Sturgis Bancorp (OTCMKTS:STBI) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Sturgis Bancorp Inc. (OTCMKTS:STBI)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $26.43 and traded as high as $29.20. Sturgis Bancorp shares last traded at $28.89, with a volume of 6,043 shares trading hands.

Sturgis Bancorp Stock Down 0.6%

The firm has a market capitalization of $62.69 million, a PE ratio of 7.12 and a beta of 0.17. The company has a 50-day moving average of $26.43 and a 200 day moving average of $24.26.

Sturgis Bancorp (OTCMKTS:STBI) last released its quarterly earnings results on Monday, July 13th. The financial services provider reported $1.16 earnings per share for the quarter. The business had revenue of $10.87 million during the quarter.

About Sturgis Bancorp

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.