Sturgis Bancorp (OTCMKTS:STBI) Releases Quarterly Earnings Results

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

Sturgis Bancorp Trading Down 0.3 %

OTCMKTS:STBI traded down $0.05 during trading hours on Tuesday, hitting $18.25. 1,000 shares of the stock traded hands, compared to its average volume of 4,033. The firm has a market cap of $39.40 million, a price-to-earnings ratio of 76.04 and a beta of 0.43. Sturgis Bancorp has a fifty-two week low of $15.74 and a fifty-two week high of $18.50. The firm has a 50 day moving average price of $18.24 and a 200 day moving average price of $17.76.

Sturgis Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.73%. Sturgis Bancorp’s dividend 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.