Southern Michigan Bancorp Inc. (OTCMKTS:SOMC - Get Free Report) declared a quarterly dividend on Tuesday, June 24th, RTT News reports. Investors of record on Monday, July 7th will be given a dividend of 0.16 per share by the financial services provider on Friday, July 18th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.05%.
Southern Michigan Bancorp Stock Performance
Shares of Southern Michigan Bancorp stock remained flat at $21.00 during trading on Friday. The company had a trading volume of 2,301 shares, compared to its average volume of 1,507. The stock has a 50 day moving average of $19.78 and a 200-day moving average of $19.24. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.93 and a quick ratio of 0.93. Southern Michigan Bancorp has a fifty-two week low of $15.60 and a fifty-two week high of $21.45. The firm has a market capitalization of $97.23 million, a PE ratio of 8.94 and a beta of 0.07.
Southern Michigan Bancorp (OTCMKTS:SOMC - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.66 earnings per share (EPS) for the quarter. The business had revenue of $13.28 million during the quarter. Southern Michigan Bancorp had a return on equity of 10.29% and a net margin of 12.52%.
About Southern Michigan Bancorp
(
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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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