Southern Michigan Bancorp Inc. (OTCMKTS:SOMC - Get Free Report) announced a quarterly dividend on Tuesday, June 24th, RTT News reports. Shareholders of record on Monday, July 7th will be paid a dividend of 0.16 per share by the financial services provider on Friday, July 18th. This represents a $0.64 annualized dividend and a yield of 3.05%.
Southern Michigan Bancorp Stock Down 2.1%
Shares of OTCMKTS:SOMC traded down $0.45 during midday trading on Thursday, reaching $21.00. The company had a trading volume of 1,000 shares, compared to its average volume of 1,837. Southern Michigan Bancorp has a 1-year low of $15.60 and a 1-year high of $21.45. The stock has a market cap of $97.23 million, a PE ratio of 8.94 and a beta of 0.07. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.10. The business's 50 day moving average price is $19.67 and its 200 day moving average price is $19.22.
Southern Michigan Bancorp (OTCMKTS:SOMC - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.66 EPS for the quarter. The company 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
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
