How have SOMC shares performed in 2024?

Southern Michigan Bancorp's stock was trading at $15.90 on January 1st, 2024. Since then, SOMC stock has increased by 6.9% and is now trading at $17.00. View the best growth stocks for 2024 here .

Are investors shorting Southern Michigan Bancorp?

Southern Michigan Bancorp saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 100 shares, a decrease of 75.0% from the February 29th total of 400 shares. Based on an average daily trading volume, of 4,900 shares, the days-to-cover ratio is currently 0.0 days. View Southern Michigan Bancorp's Short Interest .

When is Southern Michigan Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024. View our SOMC earnings forecast .

How were Southern Michigan Bancorp's earnings last quarter?

Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) announced its earnings results on Monday, February, 12th. The financial services provider reported $0.54 EPS for the quarter. The financial services provider had revenue of $12.41 million for the quarter. Southern Michigan Bancorp had a trailing twelve-month return on equity of 11.76% and a net margin of 14.88%.

How often does Southern Michigan Bancorp pay dividends? What is the dividend yield for Southern Michigan Bancorp?

Southern Michigan Bancorp announced a quarterly dividend on Tuesday, March 26th. Shareholders of record on Friday, April 5th will be paid a dividend of $0.15 per share on Friday, April 19th. This represents a $0.60 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Thursday, April 4th. This is an increase from the stock's previous quarterly dividend of $0.14. Read our dividend analysis for SOMC .

Is Southern Michigan Bancorp a good dividend stock?

Southern Michigan Bancorp (OTCMKTS:SOMC) pays an annual dividend of $0.60 per share and currently has a dividend yield of 3.53%. The dividend payout ratio is 25.00%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for SOMC .

What other stocks do shareholders of Southern Michigan Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Southern Michigan Bancorp investors own include Macatawa Bank (MCBC) , McDermott International (MDR) , ABM Industries (ABM) , Boeing (BA) , Blueberries Medical (BBM) , BankFinancial (BFIN) , Berkshire Hills Bancorp (BHLB) , BioMarin Pharmaceutical (BMRN) , Cambridge Bancorp (CATC) and Cintas (CTAS) .

How do I buy shares of Southern Michigan Bancorp?

Shares of SOMC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

OTCMKTS:SOMC

Southern Michigan Bancorp (SOMC) Stock Price, News & Analysis

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$17.00

0.00 (0.00%)

(As of 04/16/2024 ET)

Compare

Today's Range: $16.75
▼
$17.00
50-Day Range: $16.55
▼
$18.00
52-Week Range: $15.15
▼
$20.50

Volume: 900 shs
Average Volume: 4,093 shs
Market Capitalization: $77.86 million

P/E Ratio: 6.98
Dividend Yield: 3.53%
Price Target: N/A

Stock Analysis Chart Dividend Earnings Financials Headlines SEC Filings Short Interest

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About Southern Michigan Bancorp Stock (OTCMKTS:SOMC)

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. The company also provides home mortgages and equity loans, home equity lines of credit, VA and FHA home loans, USDA rural development loans, and auto/personal loans; business loans, such as lines of credit, term loans, commercial real estate loans, commercial and industrial loans, agriculture loans, letters of credit, small business administration loans, and capital access loans; industrial, construction, real estate, and inventory loans; and consumer lending products comprising direct and indirect loans to purchasers of residential real property and consumer goods. In addition, it offers trust and investment services that include investment management, trustee, IRA rollovers and retirement plan, institutional and personal custody, estate settlement, wealth management, estate and wealth transfer planning assistance, charitable gift planning assistance, and cash management custody services; and safe deposit box and automated teller machine services. Further, the company provides online and mobile banking, bill pay, e-statements, health savings account, ACH, wire transfer, remote deposit capture, insurance, and merchant services, as well as ATM, debit, credit, and gift cards. The company was founded in 1871 and is based in Coldwater, Michigan.

SOMC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SOMC Stock News Headlines

April 4, 2024 | seekingalpha.com

SOMC Southern Michigan Bancorp, Inc.

April 1, 2024 | msn.com

More than 50 million are under severe weather threat from Texas to Virginia with possible tornadoes, large hail and damaging wind gusts

April 16, 2024 | Paradigm Press (Ad)

Biden out June 13; Kamala won’t replace him?

On November 16, 2023… Joe Biden accidentally revealed the name of the candidate… Who will replace him in the 2024 presidential election.

March 29, 2024 | news.yahoo.com

This Week in Dayton History: Dynamite bombs found, Stop-N-Go stores and more stories to remember

March 26, 2024 | globenewswire.com

Southern Michigan Bancorp, Inc. Announces Increase in Quarterly Dividend

February 20, 2024 | finance.yahoo.com

Southern Michigan Bancorp, Inc. Announces Fourth Quarter and Full Year 2023 Earnings

February 12, 2024 | seekingalpha.com

Southern Michigan GAAP EPS of $0.54, revenue of $12.41M

January 22, 2024 | finance.yahoo.com

Southern Michigan Bancorp, Inc. Declares Cash Dividend

April 16, 2024 | Paradigm Press (Ad)

Biden out June 13; Kamala won’t replace him?

On November 16, 2023… Joe Biden accidentally revealed the name of the candidate… Who will replace him in the 2024 presidential election.

December 14, 2023 | wsj.com

Bancorp Southern Indiana

November 28, 2023 | msn.com

Couple pleads guilty to stealing $30K from southern Ohio school booster club

October 25, 2023 | finance.yahoo.com

Southern Michigan Bancorp, Inc. Announces Third Quarter 2023 Earnings

July 26, 2023 | finance.yahoo.com

Southern Michigan Bancorp, Inc. Announces Second Quarter 2023 Earnings

June 16, 2023 | finance.yahoo.com

SOMC - Southern Michigan Bancorp, Inc.

May 2, 2023 | markets.businessinsider.com

Analysts Offer Insights on Financial Companies: Southern Missouri Bancorp (SMBC), Centerspace (CSR) and Midland States Bancrop (MSBI)

April 26, 2023 | finance.yahoo.com

Southern Michigan Bancorp, Inc. Announces First Quarter 2023 Earnings

April 13, 2023 | bizjournals.com

Huntington tops regional J.D. Power customer survey; here's where other Cincinnati banks rank

March 24, 2023 | omaha.com

After rough patch, Big Ten hits stride again

March 22, 2023 | omaha.com

Bland: Big Ten baseball back on the rise after nonconference play

February 28, 2023 | usatoday.com

Norfolk Southern train derails in southeast Michigan; investigation ongoing

February 15, 2023 | finance.yahoo.com

Southern Michigan Bancorp, Inc., Announces Fourth Quarter and Full Year 2022 Earnings

January 25, 2023 | finanznachrichten.de

Sturgis Bancorp, Inc.: Sturgis Bancorp Reports Earnings for 2022

January 17, 2023 | chicago.suntimes.com

Smattering of ice fishing goes around Chicago as does perch fishing on southern Lake Michigan

December 8, 2022 | finance.yahoo.com

Andrew Mercer Joins Southern Michigan Bancorp, Inc. Board of Directors

October 26, 2022 | finance.yahoo.com

Southern Michigan Bancorp, Inc. Announces Third Quarter 2022 Earnings

September 12, 2022 | omaha.com

Nebraska football coaching hot board: 21 candidates for the job

September 8, 2022 | yahoo.com

J.J. McCarthy ready for his first Michigan football start

See More Headlines

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Company Calendar

Ex-Dividend for 1/19 Dividend: 1/04/2024
Dividend Payable: 1/19/2024
Last Earnings: 2/12/2024
Ex-Dividend for 4/19 Dividend: 4/04/2024
Today: 4/16/2024
Dividend Payable: 4/19/2024
Next Earnings (Estimated): 4/24/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Sector: Finance
Industry: State commercial banks
Sub-Industry: N/A
Current Symbol: OTCMKTS:SOMC
Previous Symbol: NASDAQ:SOMC
CUSIP: N/A
CIK: 703699
Web: www.smb-t.com
Phone: (800) 379-7628
Fax: N/A
Employees: 171
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $2.40
Trailing P/E Ratio: 6.98
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $10.90 million
Net Margins: 14.88%
Pretax Margin: 18.21%
Return on Equity: 11.76%
Return on Assets: 0.78%

Debt

Debt-to-Equity Ratio: 1.45
Current Ratio: 0.93
Quick Ratio: 0.93

Sales & Book Value

Annual Sales: $73.31 million
Price / Sales: 1.06
Cash Flow: $3.02 per share
Price / Cash Flow: 5.62
Book Value: $21.61 per share
Price / Book: 0.79

Miscellaneous

Outstanding Shares: 4,580,000
Free Float: N/A
Market Cap: $77.86 million
Optionable: Not Optionable
Beta: 0.28

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Key Executives

Ms. Danice L. Chartrand (Age 57)
Senior VP, Accounting Director & Secretary
Comp: $173.97k
Mr. John R. Waldron
President, CEO & Director
Mr. Kevin A. Twardy (Age 57)
Senior VP, CFO & Treasurer
Mr. Eric M. Anglin
Executive VP, COO & Chief Strategy Officer
Mr. Aaron L. Lewis
Executive VP & Chief Credit Officer
Mr. Nicholas M. Grabowski
Executive VP & Chief Lending Officer

Key Competitors

View All Competitors

SOMC Stock Analysis - Frequently Asked Questions

How have SOMC shares performed in 2024?: Southern Michigan Bancorp's stock was trading at $15.90 on January 1st, 2024. Since then, SOMC stock has increased by 6.9% and is now trading at $17.00.
View the best growth stocks for 2024 here.
Are investors shorting Southern Michigan Bancorp?: Southern Michigan Bancorp saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 100 shares, a decrease of 75.0% from the February 29th total of 400 shares. Based on an average daily trading volume, of 4,900 shares, the days-to-cover ratio is currently 0.0 days.
View Southern Michigan Bancorp's Short Interest.
When is Southern Michigan Bancorp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our SOMC earnings forecast.
How were Southern Michigan Bancorp's earnings last quarter?: Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) announced its earnings results on Monday, February, 12th. The financial services provider reported $0.54 EPS for the quarter. The financial services provider had revenue of $12.41 million for the quarter. Southern Michigan Bancorp had a trailing twelve-month return on equity of 11.76% and a net margin of 14.88%.

How often does Southern Michigan Bancorp pay dividends? What is the dividend yield for Southern Michigan Bancorp?: Southern Michigan Bancorp announced a quarterly dividend on Tuesday, March 26th. Shareholders of record on Friday, April 5th will be paid a dividend of $0.15 per share on Friday, April 19th. This represents a $0.60 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Thursday, April 4th. This is an increase from the stock's previous quarterly dividend of $0.14.
Read our dividend analysis for SOMC.
Is Southern Michigan Bancorp a good dividend stock?: Southern Michigan Bancorp (OTCMKTS:SOMC) pays an annual dividend of $0.60 per share and currently has a dividend yield of 3.53%. The dividend payout ratio is 25.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for SOMC.
What other stocks do shareholders of Southern Michigan Bancorp own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Southern Michigan Bancorp investors own include Macatawa Bank (MCBC), McDermott International (MDR), ABM Industries (ABM), Boeing (BA), Blueberries Medical (BBM), BankFinancial (BFIN), Berkshire Hills Bancorp (BHLB), BioMarin Pharmaceutical (BMRN), Cambridge Bancorp (CATC) and Cintas (CTAS).
How do I buy shares of Southern Michigan Bancorp?: Shares of SOMC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:SOMC) was last updated on 4/16/2024 by MarketBeat.com Staff

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