Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $18.73 and traded as low as $18.50. Southern Michigan Bancorp shares last traded at $18.55, with a volume of 1,100 shares traded.
Southern Michigan Bancorp Stock Performance
The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.93 and a current ratio of 0.93. The business's 50-day moving average is $18.76 and its 200-day moving average is $18.75. The company has a market capitalization of $85.85 million, a PE ratio of 8.14 and a beta of 0.05.
Southern Michigan Bancorp (OTCMKTS:SOMC - Get Free Report) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $0.66 earnings per share (EPS) for the quarter. The firm had revenue of $13.28 million during the quarter. Southern Michigan Bancorp had a net margin of 12.29% and a return on equity of 10.30%.
Southern Michigan Bancorp Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, April 4th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.45%. This is an increase from Southern Michigan Bancorp's previous quarterly dividend of $0.15. The ex-dividend date was Friday, April 4th. Southern Michigan Bancorp's payout ratio is 27.23%.
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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