Southern Michigan Bancorp (OTCMKTS:SOMC) Issues Quarterly Earnings Results

Southern Michigan Bancorp (OTCMKTS:SOMC) released its quarterly earnings data on Friday. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $12.95 million for the quarter. Southern Michigan Bancorp had a return on equity of 10.19% and a net margin of 12.27%.

Southern Michigan Bancorp Price Performance

Shares of SOMC opened at $19.20 on Friday. The firm has a market cap of $87.74 million, a PE ratio of 8.42 and a beta of 0.27. 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 has a fifty day simple moving average of $19.03 and a two-hundred day simple moving average of $18.07. Southern Michigan Bancorp has a 1-year low of $15.60 and a 1-year high of $19.50.

Southern Michigan Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.60 annualized dividend and a yield of 3.13%. Southern Michigan Bancorp’s dividend payout ratio (DPR) is presently 26.67%.

About Southern Michigan Bancorp

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.