Sturgis Bancorp (OTCMKTS:STBI) Posts Quarterly Earnings Results

Sturgis Bancorp (OTCMKTS:STBI) posted its earnings results on Tuesday. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, Zacks reports.

Sturgis Bancorp Trading Down 0.3 %

OTCMKTS:STBI traded down $0.05 during midday trading on Tuesday, hitting $18.25. 1,000 shares of the stock were exchanged, compared to its average volume of 4,033. The company has a market capitalization of $39.40 million, a price-to-earnings ratio of 76.04 and a beta of 0.43. Sturgis Bancorp has a one year low of $15.74 and a one year high of $18.50. The business has a 50-day moving average price of $18.24 and a two-hundred day moving average price of $17.76.

Sturgis Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.73%. The ex-dividend date is Friday, February 14th. Sturgis Bancorp’s payout ratio is currently 283.33%.

Sturgis Bancorp Company Profile

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.