Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) Declares Dividend Increase – $0.15 Per Share

Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) announced a quarterly dividend on Tuesday, March 26th, NASDAQ reports. Investors of record on Friday, April 5th will be paid a dividend of 0.15 per share by the financial services provider on Friday, April 19th. This represents a $0.60 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date is Thursday, April 4th. This is a positive change from Southern Michigan Bancorp’s previous quarterly dividend of $0.14.

Southern Michigan Bancorp Stock Down 5.0 %

Southern Michigan Bancorp stock traded down $0.88 during midday trading on Wednesday, reaching $16.67. The stock had a trading volume of 729 shares, compared to its average volume of 4,382. The firm’s fifty day simple moving average is $17.59 and its 200-day simple moving average is $16.76. Southern Michigan Bancorp has a 1-year low of $15.15 and a 1-year high of $20.50. The stock has a market capitalization of $75.35 million, a P/E ratio of 7.31 and a beta of 0.29. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.93 and a current ratio of 0.93.

Southern Michigan Bancorp (OTCMKTS:SOMC) last announced its earnings results on Monday, February 12th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter. Southern Michigan Bancorp had a return on equity of 11.98% and a net margin of 14.88%. The business had revenue of $12.41 million for the quarter.

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.