Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.08 and traded as high as $20.25. Southern Michigan Bancorp shares last traded at $20.25, with a volume of 6,895 shares trading hands.
Southern Michigan Bancorp Price Performance
The firm has a market cap of $97.14 million, a P/E ratio of 9.21 and a beta of 0.07. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.93 and a quick ratio of 0.93. The firm's 50 day moving average is $19.33 and its 200 day moving average is $19.12.
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. Southern Michigan Bancorp had a net margin of 12.29% and a return on equity of 10.30%. The firm had revenue of $13.28 million during the quarter.
Southern Michigan Bancorp Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 4th were paid a $0.16 dividend. This is a boost from Southern Michigan Bancorp's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.64 dividend on an annualized basis and a yield of 3.05%. Southern Michigan Bancorp's payout ratio is presently 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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