Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC - Get Free Report) declared a quarterly dividend on Wednesday, December 18th,RTT News reports. Stockholders of record on Friday, January 10th will be given a dividend of 0.15 per share by the financial services provider on Friday, January 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.12%.
Southern Michigan Bancorp Price Performance
OTCMKTS:SOMC traded down $0.25 during trading hours on Wednesday, hitting $19.25. 900 shares of the stock traded hands, compared to its average volume of 3,084. The company has a market cap of $87.88 million, a price-to-earnings ratio of 8.56 and a beta of 0.28. Southern Michigan Bancorp has a 1 year low of $15.15 and a 1 year high of $19.50. The stock has a 50 day moving average price of $18.29 and a 200 day moving average price of $17.23. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.29.
Southern Michigan Bancorp (OTCMKTS:SOMC - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The financial services provider reported $0.57 earnings per share (EPS) for the quarter. Southern Michigan Bancorp had a return on equity of 10.19% and a net margin of 12.27%. The company had revenue of $12.57 million for the quarter.
Southern Michigan Bancorp Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider Southern Michigan Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Southern Michigan Bancorp wasn't on the list.
While Southern Michigan Bancorp currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2025 and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
