Sturgis Bancorp Inc. (OTCMKTS:STBI) Sees Significant Decrease in Short Interest

Sturgis Bancorp Inc. (OTCMKTS:STBI) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 1 shares, a decline of 99.6% from the May 31st total of 244 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 35,039 shares, the short-interest ratio is presently 0.0 days.

Sturgis Bancorp Stock Up 1.6%

Shares of OTCMKTS STBI traded up $0.42 during midday trading on Thursday, reaching $26.42. 225 shares of the company were exchanged, compared to its average volume of 3,454. The stock has a market cap of $57.33 million, a P/E ratio of 7.22 and a beta of 0.17. The stock’s 50-day moving average price is $25.24 and its 200-day moving average price is $23.41. Sturgis Bancorp has a one year low of $18.10 and a one year high of $26.55.

Sturgis Bancorp (OTCMKTS:STBI) last announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.88 EPS for the quarter. The company had revenue of $10.96 million for the quarter.

About Sturgis Bancorp

Sturgis Bancorp, Inc is the bank holding company for Sturgis Bank & Trust, a community-oriented financial institution headquartered in Sturgis, Michigan. Through its wholly owned subsidiary, the company offers a full suite of banking services tailored to the needs of individuals, families and local businesses. Its primary focus is on providing personalized banking solutions that reflect its deep roots in southwestern Michigan.

The company’s product lineup includes traditional deposit accounts such as checking, savings and money market accounts, alongside certificates of deposit.