Sturgis Bancorp (OTCMKTS:STBI) Posts Quarterly Earnings Results

Sturgis Bancorp (OTCMKTS:STBI) issued its quarterly earnings results on Thursday. The financial services provider reported $0.93 earnings per share for the quarter, Zacks reports.

Sturgis Bancorp Price Performance

OTCMKTS:STBI traded up $0.45 on Thursday, hitting $23.45. 622 shares of the company’s stock were exchanged, compared to its average volume of 1,750. The firm has a 50-day moving average price of $21.69 and a 200-day moving average price of $20.41. Sturgis Bancorp has a 52 week low of $16.75 and a 52 week high of $23.45. The company has a market cap of $50.84 million, a P/E ratio of 6.84 and a beta of 0.13.

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.