Southern Michigan Bancorp (OTCMKTS:SOMC) Shares Pass Above 200 Day Moving Average – Time to Sell?

Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

Southern Michigan Bancorp Stock Down 2.5 %

The company has a market capitalization of $85.81 million, a P/E ratio of 8.13 and a beta of 0.01. The business’s fifty day moving average price is $18.94 and its 200 day moving average price is $18.56. 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 (OTCMKTS:SOMC) last issued its earnings results on Friday, February 14th. The financial services provider reported $0.57 EPS for the quarter. Southern Michigan Bancorp had a net margin of 12.29% and a return on equity of 10.30%. The company had revenue of $12.95 million for the quarter.

Southern Michigan Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be issued a $0.16 dividend. The ex-dividend date 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 dividend payout ratio (DPR) 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.