Southern Michigan Bancorp (OTCMKTS:SOMC) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.55 and traded as high as $18.75. Southern Michigan Bancorp shares last traded at $18.53, with a volume of 950 shares changing hands.

Southern Michigan Bancorp Price Performance

The business has a fifty day moving average price of $18.94 and a 200 day moving average price of $18.56. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $85.81 million, a price-to-earnings ratio of 8.13 and a beta of 0.01.

Southern Michigan Bancorp (OTCMKTS:SOMC) last issued its quarterly earnings results on Friday, February 14th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter. Southern Michigan Bancorp had a return on equity of 10.30% and a net margin of 12.29%. The firm had revenue of $12.95 million during the quarter.

Southern Michigan Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.45%. This is a positive change from Southern Michigan Bancorp’s previous quarterly dividend of $0.15. Southern Michigan Bancorp’s payout ratio is currently 28.07%.

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.