Sturgis Bancorp (OTCMKTS:STBI) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Sturgis Bancorp Inc. (OTCMKTS:STBI) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $24.62 and traded as high as $25.8340. Sturgis Bancorp shares last traded at $25.8340, with a volume of 4,660 shares.

Sturgis Bancorp Stock Performance

The firm has a market capitalization of $56.06 million, a P/E ratio of 7.06 and a beta of 0.17. The business has a 50 day simple moving average of $24.62 and a two-hundred day simple moving average of $22.84.

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