Southern Michigan Bancorp (OTCMKTS:SOMC) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Southern Michigan Bancorp, Inc. (OTCMKTS:SOMCGet Free Report)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $17.21 and traded as high as $19.50. Southern Michigan Bancorp shares last traded at $19.50, with a volume of 600 shares changing hands.

Southern Michigan Bancorp Stock Up 1.3 %

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 is $18.25 and its 200 day moving average is $17.21. The stock has a market cap of $89.12 million, a P/E ratio of 8.67 and a beta of 0.28.

Southern Michigan Bancorp (OTCMKTS:SOMCGet Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.57 earnings per share for the quarter. The business had revenue of $12.57 million during the quarter. Southern Michigan Bancorp had a return on equity of 10.19% and a net margin of 12.27%.

Southern Michigan Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, October 9th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $0.60 annualized dividend and a dividend yield of 3.08%. Southern Michigan Bancorp’s payout ratio is 26.67%.

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.

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