Sturgis Bancorp (OTCMKTS:STBI) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Sturgis Bancorp, Inc. (OTCMKTS:STBI) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $17.77 and traded as high as $18.70. Sturgis Bancorp shares last traded at $18.30, with a volume of 3,008 shares changing hands.

Sturgis Bancorp Stock Performance

The stock has a market cap of $39.55 million, a P/E ratio of 76.25 and a beta of 0.24. The stock has a 50-day moving average price of $17.77 and a 200-day moving average price of $18.03.

Sturgis Bancorp (OTCMKTS:STBI) last issued its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. The business had revenue of $9.89 million for the quarter.

Sturgis Bancorp Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 16th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a dividend yield of 3.78%. Sturgis Bancorp’s dividend payout ratio (DPR) is presently 23.45%.

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.