Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC – Get Free Report) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 100 shares, a decline of 75.0% from the February 29th total of 400 shares. Based on an average trading volume of 4,900 shares, the days-to-cover ratio is currently 0.0 days.
Southern Michigan Bancorp Trading Up 3.5 %
OTCMKTS:SOMC traded up $0.58 on Thursday, reaching $17.25. 797 shares of the stock traded hands, compared to its average volume of 4,290. The firm has a market capitalization of $77.97 million, a price-to-earnings ratio of 7.19 and a beta of 0.29. Southern Michigan Bancorp has a 1-year low of $15.15 and a 1-year high of $20.50. The company’s 50 day moving average is $17.62 and its 200-day moving average is $16.76. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.46.
Southern Michigan Bancorp (OTCMKTS:SOMC – Get Free Report) last issued its quarterly earnings data on Monday, February 12th. The financial services provider reported $0.54 earnings per share for the quarter. Southern Michigan Bancorp had a return on equity of 11.98% and a net margin of 14.88%. The business had revenue of $12.41 million for the quarter.
Southern Michigan Bancorp Increases Dividend
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.
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