Sturgis Bancorp (OTCMKTS:STBI) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Sturgis Bancorp, Inc. (OTCMKTS:STBI)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.65 and traded as high as $18.45. Sturgis Bancorp shares last traded at $18.30, with a volume of 5,005 shares.

Sturgis Bancorp Price Performance

The stock’s fifty day simple moving average is $18.23 and its two-hundred day simple moving average is $17.67. The company has a market capitalization of $39.53 million, a price-to-earnings ratio of 76.04 and a beta of 0.43.

Sturgis Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend is Friday, February 14th. Sturgis Bancorp’s dividend payout ratio (DPR) is 283.33%.

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.