Sturgis Bancorp (OTCMKTS:STBI – Get Free Report) released its quarterly earnings results on Tuesday. The financial services provider reported $1.09 earnings per share for the quarter, Zacks reports. The business had revenue of $10.75 million for the quarter.
Sturgis Bancorp Stock Performance
Shares of OTCMKTS STBI opened at $20.99 on Thursday. Sturgis Bancorp has a fifty-two week low of $16.75 and a fifty-two week high of $21.00. The firm has a market capitalization of $45.55 million, a PE ratio of 6.12 and a beta of 0.14. The stock’s 50-day simple moving average is $19.29 and its 200-day simple moving average is $18.52.
Sturgis Bancorp Dividend Announcement
The firm also recently announced a dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 18th were given a dividend of $0.17 per share. This represents a dividend yield of 360.0%. The ex-dividend date of this dividend was Friday, August 15th. Sturgis Bancorp’s dividend payout ratio (DPR) is 19.83%.
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.
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