Sturgis Bancorp, Inc. operates as the holding company for Sturgis Bank & Trust Company that provides banking products and services to individuals and businesses in Michigan, the United States.
Flawless balance sheet with proven track record.
Share Price & News
How has Sturgis Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: STBI's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: STBI exceeded the US Mortgage industry which returned -20.7% over the past year.
Return vs Market: STBI underperformed the US Market which returned 16.2% over the past year.
Price Volatility Vs. Market
How volatile is Sturgis Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Sturgis Bancorp undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: STBI ($20) is trading above our estimate of fair value ($13.77)
Significantly Below Fair Value: STBI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: STBI is good value based on its PE Ratio (7.8x) compared to the US Mortgage industry average (11.1x).
PE vs Market: STBI is good value based on its PE Ratio (7.8x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate STBI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: STBI is overvalued based on its PB Ratio (1x) compared to the US Mortgage industry average (0.8x).
How is Sturgis Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Sturgis Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Check out Sturgis Bancorp's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on theOTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Sturgis Bancorp's filings and announcementshere.
- Explore growth companies in the Banks industry.
How has Sturgis Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: STBI has high quality earnings.
Growing Profit Margin: STBI's current net profit margins (24.4%) are higher than last year (23.8%).
Past Earnings Growth Analysis
Earnings Trend: STBI's earnings have grown by 19.8% per year over the past 5 years.
Accelerating Growth: STBI's earnings growth over the past year (13.5%) is below its 5-year average (19.8% per year).
Earnings vs Industry: STBI earnings growth over the past year (13.5%) exceeded the Mortgage industry 7.1%.
Return on Equity
High ROE: STBI's Return on Equity (12.5%) is considered low.
How is Sturgis Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: STBI's Assets to Equity ratio (14.1x) is moderate.
Allowance for Bad Loans: STBI has a sufficient allowance for bad loans (424%).
Low Risk Liabilities: 75% of STBI's liabilities are made up of primarily low risk sources of funding.
Loan Level: STBI has an appropriate level of Loans to Assets ratio (65%).
Low Risk Deposits: STBI's Loans to Deposits ratio (92%) is appropriate.
Level of Bad Loans: STBI has an appropriate level of bad loans (0.2%).
What is Sturgis Bancorp current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: STBI's dividend (3.2%) is higher than the bottom 25% of dividend payers in the US market (1.65%).
High Dividend: STBI's dividend (3.2%) is low compared to the top 25% of dividend payers in the US market (4.48%).
Stability and Growth of Payments
Stable Dividend: STBI's dividend payments have been volatile in the past 10 years.
Growing Dividend: STBI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (24%), STBI's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Eric Eishen (54 yo)
Mr. Eric L. Eishen is the President, Chief Executive Officer and Director of Sturgis Bancorp, Inc. and Sturgis Bank and Trust Company. He has been a full time employee of the Sturgis Bank and Trust Company ...
CEO Compensation Analysis
Compensation vs Market: Eric's total compensation ($USD0.00) is below average for companies of similar size in the US market ($USD606.98K).
Compensation vs Earnings: Eric's compensation has been consistent with company performance over the past year.
|Independent Director||5.5yrs||US$24.59k||no data|
|Director||4yrs||no data||no data|
|Director||1.17yrs||no data||no data|
Experienced Board: STBI's board of directors are considered experienced (4.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Sturgis Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Sturgis Bancorp, Inc.
- Ticker: STBI
- Exchange: OTCPK
- Founded: 1905
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: US$40.257m
- Shares outstanding: 2.12m
- Website: https://www.sturgisbank.com
- Sturgis Bancorp, Inc.
- 113-125 East Chicago Road
- PO Box 600
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|STBI||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||Oct 1994|
Sturgis Bancorp, Inc. operates as the holding company for Sturgis Bank & Trust Company that provides banking products and services to individuals and businesses in Michigan, the United States. The company ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/06 00:20|
|End of Day Share Price||2020/08/04 00:00|
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.