Sturgis Bancorp Inc. (STBI) news stock charts
Sturgis Bancorp Inc. (STBI/STBI.OB) Investment Summary:
Sturgis Bancorp, Inc. operates as the holding company of Sturgis Bank & Trust Company, which primarily engages in accepting savings deposits from the general public and making single family mortgage loans, as well as consumer and commercial loans. The bank’s savings programs include passbook and statement accounts, NOW accounts, Super NOW accounts, money-market accounts, and fixed-rate and fixed-term certificates of deposit. Its lending activities include mortgage loans on residential properties, mortgage loans on commercial properties, commercial nonmortgage loans, and consumer loans. The bank invests in various liquid assets, including short-term United States Treasury obligations and secu...STURGIS BANCORP INC (STBI:OTC Bulletin Board Market)
Snapshot of STURGIS BANCORP INC (STBI)
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OPEN
$6.69
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PREVIOUS CLOSE
$6.69
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DAY HIGH
$6.69
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DAY LOW
$6.69
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52 WEEK HIGH
03/19/09 - $8.10
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52 WEEK LOW
07/28/09 - $6.50
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MARKET CAP
13.5M
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AVERAGE VOLUME 10 D
1.1K
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EPS TTM
$0.49
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SHARES OUTSTANDING
2.0M
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EX-DATE
02/10/10
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P/E TTM
13.7x
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DIVIDEND
$0.12
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DIVIDEND YIELD
4.48%
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| K = Thousands M = Millions B = Billions | ||
Key developments for STURGIS BANCORP INC (STBI)
Sturgis Bancorp Inc. announced that its board of directors has declared a cash dividend of $0.03 per common share, payable March 15, 2010 to stockholders of record February 15, 2010.
Sturgis Bancorp Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2009. For the quarter, the companys net income decreased to a loss of $199,000 or $0.10 basic per share from income of $565,000 or $0.28 basic per share for the year-earlier quarter. Net interest income decreased 5.0% to $2,420,000 from $2,548,000 in fourth quarter of 2008. The decrease chiefly reflects the decrease in average interest earning assets for the quarters to $337.9 million in 2009 from $356.4 million in 2008. Total interest income was $4,042,000 compared to $5,049,000 for the same period last year. Net interest income -after provision for loan losses was $1,726,000 compared to $2,327,000 for the same period last year. Negative return on average equity was 3.07% compared to positive return on average equity of 8.92% for the same period last year. Negative return on average assets was 0.21% compared to positive return on average assets of 0.57% for the same period last year. Income -before income tax expense was $1,208,000 compared to $2,902,000 for the same period last year. For the year, the companys net income decreased to $915,000 or $0.45 basic per share from $2,306,000 or $1.13 basic per share for 2008. The decreases from 2008 were primarily due to higher provisions for loan losses and a significant increase in FDIC premiums. Net interest income decreased 4.9% to $9,738,000 from $10,244,000 for 2008. The decrease is primarily due to the reduction in the tax equivalent net interest margin to 2.82% in 2009 from 3.07% in 2008. Total interest income was $17,296,000 compared to $20,483,000 for the same period last year. Net interest income -after provision for loan losses was $7,204,000 compared to $9,755,000 for the same period last year. Return on average equity was 3.55% compared to 9.14% for the same period last year. Return on average assets was 0.24% compared to 0.62% for the same period last year. Income before income tax expense was $1,208,000 compared to $2,902,000 for the same period last year.
Sturgis Bancorp Inc. announced that its Board of Directors has declared a cash dividend of $0.03 per common share, payable on December 15, 2009 to stockholders of record November 30, 2009.
Sturgis Bancorp Inc. financial resources
STBI Competitors
| Company | Last | Change | |
| No competitor information is available for STBI. | |||
| Market data is delayed at least 15 minutes. | |||
Industry Analysis
| Valuation | STBI | Industry Range |
| Price/Earnings | 14.9x |
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| Price/Sales | 1.0x |
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| Price/Book | 0.5x |
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| Price/Cash Flow | 14.7x |
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| TEV/Sales | NM | Not Meaningful |
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STBI |
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STBI transactions
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| No transactions in the last 6 months. | ||
More Recent Financial News About Sturgis Bancorp Inc.
Sturgis Bancorp, Inc. Announces Cash Dividend
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Sturgis Bancorp Reports Earnings for 2009
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Sturgis Bancorp, Inc. Announces Cash Dividend
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Sturgis Bancorp Reports Earnings for 2009
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Sturgis Bancorp, Inc. Announces Cash Dividend
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Sturgis Bancorp Reports Earnings for Q3 2009
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