ValuEngine Upgrades Sturgis Bancorp (OTCMKTS:STBI) to Hold

Sturgis Bancorp (OTCMKTS:STBI) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Wednesday, ValuEngine reports.

OTCMKTS STBI traded down $0.60 during trading hours on Wednesday, reaching $21.75. The company’s stock had a trading volume of 300 shares, compared to its average volume of 1,710. The firm has a fifty day simple moving average of $21.32 and a 200-day simple moving average of $22.05. The stock has a market cap of $47.55 million, a P/E ratio of 9.64 and a beta of 0.25. Sturgis Bancorp has a 52 week low of $19.80 and a 52 week high of $32.20.

Sturgis Bancorp (OTCMKTS:STBI) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $0.65 earnings per share for the quarter. The business had revenue of $5.50 million for the quarter.

Sturgis Bancorp Company Profile

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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