Southern Michigan Bancorp (OTCMKTS:SOMC) Issues Earnings Results

Southern Michigan Bancorp (OTCMKTS:SOMC) announced its earnings results on Friday. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, Zacks reports. Southern Michigan Bancorp had a return on equity of 10.19% and a net margin of 12.27%.

Southern Michigan Bancorp Stock Performance

Shares of SOMC stock opened at $19.20 on Friday. The firm has a fifty day moving average price of $19.03 and a 200 day moving average price of $18.06. The company has a market cap of $87.74 million, a P/E ratio of 8.53 and a beta of 0.27. Southern Michigan Bancorp has a 12 month low of $15.60 and a 12 month high of $19.50. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.29.

Southern Michigan Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, January 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.13%. Southern Michigan Bancorp’s payout ratio is currently 26.67%.

Southern Michigan Bancorp Company Profile

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.