Southern Michigan Bancorp (OTCMKTS:SOMC) Issues Quarterly Earnings Results

Southern Michigan Bancorp (OTCMKTS:SOMC) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, Zacks reports. Southern Michigan Bancorp had a return on equity of 10.65% and a net margin of 13.18%.

Southern Michigan Bancorp Stock Up 0.6%

Shares of OTCMKTS SOMC traded up $0.15 during mid-day trading on Tuesday, hitting $25.45. The company had a trading volume of 700 shares, compared to its average volume of 2,247. The business’s 50-day simple moving average is $24.58 and its 200 day simple moving average is $24.32. The company has a market capitalization of $117.58 million, a PE ratio of 9.86 and a beta of 0.12. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.95 and a quick ratio of 0.95. Southern Michigan Bancorp has a 1-year low of $17.00 and a 1-year high of $25.46.

About Southern Michigan Bancorp

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.