Southern Michigan Bancorp (OTCMKTS:SOMC) Stock Passes Above 200 Day Moving Average – Here’s Why

Southern Michigan Bancorp Inc. (OTCMKTS:SOMC)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $24.13 and traded as high as $24.88. Southern Michigan Bancorp shares last traded at $24.88, with a volume of 2,429 shares changing hands.

Southern Michigan Bancorp Price Performance

The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $114.95 million, a PE ratio of 9.64 and a beta of 0.11. The firm’s 50 day simple moving average is $24.26 and its 200 day simple moving average is $24.13.

Southern Michigan Bancorp (OTCMKTS:SOMC) last released its earnings results on Wednesday, October 29th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter. Southern Michigan Bancorp had a net margin of 13.18% and a return on equity of 10.65%. The firm had revenue of $14.70 million during the quarter.

About Southern Michigan Bancorp

Southern Michigan Bancorp, Inc is the bank holding company for Southern Michigan Bank & Trust Company, a community-focused financial institution headquartered in Coldwater, Michigan. SOMC provides a broad range of banking services to individuals, families and local businesses, with an emphasis on personalized service and local decision-making.

The company’s primary business activities include commercial lending, real estate financing, agricultural loans and consumer banking solutions. Its lending portfolio serves small- and mid-sized businesses, residential and commercial real estate projects, and agricultural enterprises.