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

Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 100 shares, a drop of 50.0% from the February 13th total of 200 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 11,600 shares, the days-to-cover ratio is currently 0.0 days.

Southern Michigan Bancorp Trading Up 1.1 %

Shares of Southern Michigan Bancorp stock opened at $19.00 on Friday. The firm has a 50-day moving average of $18.91 and a 200-day moving average of $18.35. The stock has a market cap of $86.89 million, a PE ratio of 8.33 and a beta of 0.27. Southern Michigan Bancorp has a 52-week low of $15.60 and a 52-week high of $19.50. 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 (OTCMKTS:SOMC) last announced its earnings results on Friday, February 14th. The financial services provider reported $0.57 earnings per share (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 during the quarter.

Southern Michigan Bancorp Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 3.16%. Southern Michigan Bancorp’s dividend payout ratio is 26.32%.

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.