Sturgis Bancorp, Inc. Declares Quarterly Dividend of $0.17 (OTCMKTS:STBI)

Sturgis Bancorp, Inc. (OTCMKTS:STBI) announced a quarterly dividend on Friday, October 18th,NASDAQ Dividends reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.17 per share by the financial services provider on Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Friday, November 15th.

Sturgis Bancorp Price Performance

OTCMKTS:STBI opened at $18.50 on Wednesday. Sturgis Bancorp has a one year low of $15.74 and a one year high of $18.50. The company’s 50-day simple moving average is $17.22 and its 200 day simple moving average is $16.79. The firm has a market capitalization of $39.96 million, a P/E ratio of 75.00 and a beta of 0.42.

Sturgis Bancorp (OTCMKTS:STBI) last issued its earnings results on Friday, October 18th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter. The firm had revenue of $9.40 million during the quarter.

About Sturgis Bancorp

Sturgis Bancorp, Inc operates as the bank holding company for Sturgis Bank & Trust Company that provides banking products and services in Michigan, the United States. The company offers checking, savings and health savings, and money market accounts; and certificates of deposit and individual retirement accounts.