Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) Short Interest Down 50.0% in February

Southern Michigan Bancorp, Inc. (OTCMKTS:SOMCGet Free Report) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 100 shares, a decrease of 50.0% from the February 13th total of 200 shares. Based on an average trading volume of 11,600 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Southern Michigan Bancorp Price Performance

Southern Michigan Bancorp stock remained flat at $19.00 during mid-day trading on Friday. The business has a fifty day moving average of $18.91 and a two-hundred day moving average of $18.37. The stock has a market capitalization of $86.89 million, a price-to-earnings ratio of 8.33 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 has a twelve month low of $15.60 and a twelve month high of $19.50.

Southern Michigan Bancorp (OTCMKTS:SOMCGet Free Report) last announced its quarterly earnings data on Friday, February 14th. The financial services provider reported $0.57 EPS for the quarter. Southern Michigan Bancorp had a return on equity of 10.30% and a net margin of 12.29%. The company had revenue of $12.95 million for the quarter.

Southern Michigan Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Friday, January 10th. Southern Michigan Bancorp’s dividend payout ratio is 26.32%.

About Southern Michigan Bancorp

(Get Free Report)

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.

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