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

Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC - Get Free Report) experienced a significant increase in short interest during January. As of January 31st, the total short interest reached 200 shares, marking a remarkable growth of 100.0% from the total of 100 shares reported on January 15th. With an average daily trading volume of 3,400 shares, the short-interest ratio is now at 0.1 days.

Recent Price Performance of Southern Michigan Bancorp

On Friday, SOMC's stock price remained steady at $19.20 during midday trading. The company has a fifty-day simple moving average of $19.03 and a 200-day simple moving average of $18.06. Southern Michigan Bancorp holds a market cap of $87.74 million and has a P/E ratio of 8.53, alongside a beta of 0.27. Its debt-to-equity ratio is noted at 1.29, with both a current ratio and quick ratio of 0.93. The stock has fluctuated within a 52-week range, hitting a low of $15.60 and a high of $19.50.

Southern Michigan Bancorp last reported its earnings results on Friday, February 14th. The financial services institution disclosed earnings per share (EPS) of $0.57 for the quarter. Moreover, the company recorded a net margin of 12.27% and a return on equity of 10.19%. The quarterly revenue stood at $12.95 million.

Dividend Announcement from Southern Michigan Bancorp

The company recently declared a quarterly dividend that was disbursed on January 24th. Shareholders as of January 10th received a dividend of $0.15 per share. This amounts to an annualized dividend of $0.60, providing a dividend yield of 3.13%. The ex-dividend date for this distribution was also January 10th. Currently, Southern Michigan Bancorp's payout ratio is 26.67%.

Overview of Southern Michigan Bancorp

Southern Michigan Bancorp, Inc. functions as the bank holding company for Southern Michigan Bank & Trust, which offers a wide array of commercial banking services to individuals, businesses, institutions, and government agencies primarily within the southwest Michigan region. Its range of deposit products includes checking and savings accounts, money market accounts, time deposits, demand deposits, as well as certificates of deposit and Individual Retirement Accounts (IRAs).

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This news alert was created using narrative science technology and financial data to ensure prompt and accurate reporting.

Investment Considerations with Southern Michigan Bancorp

Before making any investment decision regarding Southern Michigan Bancorp, it is essential to be aware of the broader market sentiment. While analysts currently rate the stock as a "Hold," research indicates that other stocks may offer better growth opportunities. Therefore, due diligence is necessary for potential investors.

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