Commercial Construction, Consumer, Residential and Residential Construction, and Home Equity.

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