Southern Michigan Bancorp Inc. (OTCMKTS:SOMC – Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 126 shares, a drop of 44.0% from the July 15th total of 225 shares. Based on an average daily volume of 532 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.
Southern Michigan Bancorp Stock Performance
Shares of OTCMKTS SOMC traded down $0.26 during mid-day trading on Monday, reaching $31.49. 500 shares of the company’s stock were exchanged, compared to its average volume of 1,801. The firm has a market capitalization of $146.43 million, a price-to-earnings ratio of 11.93 and a beta of 0.20. Southern Michigan Bancorp has a 52 week low of $22.00 and a 52 week high of $32.00. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a 50-day moving average price of $31.38 and a two-hundred day moving average price of $28.23.
Southern Michigan Bancorp (OTCMKTS:SOMC – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.66 earnings per share for the quarter. The company had revenue of $16.19 million for the quarter. Southern Michigan Bancorp had a net margin of 12.60% and a return on equity of 10.21%.
Southern Michigan Bancorp Company Profile
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.
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