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

Sturgis Bancorp, Inc. (OTCMKTS:STBI)’s share price 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 trading hands.

Sturgis Bancorp Trading Up 0.8%

The stock has a market capitalization of $39.55 million, a PE ratio of 76.25 and a beta of 0.24. The firm 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 announced its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.67 earnings per share for the quarter. The firm had revenue of $9.89 million during the quarter.

Sturgis Bancorp Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 16th were issued a $0.17 dividend. This represents a yield of 3.78%. The ex-dividend date was Thursday, May 15th. Sturgis Bancorp’s dividend payout ratio (DPR) is currently 23.45%.

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.