Southern Michigan Bancorp Inc. (OTCMKTS:SOMC – Get Free Report) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 225 shares, a decline of 39.5% from the June 30th total of 372 shares. Based on an average trading volume of 418 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the company’s shares are sold short.
Southern Michigan Bancorp Stock Performance
Shares of SOMC remained flat at $31.88 during midday trading on Thursday. The stock had a trading volume of 100 shares, compared to its average volume of 198. Southern Michigan Bancorp has a fifty-two week low of $22.00 and a fifty-two week high of $32.00. The firm has a 50 day moving average price of $30.97 and a 200 day moving average price of $27.64. The company has a market capitalization of $148.24 million, a P/E ratio of 11.90 and a beta of 0.19. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.95 and a quick ratio of 0.95.
Southern Michigan Bancorp (OTCMKTS:SOMC – Get Free Report) last issued its 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 net margin of 13.00% and a return on equity of 10.48%. The company had revenue of $16.19 million for 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.
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