Southern Michigan Bancorp (OTCMKTS:SOMC) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.52 and traded as high as $25.44. Southern Michigan Bancorp shares last traded at $25.44, with a volume of 3,360 shares trading hands.

Southern Michigan Bancorp Price Performance

The company has a market capitalization of $117.81 million, a P/E ratio of 9.70 and a beta of 0.11. The firm’s 50 day moving average price is $24.93 and its two-hundred day moving average price is $24.54. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.13.

Southern Michigan Bancorp (OTCMKTS:SOMC) last announced its quarterly earnings data on Tuesday, February 17th. The financial services provider reported $0.62 EPS for the quarter. Southern Michigan Bancorp had a net margin of 13.08% and a return on equity of 10.72%. The business had revenue of $15.04 million for the quarter.

Southern Michigan Bancorp Company Profile

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.