Short Interest in Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) Increases By 100.0%

In January, Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC - Get Free Report) experienced a significant rise in its short interest. As of January 31st, the total short interest reached 200 shares, marking a substantial increase of 100.0% from the 100 shares reported on January 15th. Considering the average daily trading volume of 3,400 shares, the current short-interest ratio stands at 0.1 days.

Southern Michigan Bancorp Price Performance

During midday trading on Friday, Southern Michigan Bancorp’s stock price remained stable at $19.20. The company has a fifty-day simple moving average of $19.03 and a 200-day simple moving average of $18.06. With a market capitalization of $87.74 million, it has a P/E ratio of 8.53 and a low beta of 0.27. The firm also reports a debt-to-equity ratio of 1.29, along with a current ratio and a quick ratio both at 0.93. Over the past year, the stock has fluctuated between a low of $15.60 and a high of $19.50.

Southern Michigan Bancorp recently disclosed its earnings results on February 14th. The financial institution reported earnings per share (EPS) of $0.57 for the quarter. The net margin was recorded at 12.27%, while the return on equity was 10.19%. The company's revenue for the quarter amounted to $12.95 million.

Southern Michigan Bancorp Announces Dividend

The bank also declared a quarterly dividend, which was distributed on January 24th. Shareholders recorded on January 10th received a dividend of $0.15 per share, amounting to an annualized dividend of $0.60 and representing a dividend yield of 3.13%. The ex-dividend date was set for January 10th. The company's payout ratio currently stands at 26.67%.

About Southern Michigan Bancorp

Southern Michigan Bancorp, Inc. acts as the bank holding company for Southern Michigan Bank & Trust. The company provides a variety of commercial banking services aimed at individuals, businesses, institutions, and governmental agencies in southwest Michigan. Its offerings include both interest and non-interest checking accounts, savings accounts, various money market accounts, as well as certificates of deposit and IRAs.

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