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S&P 500   5,022.21
DOW   37,753.31
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ASML Fires Warning Shot For Tech Investors
The "Smart Money" Is Ready for May 1st Are You? (Ad)
Stock market today: Wall Street rises in premarket as bond markets stabilize and earnings roll in
Abbott Laboratories Outlook is Healthy: Buy the Dip
He Is Giving Away Bitcoin (Ad)
Predicting a Bear Market: 7 Signs and Why it's Tough to Do
Closing prices for crude oil, gold and other commodities
Could Bitcoin Literally FORCE This Crypto To Rocket Up? (Ad)
United Airlines Soars on Earnings Beat
CSX profit drops 10% despite railroad delivering 3% more freight in first quarter
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
The "Smart Money" Is Ready for May 1st Are You? (Ad)
Stock market today: Wall Street rises in premarket as bond markets stabilize and earnings roll in
Abbott Laboratories Outlook is Healthy: Buy the Dip
He Is Giving Away Bitcoin (Ad)
Predicting a Bear Market: 7 Signs and Why it's Tough to Do
Closing prices for crude oil, gold and other commodities
Could Bitcoin Literally FORCE This Crypto To Rocket Up? (Ad)
United Airlines Soars on Earnings Beat
CSX profit drops 10% despite railroad delivering 3% more freight in first quarter
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
The "Smart Money" Is Ready for May 1st Are You? (Ad)
Stock market today: Wall Street rises in premarket as bond markets stabilize and earnings roll in
Abbott Laboratories Outlook is Healthy: Buy the Dip
He Is Giving Away Bitcoin (Ad)
Predicting a Bear Market: 7 Signs and Why it's Tough to Do
Closing prices for crude oil, gold and other commodities
Could Bitcoin Literally FORCE This Crypto To Rocket Up? (Ad)
United Airlines Soars on Earnings Beat
CSX profit drops 10% despite railroad delivering 3% more freight in first quarter
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OTCMKTS:SOMC

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

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Free SOMC Stock Alerts
$16.75
0.00 (0.00%)
(As of 04/17/2024 ET)
Compare
Today's Range
$16.75
▼
$16.75
50-Day Range
$16.55
▼
$18.00
52-Week Range
$15.15
▼
$20.50
Volume
22 shs
Average Volume
2,212 shs
Market Capitalization
$76.72 million
P/E Ratio
6.98
Dividend Yield
3.58%
Price Target
N/A
Stock AnalysisChartDividendEarningsFinancialsHeadlinesSEC FilingsShort Interest
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

April 4, 2024 | seekingalpha.com
SOMC Southern Michigan Bancorp, Inc.
April 1, 2024 | msn.com
More than 50 million are under severe weather threat from Texas to Virginia with possible tornadoes, large hail and damaging wind gusts
April 18, 2024 | Paradigm Press (Ad)
AI “wealth window” is closing soon!
Today, I’m making my boldest prediction ever. Next-generation AI technology will create the first $100 TRILLION industry.
March 29, 2024 | news.yahoo.com
This Week in Dayton History: Dynamite bombs found, Stop-N-Go stores and more stories to remember
March 26, 2024 | globenewswire.com
Southern Michigan Bancorp, Inc. Announces Increase in Quarterly Dividend
February 20, 2024 | finance.yahoo.com
Southern Michigan Bancorp, Inc. Announces Fourth Quarter and Full Year 2023 Earnings
February 12, 2024 | seekingalpha.com
Southern Michigan GAAP EPS of $0.54, revenue of $12.41M
January 22, 2024 | finance.yahoo.com
Southern Michigan Bancorp, Inc. Declares Cash Dividend
April 18, 2024 | Paradigm Press (Ad)
AI “wealth window” is closing soon!
Today, I’m making my boldest prediction ever. Next-generation AI technology will create the first $100 TRILLION industry.
December 14, 2023 | wsj.com
Bancorp Southern Indiana
November 28, 2023 | msn.com
Couple pleads guilty to stealing $30K from southern Ohio school booster club
October 25, 2023 | finance.yahoo.com
Southern Michigan Bancorp, Inc. Announces Third Quarter 2023 Earnings
July 26, 2023 | finance.yahoo.com
Southern Michigan Bancorp, Inc. Announces Second Quarter 2023 Earnings
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
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
See More Headlines
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Company Calendar

Ex-Dividend for 1/19 Dividend
1/04/2024
Dividend Payable
1/19/2024
Last Earnings
2/12/2024
Ex-Dividend for 4/19 Dividend
4/04/2024
Today
4/18/2024
Dividend Payable
4/19/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024
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Industry, Sector and Symbol

Stock Exchange
OTCMKTS
Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
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)
$2.40
Trailing P/E Ratio
6.98
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$10.90 million
Net Margins
14.88%
Pretax Margin
18.21%
Return on Equity
11.76%
Return on Assets
0.78%

Debt

Debt-to-Equity Ratio
1.45
Current Ratio
0.93
Quick Ratio
0.93

Sales & Book Value

Annual Sales
$73.31 million
Price / Sales
1.05
Cash Flow
$2.98 per share
Price / Cash Flow
5.62
Book Value
$21.61 per share
Price / Book
0.78

Miscellaneous

Outstanding Shares
4,580,000
Free Float
N/A
Market Cap
$76.72 million
Optionable
Not Optionable
Beta
0.28
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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

Key Competitors

View All Competitors

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 stock has increased by 5.3% and is now trading at $16.75.
View the best growth stocks for 2024 here.

Are investors shorting Southern Michigan Bancorp?

Southern Michigan Bancorp saw a drop in short interest in March. As of March 15th, there was short interest totaling 100 shares, a drop of 75.0% from the February 29th total of 400 shares. Based on an average daily volume of 4,900 shares, the short-interest ratio is currently 0.0 days.
View Southern Michigan Bancorp's Short Interest.

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) announced its quarterly earnings data on Monday, February, 12th. The financial services provider reported $0.54 earnings per share 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 11.76% 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 declared a quarterly dividend on Tuesday, March 26th. Stockholders of record on Friday, April 5th will be paid a dividend of $0.15 per share on Friday, April 19th. This represents a $0.60 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Thursday, April 4th. This is an increase from the stock's previous quarterly dividend of $0.14.
Read our dividend analysis for SOMC.

Is Southern Michigan Bancorp a good dividend stock?

Southern Michigan Bancorp (OTCMKTS:SOMC) pays an annual dividend of $0.60 per share and currently has a dividend yield of 3.58%. The dividend payout ratio is 25.00%. 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 4/18/2024 by MarketBeat.com Staff

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