Sturgis Bancorp (OTCMKTS:STBI) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Sturgis Bancorp Inc. (OTCMKTS:STBI)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $20.28 and traded as high as $20.77. Sturgis Bancorp shares last traded at $20.77, with a volume of 1,000 shares trading hands.

Sturgis Bancorp Stock Performance

The business’s 50 day moving average price is $20.30 and its two-hundred day moving average price is $19.30. The company has a market capitalization of $45.07 million, a price-to-earnings ratio of 6.06 and a beta of 0.13.

Sturgis Bancorp (OTCMKTS:STBI) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $1.09 earnings per share for the quarter. The company had revenue of $10.75 million during 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.