Southern Michigan Bancorp (OTCMKTS:SOMC) Shares Cross Below 200-Day Moving Average – What’s Next?

Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $23.75 and traded as low as $23.75. Southern Michigan Bancorp shares last traded at $23.75, with a volume of 923 shares.

Southern Michigan Bancorp Price Performance

The business’s 50 day simple moving average is $23.96 and its 200-day simple moving average is $23.79. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $114.30 million, a price-to-earnings ratio of 9.59 and a beta of 0.11.

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

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.