Southern Michigan Bancorp (OTCMKTS:SOMC) Stock Crosses Above 50-Day Moving Average of $38.18

Southern Michigan Bancorp (OTCMKTS:SOMC)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $38.18 and traded as high as $38.50. Southern Michigan Bancorp shares last traded at $38.50, with a volume of 1,600 shares traded.

The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.52. The stock’s 50-day simple moving average is $38.29 and its 200-day simple moving average is $37.60. The firm has a market capitalization of $89.32 million, a P/E ratio of 10.32 and a beta of 0.33.

Southern Michigan Bancorp (OTCMKTS:SOMC) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.10 EPS for the quarter. Southern Michigan Bancorp had a net margin of 21.76% and a return on equity of 10.92%. The firm had revenue of $8.77 million during the quarter.

Southern Michigan Bancorp Company Profile (OTCMKTS:SOMC)

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 southern Michigan communities. Its deposit products include interest and non-interest checking, passbook savings, and various types of money market accounts; time, savings, and demand deposits; and certificates of deposit.

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