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

Sturgis Bancorp Inc. (OTCMKTS:STBI) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 194 shares, an increase of 19,300.0% from the June 15th total of 1 shares. Based on an average daily volume of 2,413 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Sturgis Bancorp Stock Performance

OTCMKTS:STBI traded down $0.42 during mid-day trading on Friday, reaching $28.55. The stock had a trading volume of 650 shares, compared to its average volume of 3,266. The firm has a 50 day moving average price of $25.86 and a two-hundred day moving average price of $23.87. The stock has a market capitalization of $61.95 million, a P/E ratio of 7.80 and a beta of 0.17. Sturgis Bancorp has a one year low of $18.25 and a one year high of $28.97.

Sturgis Bancorp (OTCMKTS:STBI) last issued 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.