Southern Michigan Bancorp (OTCMKTS:SOMC) Share Price Breaks Below 200-Day Moving Average – What’s Next?

Shares of Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $29.86 and traded as low as $28.61. Southern Michigan Bancorp shares last traded at $28.70, with a volume of 451 shares trading hands.

Southern Michigan Bancorp Trading Down 0.1%

The company has a debt-to-equity ratio of 1.05, a current ratio of 0.95 and a quick ratio of 0.94. The business has a 50-day simple moving average of $30.47 and a two-hundred day simple moving average of $29.89. The stock has a market cap of $134.85 million, a price-to-earnings ratio of 10.98 and a beta of 0.20.

Southern Michigan Bancorp (OTCMKTS:SOMC) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.66 EPS for the quarter. The firm had revenue of $16.19 million during the quarter. Southern Michigan Bancorp had a net margin of 12.60% and a return on equity of 10.09%.

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.