Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $18.55 and traded as high as $18.75. Southern Michigan Bancorp shares last traded at $18.53, with a volume of 950 shares trading hands.
Southern Michigan Bancorp Price Performance
The company has a 50 day moving average of $18.95 and a two-hundred day moving average of $18.60. The firm has a market cap of $86.83 million, a P/E ratio of 8.22 and a beta of 0.01. 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 posted its quarterly earnings data on Friday, February 14th. The financial services provider reported $0.57 earnings per share for the quarter. Southern Michigan Bancorp had a net margin of 12.29% and a return on equity of 10.30%. The company had revenue of $12.95 million during the quarter.
Southern Michigan Bancorp Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be given a $0.16 dividend. This is a positive change from Southern Michigan Bancorp's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.64 annualized dividend and a yield of 3.41%. Southern Michigan Bancorp's payout ratio is 28.07%.
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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