Southern Michigan Bancorp (OTCMKTS:SOMC) Reaches New 12-Month High – What’s Next?

Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $406.5956 and last traded at $406.5956, with a volume of 28193 shares changing hands. The stock had previously closed at $24.79.

Southern Michigan Bancorp Price Performance

The firm has a market cap of $110.97 million, a price-to-earnings ratio of 9.31 and a beta of 0.13. The company’s fifty day moving average is $24.08 and its 200 day moving average is $23.63. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.17.

Southern Michigan Bancorp (OTCMKTS:SOMC) last issued its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter. Southern Michigan Bancorp had a net margin of 13.18% and a return on equity of 10.82%. The firm had revenue of $14.70 million for the quarter.

About Southern Michigan Bancorp

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.