Southern Michigan Bancorp Inc. (OTCMKTS:SOMC – Get Free Report) was the recipient of a significant decline in short interest during 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 days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.
Southern Michigan Bancorp Stock Performance
Shares of OTCMKTS:SOMC remained flat at $30.30 during midday trading on Friday. 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 fifty-two week low of $23.00 and a fifty-two week high of $32.00. The company has a market capitalization of $140.90 million, a PE ratio of 11.48 and a beta of 0.19. The company has a 50-day moving average of $31.17 and a two-hundred day moving average of $29.41.
Southern Michigan Bancorp (OTCMKTS:SOMC – Get Free Report) last released 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 during 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 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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