Southern Michigan Bancorp (OTCMKTS:SOMC) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Southern Michigan Bancorp Inc. (OTCMKTS:SOMC)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $23.08 and traded as low as $23.03. Southern Michigan Bancorp shares last traded at $23.99, with a volume of 440 shares traded.

Southern Michigan Bancorp Stock Performance

The company has a market capitalization of $110.83 million, a P/E ratio of 9.30 and a beta of 0.13. The business has a 50 day moving average of $24.36 and a 200 day moving average of $23.08. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.17.

Southern Michigan Bancorp (OTCMKTS:SOMC) last issued its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter. The business had revenue of $14.70 million for the quarter. Southern Michigan Bancorp had a return on equity of 10.82% and a net margin of 13.18%.

Southern Michigan Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, October 6th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.7%. Southern Michigan Bancorp’s payout ratio is 24.81%.

About Southern Michigan Bancorp

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.