Sturgis Bancorp Inc. (OTCMKTS:STBI – Get Free Report) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 1 shares, a decrease of 99.6% from the May 31st total of 244 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 35,039 shares, the days-to-cover ratio is currently 0.0 days.
Sturgis Bancorp Stock Up 1.6%
STBI stock traded up $0.42 during mid-day trading on Thursday, reaching $26.42. 225 shares of the stock traded hands, compared to its average volume of 3,454. Sturgis Bancorp has a 52 week low of $18.10 and a 52 week high of $26.55. The business has a 50-day moving average of $25.24 and a two-hundred day moving average of $23.41. The firm has a market capitalization of $57.33 million, a PE ratio of 7.22 and a beta of 0.17.
Sturgis Bancorp (OTCMKTS:STBI – Get Free Report) last released its earnings results on Wednesday, April 22nd. The financial services provider reported $0.88 earnings per share for the quarter. The firm 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.
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