Southern Michigan Bancorp (OTCMKTS:SOMC) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Shares of Southern Michigan Bancorp (OTCMKTS:SOMC) opened at 33.70 on Friday. The firm has a 50-day moving average of $33.89 and a 200 day moving average of $32.27. Southern Michigan Bancorp has a 52-week low of $25.49 and a 52-week high of $45.00. The firm has a market capitalization of $82.57 million, a price-to-earnings ratio of 13.17 and a beta of 0.06.

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Southern Michigan Bancorp Company Profile

Southern Michigan Bancorp, Inc is a bank holding company and the parent company of Southern Michigan Bank & Trust (the Bank), Southern Michigan Bancorp Capital Trust I and 27 Marshall Street LLC. The Bank operates over 10 branches within Branch, Calhoun, Hillsdale, Kalamazoo and St. Joseph Counties. The Bank provides a range of consumer, business and wealth management services.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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