Sturgis Bancorp (OTCMKTS:STBI) Releases Earnings Results

Sturgis Bancorp (OTCMKTS:STBI) announced its earnings results on Tuesday. The financial services provider reported $0.91 earnings per share for the quarter, Zacks reports. The business had revenue of $9.75 million for the quarter.

Sturgis Bancorp Price Performance

STBI opened at $18.30 on Thursday. Sturgis Bancorp has a 1-year low of $15.74 and a 1-year high of $18.50. The stock has a market cap of $39.51 million, a P/E ratio of 76.25 and a beta of 0.43. The stock’s 50 day simple moving average is $18.25 and its 200 day simple moving average is $17.77.

Sturgis Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.68 annualized dividend and a yield of 3.72%. Sturgis Bancorp’s payout ratio is currently 283.33%.

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.