Southern Michigan Bancorp Inc. (OTCMKTS:SOMC – Get Free Report) was the target of a large decline in short interest in the month of 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 daily volume of 448 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.
Southern Michigan Bancorp Stock Performance
Shares of OTCMKTS SOMC remained flat at $30.30 during midday trading on Friday. The firm has a 50-day moving average of $31.17 and a 200-day moving average of $29.41. The firm has a market capitalization of $140.90 million, a PE ratio of 11.48 and a beta of 0.19. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.95 and a quick ratio of 0.94. Southern Michigan Bancorp has a twelve month low of $23.00 and a twelve month high of $32.00.
Southern Michigan Bancorp (OTCMKTS:SOMC – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter. Southern Michigan Bancorp had a return on equity of 10.09% and a net margin of 12.60%.The firm had revenue of $16.19 million for the quarter.
About Southern Michigan Bancorp
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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