Sturgis Bancorp Inc. (OTCMKTS:STBI) Sees Significant Growth in Short Interest

Sturgis Bancorp Inc. (OTCMKTS:STBI) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 79 shares. Based on an average daily volume of 1,550 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Sturgis Bancorp Trading Up 0.3%

STBI stock opened at $29.27 on Friday. The company’s 50 day moving average is $29.20 and its 200 day moving average is $26.16. The stock has a market cap of $63.81 million, a price-to-earnings ratio of 7.05 and a beta of 0.15. Sturgis Bancorp has a 1-year low of $19.95 and a 1-year high of $29.79.

Sturgis Bancorp (OTCMKTS:STBI) last announced its earnings results on Thursday, October 22nd. The financial services provider reported $1.17 earnings per share for the quarter. The company had revenue of $11.72 million during the quarter.

About Sturgis Bancorp

Sturgis Bancorp, Inc is a bank holding company headquartered in Sturgis, Michigan. Through its principal subsidiary, Sturgis Bank, the company provides community banking services to individuals, families, farmers and businesses in southern Michigan and nearby areas.

Sturgis Bank offers deposit products such as checking, savings and certificates of deposit, along with residential mortgage loans, home equity financing, consumer loans and commercial lending. The bank also provides treasury management, online and mobile banking, and other financial services designed to support personal and business customers.

Founded in 1905, Sturgis Bank has a long history of serving communities in southwestern Michigan.