How does STBI's PE Ratio compare to its peers?

STBI is expensive based on its Price-To-Earnings Ratio (18.7x) compared to the peer average (9.6x).

How does STBI's PE Ratio compare vs other companies in the US Banks Industry?

STBI is expensive based on its Price-To-Earnings Ratio (18.7x) compared to the US Banks industry average (12.1x).

What is STBI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate STBI's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of STBI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

STBI ($18.25) is trading below our estimate of [[fair value]] ($49.83)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

STBI Stock Overview

Operates as the bank holding company for Sturgis Bank & Trust Company that provides banking products and services in Michigan, the United States. More details

STBI fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	1/6
Financial Health	4/6
Dividends	4/6

Rewards

Trading at 63.4% below our estimate of its fair value

Pays a reliable dividend of 3.73%

Risk Analysis

Earnings have declined by 1.7% per year over past 5 years

Profit margins (6.4%) are lower than last year (20.9%)

Does not have a meaningful market cap ($39M)

My Notes

Capture your thoughts, links and company narrative

Sturgis Bancorp, Inc. Competitors

Citizens Financial

OTCPK:CIWV

US$45.7m

Redwood Capital Bancorp

OTCPK:RWCB

US$41.9m

Cincinnati Bancorp

OTCPK:CNNB

US$38.0m

Endeavor Bancorp

OTCPK:EDVR

US$42.6m

Price History & Performance

Summary of share price highs, lows and changes for Sturgis Bancorp
Historical stock prices
Current Share Price	US$18.25
52 Week High	US$18.50
52 Week Low	US$15.74
Beta	0.42
1 Month Change	0%
3 Month Change	6.10%
1 Year Change	1.39%
3 Year Change	-9.88%
5 Year Change	-14.72%
Change since IPO	242.19%

Recent updates

Shareholder Returns

	STBI	US Banks	US Market
7D	0.6%	0.4%	-0.5%
1Y	1.4%	33.2%	23.2%

Return vs Industry: STBI underperformed the US Banks industry which returned 33.2% over the past year.

Return vs Market: STBI underperformed the US Market which returned 23.2% over the past year.

Price Volatility

Is STBI's price volatile compared to industry and market?
STBI volatility
STBI Average Weekly Movement	2.4%
Banks Industry Average Movement	5.2%
Market Average Movement	6.4%
10% most volatile stocks in US Market	18.6%
10% least volatile stocks in US Market	3.2%

Stable Share Price: STBI has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: STBI's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1905	n/a	Jason Hyska	www.sturgis.bank

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. It also provides mortgage, automobile, savings secured, personal, home equity, equipment and machinery, government supported, and commercial real estate loans, as well as home equity lines of credit and business lines of credit; and credit cards.

Sturgis Bancorp, Inc. Fundamentals Summary

How do Sturgis Bancorp's earnings and revenue compare to its market cap?
STBI fundamental statistics
Market cap	US$39.36m
Earnings (TTM)	US$2.10m
Revenue (TTM)	US$32.61m

18.7x

P/E Ratio

0.7x

P/B Ratio

Is STBI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
STBI income statement (TTM)
Revenue	US$32.61m
Cost of Revenue	US$0
Gross Profit	US$32.61m
Other Expenses	US$30.51m
Earnings	US$2.10m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.97
Gross Margin	100.00%
Net Profit Margin	6.45%
Debt/Equity Ratio	149.4%

How did STBI perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

70%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/10 03:04
End of Day Share Price	2025/01/10 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Sturgis Bancorp, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution