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OTCMKTS:SOMC

Southern Michigan Bancorp (SOMC) Stock Forecast, Price & News

$17.25
0.00 (0.00%)
(As of 09/26/2023 ET)
Compare
Today's Range
$17.25
$17.25
50-Day Range
$17.00
$18.70
52-Week Range
$15.55
$22.25
Volume
2,600 shs
Average Volume
2,922 shs
Market Capitalization
$77.63 million
P/E Ratio
6.10
Dividend Yield
3.25%
Price Target
N/A

SOMC stock logo

About Southern Michigan Bancorp (OTCMKTS:SOMC) Stock

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. The company also provides home mortgages and equity loans, home equity lines of credit, VA and FHA home loans, USDA rural development loans, and auto/personal loans; business loans, such as lines of credit, term loans, commercial real estate loans, commercial and industrial loans, agriculture loans, letters of credit, small business administration loans, and capital access loans; industrial, construction, real estate, and inventory loans; and consumer lending products comprising direct and indirect loans to purchasers of residential real property and consumer goods. In addition, it offers trust and investment services that include investment management, trustee, IRA rollovers and retirement plan, institutional and personal custody, estate settlement, wealth management, estate and wealth transfer planning assistance, charitable gift planning assistance, and cash management custody services; and safe deposit box and automated teller machine services. Further, the company provides online and mobile banking, bill pay, e-statements, health savings account, ACH, wire transfer, remote deposit capture, insurance, and merchant services, as well as ATM, debit, credit, and gift cards. The company was founded in 1871 and is based in Coldwater, Michigan.

SOMC Price History

SOMC Stock News Headlines

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SOMC - Southern Michigan Bancorp, Inc.
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Man pleads guilty in bank robbery
Southern Michigan declares $0.13 dividend
Southern Michigan raises dividend by 8% to $0.13
Southern Michigan GAAP EPS of $0.56, revenue of $10.9M
See More Headlines
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SOMC Company Calendar

Ex-Dividend for 7/28 Dividend
7/13/2023
Last Earnings
7/26/2023
Dividend Payable
7/28/2023
Today
9/26/2023
Next Earnings (Estimated)
10/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
OTCMKTS:SOMC
Previous Symbol
NASDAQ:SOMC
Fax
N/A
Employees
171
Year Founded
N/A

Profitability

Net Income
$13.49 million
Pretax Margin
24.73%

Debt

Sales & Book Value

Annual Sales
$51.51 million
Cash Flow
$3.48 per share
Book Value
$19.06 per share

Miscellaneous

Free Float
N/A
Market Cap
$77.63 million
Optionable
Not Optionable
Beta
0.28
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Key Executives

  • Mr. John H. Castle (Age 66)
    Chairman & CEO
    Comp: $344.48k
  • Mr. Kurt G. Miller (Age 67)
    Pres & Director
    Comp: $285.89k
  • Ms. Danice L. Chartrand (Age 56)
    Sr. VP, Treasurer, Sec. & CFO
    Comp: $173.97k
  • Mr. Eric M. Anglin
    Exec. VP, Chief Strategy Officer & Head of Bus. Devel.
  • Mr. John R. Waldron
    Jackson Market Pres













SOMC Stock - Frequently Asked Questions

How have SOMC shares performed in 2023?

Southern Michigan Bancorp's stock was trading at $19.25 on January 1st, 2023. Since then, SOMC shares have decreased by 10.4% and is now trading at $17.25.
View the best growth stocks for 2023 here
.

When is Southern Michigan Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our SOMC earnings forecast
.

How were Southern Michigan Bancorp's earnings last quarter?

Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) released its earnings results on Wednesday, July, 26th. The financial services provider reported $0.59 earnings per share for the quarter. The financial services provider had revenue of $11.79 million for the quarter. Southern Michigan Bancorp had a trailing twelve-month return on equity of 14.71% and a net margin of 20.67%.

How often does Southern Michigan Bancorp pay dividends? What is the dividend yield for Southern Michigan Bancorp?

Southern Michigan Bancorp announced a quarterly dividend on Wednesday, June 28th. Shareholders of record on Friday, July 14th will be paid a dividend of $0.14 per share on Friday, July 28th. This represents a $0.56 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Thursday, July 13th.
Read our dividend analysis for SOMC
.

Is Southern Michigan Bancorp a good dividend stock?

Southern Michigan Bancorp (OTCMKTS:SOMC) pays an annual dividend of $0.56 per share and currently has a dividend yield of 3.29%. The dividend payout ratio is 19.79%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for SOMC.

What other stocks do shareholders of Southern Michigan Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Southern Michigan Bancorp investors own include Macatawa Bank (MCBC), McDermott International (MDR), ABM Industries (ABM), Boeing (BA), Blueberries Medical (BBM), BankFinancial (BFIN), Berkshire Hills Bancorp (BHLB), BioMarin Pharmaceutical (BMRN), Cambridge Bancorp (CATC) and Cintas (CTAS).

What is Southern Michigan Bancorp's stock symbol?

Southern Michigan Bancorp trades on the OTCMKTS under the ticker symbol "SOMC."

How do I buy shares of Southern Michigan Bancorp?

Shares of SOMC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Southern Michigan Bancorp's stock price today?

One share of SOMC stock can currently be purchased for approximately $17.25.

How much money does Southern Michigan Bancorp make?

Southern Michigan Bancorp (OTCMKTS:SOMC) has a market capitalization of $77.63 million and generates $51.51 million in revenue each year. The financial services provider earns $13.49 million in net income (profit) each year or $2.83 on an earnings per share basis.

How many employees does Southern Michigan Bancorp have?

The company employs 171 workers across the globe.

How can I contact Southern Michigan Bancorp?

Southern Michigan Bancorp's mailing address is 51 W PEARL ST, COLDWATER MI, 49036. The official website for the company is www.smb-t.com. The financial services provider can be reached via phone at (800) 379-7628 or via email at jcastle@smb-t.com.

This page (OTCMKTS:SOMC) was last updated on 9/26/2023 by MarketBeat.com Staff

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