Southern Michigan Bancorp Inc. (OTCMKTS:SOMC – Get Free Report) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 225 shares, a decrease of 39.5% from the June 30th total of 372 shares. Based on an average daily volume of 418 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the shares of the company are short sold.
Southern Michigan Bancorp Stock Performance
Shares of OTCMKTS SOMC remained flat at $31.88 during mid-day trading on Thursday. The company had a trading volume of 100 shares, compared to its average volume of 198. Southern Michigan Bancorp has a 52-week low of $22.00 and a 52-week high of $32.00. The stock has a market cap of $148.24 million, a price-to-earnings ratio of 11.90 and a beta of 0.19. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.95 and a current ratio of 0.95. The stock’s fifty day moving average price is $30.97 and its 200 day moving average price is $27.64.
Southern Michigan Bancorp (OTCMKTS:SOMC – Get Free Report) last released its earnings results on Wednesday, July 29th. The financial services provider reported $0.66 EPS for the quarter. Southern Michigan Bancorp had a return on equity of 10.48% and a net margin of 13.00%.The firm had revenue of $16.19 million during the quarter.
Southern Michigan Bancorp Company Profile
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.
Featured Stories
- Five stocks we like better than Southern Michigan Bancorp
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
- Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
- Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
Receive News & Ratings for Southern Michigan Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern Michigan Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
