Sturgis Bancorp, Inc. (OTCMKTS:STBI) declared a quarterly dividend on Thursday, January 17th, Zacks reports. Shareholders of record on Friday, February 15th will be paid a dividend of 0.15 per share by the financial services provider on Friday, March 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend is Thursday, February 14th.
Shares of OTCMKTS STBI remained flat at $$20.35 on Friday. 1,000 shares of the company’s stock were exchanged, compared to its average volume of 784. Sturgis Bancorp has a fifty-two week low of $18.30 and a fifty-two week high of $23.00. The company has a market capitalization of $42.82 million, a P/E ratio of 9.78 and a beta of 0.04.
Sturgis Bancorp (OTCMKTS:STBI) last announced its earnings results on Wednesday, January 16th. The financial services provider reported $0.57 earnings per share for the quarter. The business had revenue of $5.06 million for the quarter.
Sturgis Bancorp, Inc, a financial holding company, through its subsidiary, Sturgis Bank & Trust, provides banking products and services to individuals and businesses in the United States. The company offers checking, savings, money market, and sweep accounts; and certificates of deposit and individual retirement accounts.
See Also: Coverage Ratio
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