Short Interest in Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) Decreases By 50.0%

Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 100 shares, a decline of 50.0% from the August 15th total of 200 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,100 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 1,100 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Southern Michigan Bancorp Price Performance

Shares of SOMC opened at $24.99 on Monday. Southern Michigan Bancorp has a 52 week low of $16.80 and a 52 week high of $25.00. The firm has a market cap of $115.70 million, a P/E ratio of 10.00 and a beta of 0.11. The firm’s 50-day simple moving average is $23.24 and its 200 day simple moving average is $20.79. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.94 and a current ratio of 0.94.

Southern Michigan Bancorp (OTCMKTS:SOMC) last announced its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.70 EPS for the quarter. Southern Michigan Bancorp had a net margin of 13.02% and a return on equity of 10.51%. The business had revenue of $14.45 million for the quarter.

Southern Michigan Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, July 7th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.6%. Southern Michigan Bancorp’s dividend payout ratio is currently 25.60%.

About Southern Michigan Bancorp

Southern Michigan Bancorp, Inc operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest Michigan communities. Its deposit products include interest and non-interest checking, savings, and various types of money market accounts; time, savings, and demand deposits; and certificates of deposit and IRAs.