Southern Michigan Bancorp (OTCMKTS:SOMC) Shares Pass Below Two Hundred Day Moving Average of $17.78

Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.78 and traded as low as $16.00. Southern Michigan Bancorp shares last traded at $16.00, with a volume of 3,000 shares.

Southern Michigan Bancorp Price Performance

The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.42. The stock’s 50-day simple moving average is $16.69 and its two-hundred day simple moving average is $17.78. The company has a market capitalization of $72 million, a price-to-earnings ratio of 6.04 and a beta of 0.30.

Southern Michigan Bancorp (OTCMKTS:SOMC) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.61 earnings per share for the quarter. The company had revenue of $11.86 million during the quarter. Southern Michigan Bancorp had a net margin of 17.66% and a return on equity of 13.43%.

Southern Michigan Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Wednesday, October 11th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend was Tuesday, October 10th. Southern Michigan Bancorp’s dividend payout ratio (DPR) is 21.13%.

Southern Michigan Bancorp Company Profile

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.