Southern Michigan Bancorp Inc. (OTCMKTS:SOMC – Get Free Report) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 245 shares, an increase of 444.4% from the September 15th total of 45 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 6,342 shares, the days-to-cover ratio is currently 0.0 days.
Southern Michigan Bancorp Stock Performance
OTCMKTS:SOMC opened at $29.01 on Friday. The firm’s fifty day simple moving average is $30.84 and its 200 day simple moving average is $29.68. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 1.05. Southern Michigan Bancorp has a twelve month low of $23.00 and a twelve month high of $32.00. The firm has a market capitalization of $134.90 million, a price-to-earnings ratio of 10.99 and a beta of 0.20.
Southern Michigan Bancorp (OTCMKTS:SOMC – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.66 EPS for the quarter. The company had revenue of $16.19 million for the quarter. Southern Michigan Bancorp had a return on equity of 10.09% and a net margin of 12.60%.
Southern Michigan Bancorp Company Profile
Southern Michigan Bancorp, Inc is a bank holding company for Southern Michigan Bank & Trust, a community banking institution headquartered in Coldwater, Michigan. The company serves individuals, families, farmers, and businesses through a network of banking offices in southern Michigan.
Southern Michigan Bank & Trust provides traditional financial services, including checking and savings accounts, certificates of deposit, consumer and commercial loans, residential mortgages, agricultural lending, and business banking services.
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