Short Interest in Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) Drops 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) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 100 shares, a drop of 50.0% from the August 15th total of 200 shares. Based on an average daily volume of 1,100 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company's shares are short sold. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 1,100 shares, the short-interest ratio is currently 0.1 days.

Southern Michigan Bancorp Price Performance

Shares of Southern Michigan Bancorp stock remained flat at $24.99 on Friday. 5 shares of the stock traded hands, compared to its average volume of 568. 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 1 year low of $16.80 and a 1 year high of $25.00. The firm has a market cap of $115.70 million, a PE ratio of 10.00 and a beta of 0.11. The firm has a 50 day moving average of $23.24 and a 200-day moving average of $20.78.

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

Southern Michigan Bancorp Announces Dividend

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

Southern Michigan Bancorp Company Profile

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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