Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $18.64 and traded as low as $17.10. Southern Michigan Bancorp shares last traded at $18.50, with a volume of 1,423 shares traded.
Southern Michigan Bancorp Stock Performance
The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.29. The firm's fifty day moving average price is $18.91 and its two-hundred day moving average price is $18.65. The stock has a market capitalization of $85.38 million, a PE ratio of 8.09 and a beta of 0.01.
Southern Michigan Bancorp (OTCMKTS:SOMC - Get Free Report) last announced its quarterly earnings data on Friday, February 14th. The financial services provider reported $0.57 EPS 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 Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, April 4th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, April 4th. This is an increase from Southern Michigan Bancorp's previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a yield of 3.47%. 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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