Southern Michigan Bancorp (SOMC) Cut to Hold at ValuEngine

ValuEngine downgraded shares of Southern Michigan Bancorp (OTCMKTS:SOMC) from a buy rating to a hold rating in a research report report published on Tuesday.

Shares of Southern Michigan Bancorp (OTCMKTS SOMC) opened at $38.00 on Tuesday. The firm has a market capitalization of $89.18, a P/E ratio of 13.95 and a beta of 0.17. Southern Michigan Bancorp has a 52 week low of $28.00 and a 52 week high of $45.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.91 and a current ratio of 0.91.

Southern Michigan Bancorp (OTCMKTS:SOMC) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.75 earnings per share for the quarter. Southern Michigan Bancorp had a return on equity of 9.04% and a net margin of 20.68%. The company had revenue of $7.42 million during the quarter.

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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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