Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC - Get Free Report)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.71 and traded as low as $16.70. Southern Michigan Bancorp shares last traded at $16.80, with a volume of 3,764 shares.
Southern Michigan Bancorp Price Performance
The company has a debt-to-equity ratio of 1.45, a current ratio of 0.93 and a quick ratio of 0.93. The firm's 50 day moving average is $17.43 and its 200 day moving average is $16.70. The firm has a market cap of $76.94 million, a P/E ratio of 7.00 and a beta of 0.28.
Southern Michigan Bancorp (OTCMKTS:SOMC - Get Free Report) last issued its earnings results on Monday, February 12th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter. The business had revenue of $12.41 million during the quarter. Southern Michigan Bancorp had a net margin of 14.88% and a return on equity of 11.76%.
Southern Michigan Bancorp Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This is a boost from Southern Michigan Bancorp's previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 3.57%. Southern Michigan Bancorp's payout ratio is 25.00%.
About Southern Michigan Bancorp
(
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.
Further Reading
Before you consider Southern Michigan Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Southern Michigan Bancorp wasn't on the list.
While Southern Michigan Bancorp currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
