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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
ProfileChartCompetitorsDividendEarningsFinancialsHeadlinesSEC FilingsShort Interest

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

September 21, 2023 | americanbankingnews.com
Southern Michigan Bancorp (OTCMKTS:SOMC) Stock Passes Below 200 Day Moving Average of $18.50
July 26, 2023 | finance.yahoo.com
Southern Michigan Bancorp, Inc. Announces Second Quarter 2023 Earnings
September 26, 2023 | Legacy Research (Ad)
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June 16, 2023 | finance.yahoo.com
SOMC - Southern Michigan Bancorp, Inc.
May 2, 2023 | markets.businessinsider.com
Analysts Offer Insights on Financial Companies: Southern Missouri Bancorp (SMBC), Centerspace (CSR) and Midland States Bancrop (MSBI)
April 26, 2023 | finance.yahoo.com
Southern Michigan Bancorp, Inc. Announces First Quarter 2023 Earnings
April 13, 2023 | bizjournals.com
Huntington tops regional J.D. Power customer survey; here's where other Cincinnati banks rank
March 24, 2023 | omaha.com
After rough patch, Big Ten hits stride again
September 26, 2023 | Chaikin Analytics (Ad)
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March 22, 2023 | omaha.com
Bland: Big Ten baseball back on the rise after nonconference play
February 28, 2023 | usatoday.com
Norfolk Southern train derails in southeast Michigan; investigation ongoing
February 15, 2023 | finance.yahoo.com
Southern Michigan Bancorp, Inc., Announces Fourth Quarter and Full Year 2022 Earnings
January 25, 2023 | finanznachrichten.de
Sturgis Bancorp, Inc.: Sturgis Bancorp Reports Earnings for 2022
January 17, 2023 | chicago.suntimes.com
Smattering of ice fishing goes around Chicago as does perch fishing on southern Lake Michigan
December 8, 2022 | finance.yahoo.com
Andrew Mercer Joins Southern Michigan Bancorp, Inc. Board of Directors
October 26, 2022 | finance.yahoo.com
Southern Michigan Bancorp, Inc. Announces Third Quarter 2022 Earnings
September 12, 2022 | omaha.com
Nebraska football coaching hot board: 21 candidates for the job
September 8, 2022 | yahoo.com
J.J. McCarthy ready for his first Michigan football start
July 28, 2022 | finance.yahoo.com
Travis Hampton Joins Southern Michigan Bancorp, Inc. Board of Directors
July 27, 2022 | finance.yahoo.com
Southern Michigan Bancorp, Inc. Announces Second Quarter 2022 Earnings
July 26, 2022 | yahoo.com
Man pleads guilty in bank robbery
June 29, 2022 | seekingalpha.com
Southern Michigan declares $0.13 dividend
June 3, 2022 | finance.yahoo.com
John R. Waldron Joins Southern Michigan Bank & Trust
April 27, 2022 | finance.yahoo.com
Southern Michigan Bancorp, Inc. Announces First Quarter 2022 Earnings
March 23, 2022 | seekingalpha.com
Southern Michigan raises dividend by 8% to $0.13
February 12, 2022 | seekingalpha.com
Southern Michigan GAAP EPS of $0.56, revenue of $10.9M
February 11, 2022 | finance.yahoo.com
Southern Michigan Bancorp, Inc. Announces Fourth Quarter and Full Year 2021 Earnings
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
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
OTCMKTS
Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
OTCMKTS:SOMC
Previous Symbol
NASDAQ:SOMC
CUSIP
N/A
CIK
703699
Web
www.smb-t.com
Phone
(800) 379-7628
Fax
N/A
Employees
171
Year Founded
N/A

Profitability

EPS (Most Recent Fiscal Year)
$2.83
Trailing P/E Ratio
6.10
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$13.49 million
Net Margins
20.67%
Pretax Margin
24.73%
Return on Equity
14.71%
Return on Assets
0.98%

Debt

Debt-to-Equity Ratio
1.42
Current Ratio
0.92
Quick Ratio
0.92

Sales & Book Value

Annual Sales
$51.51 million
Price / Sales
1.51
Cash Flow
$3.48 per share
Price / Cash Flow
4.95
Book Value
$19.06 per share
Price / Book
0.91

Miscellaneous

Outstanding Shares
4,500,000
Free Float
N/A
Market Cap
$77.63 million
Optionable
Not Optionable
Beta
0.28
12 Stocks Corporate Insiders are Abandoning Cover
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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

Key Competitors

View All Competitors













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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