Southern Michigan Bancorp Inc. (OTCMKTS:SOMC – Get Free Report) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 45 shares, a decline of 64.0% from the August 31st total of 125 shares. Based on an average trading volume of 448 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.
Southern Michigan Bancorp Price Performance
SOMC traded down $0.01 on Tuesday, hitting $30.28. 5,200 shares of the company’s stock traded hands, compared to its average volume of 2,327. The company’s 50 day simple moving average is $31.16 and its 200-day simple moving average is $29.47. The firm has a market cap of $140.77 million, a price-to-earnings ratio of 11.47 and a beta of 0.19. Southern Michigan Bancorp has a one year low of $23.00 and a one year high of $32.00. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 1.05.
Southern Michigan Bancorp (OTCMKTS:SOMC – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.66 earnings per share for the quarter. Southern Michigan Bancorp had a return on equity of 10.09% and a net margin of 12.60%.The business had revenue of $16.19 million during the quarter.
Southern Michigan Bancorp Company Profile
Southern Michigan Bancorp, Inc is a bank holding company headquartered in Coldwater, Michigan. The company operates through its wholly owned subsidiary, Southern Michigan Bank & Trust, a community bank serving customers in southern Michigan and surrounding areas.
Southern Michigan Bank & Trust provides a range of banking services for individuals, businesses, agricultural customers, and public-sector organizations. Its offerings include checking and savings accounts, certificates of deposit, residential and commercial mortgages, consumer loans, agricultural financing, and commercial lending.
The bank also provides treasury management, online and mobile banking, investment and wealth management services, and other financial solutions.
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