Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) Short Interest Update

Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 225 shares, a drop of 39.5% from the June 30th total of 372 shares. Based on an average daily volume of 418 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company’s stock are short sold.

Southern Michigan Bancorp Stock Up 0.0%

Shares of Southern Michigan Bancorp stock opened at $31.89 on Friday. The firm has a market cap of $148.29 million, a price-to-earnings ratio of 12.08 and a beta of 0.19. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.95 and a quick ratio of 0.95. Southern Michigan Bancorp has a 52-week low of $22.00 and a 52-week high of $32.00. The stock has a 50-day simple moving average of $31.04 and a 200-day simple moving average of $27.72.

Southern Michigan Bancorp (OTCMKTS:SOMC) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.66 EPS for the quarter. Southern Michigan Bancorp had a return on equity of 10.21% and a net margin of 12.60%.The business had revenue of $16.19 million during 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.