Southern Michigan Bancorp (OTCMKTS:SOMC) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.11 and traded as high as $31.50. Southern Michigan Bancorp shares last traded at $31.50, with a volume of 100 shares.

Southern Michigan Bancorp Price Performance

The company’s 50-day moving average is $28.42 and its 200-day moving average is $26.11. The firm has a market capitalization of $146.47 million, a price-to-earnings ratio of 11.75 and a beta of 0.20. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.95 and a quick ratio of 0.95.

Southern Michigan Bancorp (OTCMKTS:SOMC) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.71 EPS for the quarter. The business had revenue of $15.33 million during the quarter. Southern Michigan Bancorp had a return on equity of 10.60% and a net margin of 13.00%.

About Southern Michigan Bancorp

Southern Michigan Bancorp, Inc is the bank holding company for Southern Michigan Bank & Trust Company, a community-focused financial institution headquartered in Coldwater, Michigan. SOMC provides a broad range of banking services to individuals, families and local businesses, with an emphasis on personalized service and local decision-making.

The company’s primary business activities include commercial lending, real estate financing, agricultural loans and consumer banking solutions. Its lending portfolio serves small- and mid-sized businesses, residential and commercial real estate projects, and agricultural enterprises.