Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC - Get Free Report) declared a quarterly dividend on Tuesday, March 18th, RTT News reports. Investors of record on Friday, April 4th will be given a dividend of 0.16 per share by the financial services provider on Friday, April 18th. This represents a $0.64 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Friday, April 4th. This is a 6.7% increase from Southern Michigan Bancorp's previous quarterly dividend of $0.15.
Southern Michigan Bancorp Stock Performance
OTCMKTS:SOMC remained flat at $19.00 during trading hours on Friday. The company had a trading volume of 1,776 shares, compared to its average volume of 5,006. The stock has a market cap of $87.99 million, a price-to-earnings ratio of 8.33 and a beta of 0.27. Southern Michigan Bancorp has a 52-week low of $15.60 and a 52-week high of $19.50. 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 stock has a fifty day moving average price of $18.89 and a two-hundred day moving average price of $18.43.
Southern Michigan Bancorp (OTCMKTS:SOMC - Get Free Report) last posted its quarterly earnings results on Friday, February 14th. The financial services provider reported $0.57 earnings per share for the quarter. The firm had revenue of $12.95 million for the quarter. Southern Michigan Bancorp had a return on equity of 10.30% and a net margin of 12.29%.
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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