Shares of Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $16.75 and traded as high as $17.89. Southern Michigan Bancorp shares last traded at $17.82, with a volume of 601 shares.
Southern Michigan Bancorp Price Performance
The stock has a market capitalization of $81.63 million, a price-to-earnings ratio of 7.65 and a beta of 0.27. The stock's 50 day simple moving average is $17.19 and its 200-day simple moving average is $16.75. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.93 and a quick ratio of 0.93.
Southern Michigan Bancorp (OTCMKTS:SOMC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.55 earnings per share for the quarter. The business had revenue of $12.02 million for the quarter. Southern Michigan Bancorp had a return on equity of 10.64% and a net margin of 12.88%.
Southern Michigan Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, October 9th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.37%. Southern Michigan Bancorp's payout ratio is presently 25.75%.
About Southern Michigan Bancorp
(
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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.
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