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

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.

Key Stats

• Today's Range: $19.25 to $19.25
• 50-Day Range: $17.35 to $19.50
• 52-Week Range: $15.50 to $19.50
• Volume: N/A
• Average Volume: 3,063 shs
• Market Capitalization: $87.88 million
• P/E Ratio: 8.56
• Dividend Yield: 3.12%
• Price Target: N/A
• Consensus Rating: N/A

SOMC Stock Analysis - Frequently Asked Questions

How have SOMC shares performed this year?

Southern Michigan Bancorp's stock was trading at $15.90 at the beginning of 2024. Since then, SOMC shares have increased by 21.1% and is now trading at $19.25.
View the best growth stocks for 2024 here.

How were Southern Michigan Bancorp's earnings last quarter?

Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) posted its quarterly earnings results on Wednesday, October, 23rd. The financial services provider reported $0.57 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%.

How do I buy shares of Southern Michigan Bancorp?

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.
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What other stocks do shareholders of Southern Michigan Bancorp own?

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: 12/22/2024
• Fiscal Year End: 12/31/2024
• Ex-Dividend for 1/24 Dividend: 1/10/2025
• Dividend Payable: 1/24/2025

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Banking
• Current Symbol: OTCMKTS:SOMC
• Previous Symbol: NASDAQ:SOMC
• CUSIP: N/A
• CIK: 703699
• Web: www.smb-t.com
• Phone: (800) 379-7628
• Fax: N/A
• Employees: 173
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $2.25
• Trailing P/E Ratio: 8.56
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $10.90 million
• Net Margins: 12.27%
• Pretax Margin: 15.78%
• Return on Equity: 10.19%
• Return on Assets: 0.70%

Debt

• Debt-to-Equity Ratio: 1.29
• Current Ratio: 0.93
• Quick Ratio: 0.93

Sales & Book Value

• Annual Sales: $73.31 million
• Price / Sales: 1.20
• Cash Flow: $3.02 per share
• Price / Cash Flow: 6.37
• Book Value: $21.61 per share
• Price / Book: 0.89

Miscellaneous

• Outstanding Shares: 4,565,000
• Free Float: N/A
• Market Cap: $87.88 million
• Optionable: Not Optionable
• Beta: 0.28