Southern Michigan Bancorp (OTCMKTS:SOMC) Announces 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 net margin of 12.27% and a return on equity of 10.19%.

Southern Michigan Bancorp Price Performance

Shares of OTCMKTS SOMC opened at $19.20 on Friday. Southern Michigan Bancorp has a 1 year low of $15.60 and a 1 year high of $19.50. The firm’s 50 day moving average price is $19.03 and its 200 day moving average price is $18.06. The firm has a market cap of $87.74 million, a P/E ratio of 8.53 and a beta of 0.27. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.93 and a current ratio of 0.93.

Southern Michigan Bancorp Announces Dividend

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