Southern Michigan Bancorp (SOMC) Lowered to Hold at ValuEngine
Southern Michigan Bancorp (OTCMKTS:SOMC) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
Southern Michigan Bancorp (OTCMKTS SOMC) traded up $1.50 on Tuesday, hitting $37.25. 15,750 shares of the company’s stock traded hands, compared to its average volume of 602. Southern Michigan Bancorp has a twelve month low of $28.00 and a twelve month high of $45.00. The company has a market cap of $85.46, a P/E ratio of 13.37 and a beta of 0.17. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.91 and a quick ratio of 0.91.
Southern Michigan Bancorp (OTCMKTS:SOMC) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.75 EPS for the quarter. Southern Michigan Bancorp had a net margin of 20.68% and a return on equity of 9.04%. The business had revenue of $7.42 million during the quarter.
About Southern Michigan Bancorp
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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