Sturgis Bancorp Inc. (OTCMKTS:STBI) Short Interest Update

Sturgis Bancorp Inc. (OTCMKTS:STBI) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 244 shares, an increase of ∞ from the May 14th total of 0 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 2,513 shares, the days-to-cover ratio is currently 0.1 days.

Sturgis Bancorp Price Performance

Shares of STBI opened at $25.75 on Monday. The business has a 50-day simple moving average of $24.84 and a two-hundred day simple moving average of $23.05. The stock has a market cap of $55.88 million, a price-to-earnings ratio of 7.04 and a beta of 0.17. Sturgis Bancorp has a 52 week low of $18.10 and a 52 week high of $26.55.

Sturgis Bancorp (OTCMKTS:STBI) last posted its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.88 EPS for the quarter. The business had revenue of $10.96 million for the quarter.

Sturgis Bancorp Company Profile

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.