Southern Michigan Bancorp, Inc. (SOMC) to Issue Quarterly Dividend of $0.15 on January 24th

Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) announced a quarterly dividend on Tuesday, December 17th,RTT News reports. Shareholders of record on Friday, January 10th will be given a dividend of 0.15 per share by the financial services provider on Friday, January 24th. This represents a $0.60 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Friday, January 10th.

Southern Michigan Bancorp Trading Down 1.3 %

Southern Michigan Bancorp stock traded down $0.25 during trading hours on Thursday, reaching $19.25. The company had a trading volume of 200 shares, compared to its average volume of 3,063. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.93 and a quick ratio of 0.93. Southern Michigan Bancorp has a 12-month low of $15.50 and a 12-month high of $19.50. The company has a 50-day moving average price of $18.33 and a 200 day moving average price of $17.24. The firm has a market cap of $87.88 million, a price-to-earnings ratio of 8.56 and a beta of 0.28.

Southern Michigan Bancorp (OTCMKTS:SOMC) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $0.57 EPS for the quarter. The company had revenue of $12.57 million during the quarter. Southern Michigan Bancorp had a return on equity of 10.19% and a net margin of 12.27%.

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.