S&P 500   5,069.76
DOW   38,949.02
QQQ   435.27
Palantir Stock Has It all… Except the Analysts' Support
Critical asset just had biggest fall on record (Ad)
3 wealth-compounding stocks to beat the market this decade
FedEx ends naming rights agreement for the Washington Commanders stadium long known as FedEx Field
Critical asset just had biggest fall on record (Ad)
2 Navigation Stocks That Continue to Defy Gravity
Workday Stock Price is Working on a Buy-the-Dip Opportunity
Critical asset just had biggest fall on record (Ad)
Are NFTs Back? Why NFTs Will Make a Comeback in 2024
Applied Optoelectronics earnings dumper, pain now for gain later?
S&P 500   5,069.76
DOW   38,949.02
QQQ   435.27
Palantir Stock Has It all… Except the Analysts' Support
Critical asset just had biggest fall on record (Ad)
3 wealth-compounding stocks to beat the market this decade
FedEx ends naming rights agreement for the Washington Commanders stadium long known as FedEx Field
Critical asset just had biggest fall on record (Ad)
2 Navigation Stocks That Continue to Defy Gravity
Workday Stock Price is Working on a Buy-the-Dip Opportunity
Critical asset just had biggest fall on record (Ad)
Are NFTs Back? Why NFTs Will Make a Comeback in 2024
Applied Optoelectronics earnings dumper, pain now for gain later?
S&P 500   5,069.76
DOW   38,949.02
QQQ   435.27
Palantir Stock Has It all… Except the Analysts' Support
Critical asset just had biggest fall on record (Ad)
3 wealth-compounding stocks to beat the market this decade
FedEx ends naming rights agreement for the Washington Commanders stadium long known as FedEx Field
Critical asset just had biggest fall on record (Ad)
2 Navigation Stocks That Continue to Defy Gravity
Workday Stock Price is Working on a Buy-the-Dip Opportunity
Critical asset just had biggest fall on record (Ad)
Are NFTs Back? Why NFTs Will Make a Comeback in 2024
Applied Optoelectronics earnings dumper, pain now for gain later?
S&P 500   5,069.76
DOW   38,949.02
QQQ   435.27
Palantir Stock Has It all… Except the Analysts' Support
Critical asset just had biggest fall on record (Ad)
3 wealth-compounding stocks to beat the market this decade
FedEx ends naming rights agreement for the Washington Commanders stadium long known as FedEx Field
Critical asset just had biggest fall on record (Ad)
2 Navigation Stocks That Continue to Defy Gravity
Workday Stock Price is Working on a Buy-the-Dip Opportunity
Critical asset just had biggest fall on record (Ad)
Are NFTs Back? Why NFTs Will Make a Comeback in 2024
Applied Optoelectronics earnings dumper, pain now for gain later?
OTCMKTS:SOMC

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

$17.75
0.00 (0.00%)
(As of 02/28/2024 ET)
Today's Range
$17.75
$17.75
50-Day Range
$15.50
$18.10
52-Week Range
$15.15
$21.25
Volume
6,025 shs
Average Volume
4,275 shs
Market Capitalization
$80.23 million
P/E Ratio
7.40
Dividend Yield
3.15%
Price Target
N/A

SOMC stock logo

About Southern Michigan Bancorp Stock (OTCMKTS:SOMC)

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 Stock Price History

SOMC Stock News Headlines

Southern Michigan GAAP EPS of $0.54, revenue of $12.41M
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Southern Michigan Bancorp, Inc. Declares Cash Dividend
Bancorp Southern Indiana
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
SOMC - Southern Michigan Bancorp, Inc.
Man pleads guilty in bank robbery
Southern Michigan declares $0.13 dividend
See More Headlines
Receive SOMC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Southern Michigan Bancorp and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 1/19 Dividend
1/04/2024
Dividend Payable
1/19/2024
Last Earnings
2/12/2024
Today
2/28/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Profitability

Net Income
$10.90 million
Pretax Margin
21.15%

Debt

Sales & Book Value

Annual Sales
$73.31 million
Cash Flow
$3.43 per share
Book Value
$19.06 per share

Miscellaneous

Free Float
N/A
Market Cap
$80.23 million
Optionable
Not Optionable
Beta
0.29
The Best High-Yield Dividend Stocks for 2024 Cover

Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.

Get This Free Report

Key Executives

  • Ms. Danice L. Chartrand (Age 57)
    Senior VP, Accounting Director & Secretary
    Comp: $173.97k
  • Mr. John R. Waldron
    President, CEO & Director
  • Mr. Kevin A. Twardy (Age 57)
    Senior VP, CFO & Treasurer
  • Mr. Eric M. Anglin
    Executive VP, COO & Chief Strategy Officer
  • Mr. Aaron L. Lewis
    Executive VP & Chief Credit Officer
  • Mr. Nicholas M. Grabowski
    Executive VP & Chief Lending Officer














SOMC Stock Analysis - Frequently Asked Questions

How have SOMC shares performed in 2024?

Southern Michigan Bancorp's stock was trading at $15.90 on January 1st, 2024. Since then, SOMC shares have increased by 11.6% and is now trading at $17.75.
View the best growth stocks for 2024 here
.

When is Southern Michigan Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
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 Monday, February, 12th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter. The financial services provider had revenue of $12.41 million for the quarter. Southern Michigan Bancorp had a trailing twelve-month return on equity of 11.98% and a net margin of 14.88%.

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 Tuesday, December 19th. Stockholders of record on Friday, January 5th will be given a dividend of $0.14 per share on Friday, January 19th. This represents a $0.56 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Thursday, January 4th.
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 3.15%. The dividend payout ratio is 23.33%. 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).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:SOMC) was last updated on 2/29/2024 by MarketBeat.com Staff