Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC – Get Free Report) shares fell below their 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $16.84 and has traded as low as $16.00. Southern Michigan Bancorp shares last traded at $16.25 with volume of 3,854 shares.
Southern Michigan Bancorp share price development
The company has a 50-day moving average of $16.23 and a 200-day moving average of $16.84. The company has a market cap of $74.43 million, a P/E ratio of 6.97 and a beta of 0.26. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.95 and a quick ratio of 0.95.
Southern Michigan Bancorp (OTCMKTS:SOMC – Free Report) last released its quarterly earnings results on Wednesday, April 24. The financial services provider reported earnings per share (EPS) of $0.59 for the quarter. The company posted revenue of $12.04 million during the quarter. Southern Michigan Bancorp had a return on equity of 11.13% and a net margin of 13.62%.
Southern Michigan Bancorp increases dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Monday, July 8th will receive a dividend of $0.15. This is an increase from Southern Michigan Bancorp’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Monday, July 8th. This represents an annualized dividend of $0.60 and a yield of 3.69%. Southern Michigan Bancorp’s dividend payout ratio is 25.75%.
Southern Michigan Bancorp Company Profile
(Get free report)
Southern Michigan Bancorp, Inc. serves as the bank holding company for Southern Michigan Bank & Trust, which provides a range of commercial banking services to individuals, businesses, institutions and government agencies primarily in the communities of southwest Michigan. Deposit products include interest-bearing and noninterest-bearing checking accounts, savings accounts and various types of money market accounts, time, savings and demand deposits, as well as certificates of deposit and IRAs.
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