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OTCMKTS:SOMC

Southern Michigan Bancorp (SOMC) Stock Price, News & Analysis

Southern Michigan Bancorp logo
$18.70 +0.15 (+0.81%)
(As of 11/20/2024 ET)

About Southern Michigan Bancorp Stock (OTCMKTS:SOMC)

Key Stats

Today's Range
$18.70
$18.70
50-Day Range
$16.89
$18.70
52-Week Range
$15.15
$18.70
Volume
2,000 shs
Average Volume
2,546 shs
Market Capitalization
$85.27 million
P/E Ratio
8.31
Dividend Yield
3.21%
Price Target
N/A
Consensus Rating
N/A

Company Overview

Southern Michigan Bancorp, Inc. operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest Michigan communities. Its deposit products include interest and non-interest checking, savings, and various types of money market accounts; time, savings, and demand deposits; and certificates of deposit and IRAs. The company also provides home mortgages and equity loans, home equity lines of credit, VA and FHA home loans, USDA rural development loans, and auto/personal loans; business loans, such as lines of credit, term loans, commercial real estate loans, commercial and industrial loans, agriculture loans, letters of credit, small business administration loans, and capital access loans; industrial, construction, real estate, and inventory loans; and consumer lending products comprising direct and indirect loans to purchasers of residential real property and consumer goods. In addition, it offers trust and investment services that include investment management, trustee, IRA rollovers and retirement plan, institutional and personal custody, estate settlement, wealth management, estate and wealth transfer planning assistance, charitable gift planning assistance, and cash management custody services; and safe deposit box and automated teller machine services. Further, the company provides bill pay, e-statements, ACH, wire transfer, remote deposit capture, and insurance services, as well as ATM, debit, credit, and gift cards. The company was founded in 1871 and is based in Coldwater, Michigan.

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SOMC Stock News Headlines

Southern Michigan Bancorp, Inc. Declares Cash Dividend
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SOMC Southern Michigan Bancorp, Inc.
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SOMC Stock Analysis - Frequently Asked Questions

Southern Michigan Bancorp's stock was trading at $15.90 at the start of the year. Since then, SOMC shares have increased by 17.6% and is now trading at $18.70.
View the best growth stocks for 2024 here
.

Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) posted its earnings results on Wednesday, October, 23rd. The financial services provider reported $0.57 earnings per share (EPS) for the quarter. The financial services provider had revenue of $12.57 million for the quarter. Southern Michigan Bancorp had a net margin of 12.27% and a trailing twelve-month return on equity of 10.19%.

Shares of SOMC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Southern Michigan Bancorp investors own include Macatawa Bank (MCBC), McDermott International (MDR), ABM Industries (ABM), Boeing (BA), Blueberries Medical (BBM), BankFinancial (BFIN) and Berkshire Hills Bancorp (BHLB).

Company Calendar

Ex-Dividend for 10/18 Dividend
10/09/2024
Dividend Payable
10/18/2024
Last Earnings
10/23/2024
Today
11/21/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Banking
Current Symbol
OTCMKTS:SOMC
Previous Symbol
NASDAQ:SOMC
Fax
N/A
Employees
173
Year Founded
N/A

Profitability

Net Income
$10.90 million
Pretax Margin
15.78%

Debt

Sales & Book Value

Annual Sales
$73.31 million
Cash Flow
$3.05 per share
Book Value
$21.61 per share

Miscellaneous

Free Float
N/A
Market Cap
$85.27 million
Optionable
Not Optionable
Beta
0.26
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This page (OTCMKTS:SOMC) was last updated on 11/21/2024 by MarketBeat.com Staff
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