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

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

Sturgis Bancorp Trading Up 0.3%

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

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

Sturgis Bancorp Company Profile

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.