Southern Michigan Bancorp (OTCMKTS:SOMC) Shares Cross Above 200 Day Moving Average – Time to Sell?
by Mitch Edgeman · The Markets DailySouthern Michigan Bancorp Inc. (OTCMKTS:SOMC – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $26.11 and traded as high as $31.50. Southern Michigan Bancorp shares last traded at $31.50, with a volume of 100 shares traded.
Southern Michigan Bancorp Stock Performance
The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $146.47 million, a P/E ratio of 11.75 and a beta of 0.20. The business’s fifty day simple moving average is $28.54 and its 200-day simple moving average is $26.15.
Southern Michigan Bancorp (OTCMKTS:SOMC – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.71 EPS for the quarter. Southern Michigan Bancorp had a net margin of 13.00% and a return on equity of 10.60%. The business had revenue of $15.33 million during 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.