Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $18.80 and traded as low as $18.69. Southern Michigan Bancorp shares last traded at $19.50, with a volume of 9,258 shares.
Southern Michigan Bancorp Price Performance
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 stock has a market cap of $94.40 million, a price-to-earnings ratio of 8.95 and a beta of 0.05. The stock has a fifty day moving average of $18.82 and a 200 day moving average of $18.86.
Southern Michigan Bancorp (OTCMKTS:SOMC - Get Free Report) last announced its quarterly 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 return on equity of 10.30% and a net margin of 12.29%. The company had revenue of $13.28 million during the quarter.
Southern Michigan Bancorp Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, April 4th were issued a $0.16 dividend. The ex-dividend date was Friday, April 4th. This is an increase from Southern Michigan Bancorp's previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a yield of 3.14%. Southern Michigan Bancorp's payout ratio is presently 27.23%.
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.
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