Short Interest in Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) Decreases By 50.0%

Key Points

• Short interest in Southern Michigan Bancorp Inc. dropped by 50% in August, totaling only 100 shares, indicating a shift in investor sentiment.
• The company reported a quarterly earnings per share of $0.70 and a revenue of $14.45 million, with a net margin of 13.02%.
• Southern Michigan Bancorp declared a quarterly dividend of $0.16, resulting in an annualized yield of 2.6% with a dividend payout ratio of 25.60%.

Southern Michigan Bancorp Inc. (OTCMKTS:SOMC - Get Free Report) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 100 shares, a decline of 50.0% from the August 15th total of 200 shares. Based on an average daily volume of 1,100 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company's stock are sold short. Currently, 0.0% of the company's stock are sold short. Based on an average daily volume of 1,100 shares, the days-to-cover ratio is currently 0.1 days.

Southern Michigan Bancorp Stock Performance

Shares of OTCMKTS SOMC remained flat at $24.99 during mid-day trading on Friday. The company had a trading volume of 40 shares, compared to its average volume of 515. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.94 and a current ratio of 0.94. Southern Michigan Bancorp has a one year low of $17.00 and a one year high of $25.00. The company has a market capitalization of $115.60 million, a P/E ratio of 10.00 and a beta of 0.11. The stock has a 50 day moving average of $23.53 and a two-hundred day moving average of $20.93.

Southern Michigan Bancorp (OTCMKTS:SOMC - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The financial services provider reported $0.70 EPS for the quarter. Southern Michigan Bancorp had a net margin of 13.02% and a return on equity of 10.51%. The firm had revenue of $14.45 million for the quarter.

Southern Michigan Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, July 7th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.6%. Southern Michigan Bancorp's payout ratio is currently 25.60%.

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.