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S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
How To Be Persuasive With Your Body Language
"TAKE THAT, CHINA!" USA Gains in EV Battery Arms Race (Ad)
How to Play Apple and Amazon Heading in 2023
Low Beta, High Yield Campbell Soup Company Is Mmm Mmm Good
"TAKE THAT, CHINA!" USA Gains in EV Battery Arms Race (Ad)
Microsoft strikes 10-year deal with Nintendo on Call of Duty
Top 10 Searched Stocks on MarketBeat All-Access
China Has Stunning Lithium Chokehold On U.S. (Ad)
Could trawler cams help save world's dwindling fish stocks?
Southwest Airlines brings back dividend as travel rebounds
S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
How To Be Persuasive With Your Body Language
"TAKE THAT, CHINA!" USA Gains in EV Battery Arms Race (Ad)
How to Play Apple and Amazon Heading in 2023
Low Beta, High Yield Campbell Soup Company Is Mmm Mmm Good
"TAKE THAT, CHINA!" USA Gains in EV Battery Arms Race (Ad)
Microsoft strikes 10-year deal with Nintendo on Call of Duty
Top 10 Searched Stocks on MarketBeat All-Access
China Has Stunning Lithium Chokehold On U.S. (Ad)
Could trawler cams help save world's dwindling fish stocks?
Southwest Airlines brings back dividend as travel rebounds
S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
How To Be Persuasive With Your Body Language
"TAKE THAT, CHINA!" USA Gains in EV Battery Arms Race (Ad)
How to Play Apple and Amazon Heading in 2023
Low Beta, High Yield Campbell Soup Company Is Mmm Mmm Good
"TAKE THAT, CHINA!" USA Gains in EV Battery Arms Race (Ad)
Microsoft strikes 10-year deal with Nintendo on Call of Duty
Top 10 Searched Stocks on MarketBeat All-Access
China Has Stunning Lithium Chokehold On U.S. (Ad)
Could trawler cams help save world's dwindling fish stocks?
Southwest Airlines brings back dividend as travel rebounds
OTCMKTS:SOMC

Southern Michigan Bancorp - SOMC Stock Forecast, Price & News

$20.03
-0.07 (-0.35%)
(As of 12/7/2022 12:00 AM ET)
Add
Compare
Today's Range
$20.03
$20.03
50-Day Range
$19.50
$22.25
52-Week Range
$19.50
$24.00
Volume
2,500 shs
Average Volume
1,546 shs
Market Capitalization
$90.94 million
P/E Ratio
7.31
Dividend Yield
2.59%
Price Target
N/A

About Southern Michigan Bancorp

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 line of credit, 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. As of March 23, 2022, it operated 13 branches within Branch, Calhoun, Hillsdale, Kalamazoo, and St. Joseph Counties. The company was founded in 1871 and is based in Coldwater, Michigan.

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SOMC Stock News Headlines

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
Southern Michigan Bancorp
News for Southern Michigan Bancorp Inc
Southern Michigan Bancorp, Inc. (SOMC)
Southern Michigan Bancorp, Inc. Declares Cash Dividend
See More Headlines
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SOMC Company Calendar

Last Earnings
7/29/2020
Ex-Dividend for 10/21 Dividend
10/06/2022
Dividend Payable
10/21/2022
Today
12/08/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/09/2023

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
$11.76 million
Pretax Margin
30.92%

Debt

Sales & Book Value

Annual Sales
$46.15 million
Cash Flow
$3.19 per share
Book Value
$21.47 per share

Miscellaneous

Free Float
N/A
Market Cap
$90.94 million
Optionable
Not Optionable
Beta
0.34

Key Executives

  • Mr. John H. Castle (Age 65)
    Chairman & CEO
    Comp: $344.48k
  • Mr. Kurt G. Miller (Age 66)
    Pres & Director
    Comp: $285.89k
  • Ms. Danice L. Chartrand (Age 55)
    Sr. VP, Treasurer, Sec. & CFO
    Comp: $173.97k
  • Mr. Eric M. Anglin
    Exec. VP, Chief Strategy Officer & Head of Bus. Devel.
  • Mr. Rick Feller
    VP of Retail Loans, Sr. Collections Administrator of Southern Michigan Bank & Trust
  • Steve Todd
    VP of Commercial Loans - Southern Michigan Bank & Trust
  • Trisha Clark
    VP of Risk Mgmt & Risk Mgmt Officer of Southern Michigan Bank & Trust
  • Eric Romzek
    Head of IT - Southern Michigan Bank & Trust and First VP of IT - Southern Michigan Bank & Trust













SOMC Stock - Frequently Asked Questions

How have SOMC shares performed in 2022?

Southern Michigan Bancorp's stock was trading at $20.20 at the beginning of 2022. Since then, SOMC stock has decreased by 0.8% and is now trading at $20.03.
View the best growth stocks for 2022 here
.

When is Southern Michigan Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
View our SOMC earnings forecast
.

How were Southern Michigan Bancorp's earnings last quarter?

Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) announced its quarterly earnings data on Wednesday, July, 29th. The financial services provider reported $0.79 EPS for the quarter. The financial services provider had revenue of $8.58 million for the quarter. Southern Michigan Bancorp had a trailing twelve-month return on equity of 14.20% and a net margin of 25.71%.

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

Southern Michigan Bancorp declared a dividend on Friday, September 30th. Shareholders of record on Friday, October 7th will be paid a dividend of $0.13 per share on Friday, October 21st. This represents a yield of 2.54%. The ex-dividend date of this dividend is Thursday, October 6th.
Read our dividend analysis for SOMC
.

Is Southern Michigan Bancorp a good dividend stock?

Southern Michigan Bancorp (OTCMKTS:SOMC) pays an annual dividend of $0.52 per share and currently has a dividend yield of 2.59%. The dividend payout ratio is 18.98%. 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 $20.03.

How much money does Southern Michigan Bancorp make?

Southern Michigan Bancorp (OTCMKTS:SOMC) has a market capitalization of $90.94 million and generates $46.15 million in revenue each year. The financial services provider earns $11.76 million in net income (profit) each year or $2.74 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 12/8/2022 by MarketBeat.com Staff