Southern Michigan Bancorp Inc. (OTCMKTS:SOMC – Get Free Report) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 252 shares, a decline of 56.3% from the April 15th total of 576 shares. Based on an average trading volume of 3,305 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.
Southern Michigan Bancorp Stock Performance
Shares of OTCMKTS SOMC opened at $28.50 on Friday. The company’s fifty day moving average price is $26.12 and its 200 day moving average price is $25.05. The company has a market capitalization of $132.53 million, a PE ratio of 10.63 and a beta of 0.19. Southern Michigan Bancorp has a 1 year low of $18.69 and a 1 year high of $28.94. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.95 and a current ratio of 0.95.
Southern Michigan Bancorp (OTCMKTS:SOMC – Get Free Report) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $0.71 EPS for the quarter. The firm had revenue of $15.33 million for 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.
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