Southern Michigan Bancorp (OTCMKTS:SOMC) Shares Pass Below 200-Day Moving Average – Should You Sell?

Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $18.64 and traded as low as $17.10. Southern Michigan Bancorp shares last traded at $18.50, with a volume of 1,423 shares traded.

Southern Michigan Bancorp Stock Performance

The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.93 and a current ratio of 0.93. The business’s 50-day moving average is $18.94 and its 200-day moving average is $18.64. The company has a market capitalization of $85.67 million, a PE ratio of 8.11 and a beta of 0.01.

Southern Michigan Bancorp (OTCMKTS:SOMC) last released its earnings results on Friday, February 14th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter. Southern Michigan Bancorp had a net margin of 12.29% and a return on equity of 10.30%. The firm had revenue of $12.95 million during the quarter.

Southern Michigan Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.46%. This is an increase from Southern Michigan Bancorp’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, April 4th. Southern Michigan Bancorp’s payout ratio is 28.07%.

About Southern Michigan Bancorp

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.