Southern Michigan Bancorp (OTCMKTS:SOMC) Share Price Crosses Below 200 Day Moving Average of $16.71

Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $16.71 and traded as low as $16.70. Southern Michigan Bancorp shares last traded at $16.80, with a volume of 3,764 shares changing hands.

Southern Michigan Bancorp Price Performance

The business has a 50-day simple moving average of $17.43 and a 200 day simple moving average of $16.71. The firm has a market cap of $76.94 million, a P/E ratio of 7.00 and a beta of 0.28. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.93 and a current ratio of 0.93.

Southern Michigan Bancorp (OTCMKTS:SOMC) last announced its earnings results on Monday, February 12th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter. Southern Michigan Bancorp had a return on equity of 11.76% and a net margin of 14.88%. The firm had revenue of $12.41 million during the quarter.

Southern Michigan Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were given a $0.15 dividend. The ex-dividend date was Thursday, April 4th. This represents a $0.60 annualized dividend and a dividend yield of 3.57%. This is a positive change from Southern Michigan Bancorp’s previous quarterly dividend of $0.14. Southern Michigan Bancorp’s dividend payout ratio is currently 25.00%.

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.