Southern Michigan Bancorp Inc. (OTCMKTS:SOMC – Get Free Report) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 509 shares, an increase of 371.3% from the May 14th total of 108 shares. Based on an average daily volume of 1,919 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are sold short.
Southern Michigan Bancorp Price Performance
Shares of OTCMKTS SOMC opened at $29.50 on Friday. The stock’s 50-day moving average is $27.81 and its two-hundred day moving average is $25.86. 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 has a 1-year low of $20.00 and a 1-year high of $30.00. The company has a market cap of $137.18 million, a price-to-earnings ratio of 11.01 and a beta of 0.20.
Southern Michigan Bancorp (OTCMKTS:SOMC – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.71 earnings per share for the quarter. Southern Michigan Bancorp had a return on equity of 10.60% and a net margin of 13.00%.The company had revenue of $15.33 million for the quarter.
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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