Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC - Get Free Report) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 200 shares, a growth of 100.0% from the January 15th total of 100 shares. Based on an average daily volume of 3,400 shares, the short-interest ratio is presently 0.1 days.
Southern Michigan Bancorp Price Performance
OTCMKTS SOMC remained flat at $19.20 on Wednesday. 2,364 shares of the company's stock traded hands, compared to its average volume of 5,955. Southern Michigan Bancorp has a fifty-two week low of $15.60 and a fifty-two week high of $19.50. The business has a 50-day moving average of $19.02 and a two-hundred day moving average of $18.12. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market capitalization of $87.74 million, a PE ratio of 8.42 and a beta of 0.27.
Southern Michigan Bancorp (OTCMKTS:SOMC - Get Free Report) last issued its earnings results on Friday, February 14th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter. The company had revenue of $12.95 million during the quarter. Southern Michigan Bancorp had a return on equity of 10.30% and a net margin of 12.29%.
Southern Michigan Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were issued a $0.15 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.60 dividend on an annualized basis and a yield of 3.13%. Southern Michigan Bancorp's payout ratio is 26.32%.
Southern Michigan Bancorp Company Profile
(
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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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