Southern Michigan Bancorp (OTCMKTS:SOMC) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $24.52 and traded as high as $25.44. Southern Michigan Bancorp shares last traded at $25.44, with a volume of 3,360 shares trading hands.

Southern Michigan Bancorp Price Performance

The firm has a market cap of $117.53 million, a PE ratio of 9.67 and a beta of 0.11. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a 50-day simple moving average of $24.89 and a 200 day simple moving average of $24.52.

Southern Michigan Bancorp (OTCMKTS:SOMC) last issued its quarterly earnings results on Tuesday, February 17th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter. The company had revenue of $15.04 million during the quarter. Southern Michigan Bancorp had a net margin of 13.08% and a return on equity of 10.72%.

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.