Southern Michigan Bancorp (OTCMKTS:SOMC) Share Price Crosses Below Two Hundred Day Moving Average of $19.46

Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC – Get Rating)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.46 and traded as low as $18.25. Southern Michigan Bancorp shares last traded at $18.50, with a volume of 1,073 shares changing hands.

Southern Michigan Bancorp Stock Up 2.8 %

The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.86. The business’s 50 day moving average price is $18.43 and its 200-day moving average price is $19.46. The company has a market cap of $84.73 million, a P/E ratio of 6.21 and a beta of 0.29.

Southern Michigan Bancorp Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, April 21st. Shareholders of record on Friday, April 7th were issued a dividend of $0.14 per share. This is an increase from Southern Michigan Bancorp’s previous dividend of $0.13. The ex-dividend date of this dividend was Thursday, April 6th. This represents a yield of 3.01%. Southern Michigan Bancorp’s dividend payout ratio is currently 18.79%.

Southern Michigan Bancorp Company Profile

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Southern Michigan Bancorp, Inc operates as a bank holding company. It offers individuals, businesses, institutions, and government agencies a range of commercial banking services which include deposit, payment, credit, and other financial services. It also provides time, savings, and demand deposits, safe deposit services, and automated teller machine services.