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Last $22.80 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

southern michigan bancorp (SOMC) Snapshot

Open
$22.80
Previous Close
$22.80
Day High
$22.80
Day Low
$22.80
52 Week High
02/6/15 - $23.51
52 Week Low
06/2/14 - $17.78
Market Cap
51.7M
Average Volume 10 Days
199.5
EPS TTM
$2.03
Shares Outstanding
2.3M
EX-Date
06/30/15
P/E TM
11.2x
Dividend
$0.64
Dividend Yield
2.63%
Current Stock Chart for SOUTHERN MICHIGAN BANCORP (SOMC)

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southern michigan bancorp (SOMC) Related Businessweek News

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southern michigan bancorp (SOMC) Details

Southern Michigan Bancorp, Inc. operates as the bank holding company for Southern Michigan Bank & Trust, which provides commercial banking products and services to individuals, businesses, institutions, and government agencies in the southwest Michigan communities. The company accepts a range of deposit products, such as interest and non-interest checking, passbook savings, and money market accounts, as well as time deposits and certificates of deposit. It provides commercial and agricultural loans; commercial, residential, and construction real estate loans; and consumer loans. In addition, the company offers trust and investment services, which include investment management, trustee services, IRA rollovers and retirement plans, institutional and personal custody, estate settlement, wealth management, estate planning assistance, wealth transfer planning assistance, charitable gift planning assistance, and cash management custody; and safe deposit and automated teller machine services. It operates 15 banking offices in Battle Creek, Camden, Centreville, Coldwater, Constantine, Hillsdale, Marshall, Mendon, Tekonsha, Three Rivers, and Union City, Michigan. The company is headquartered in Coldwater, Michigan.

southern michigan bancorp (SOMC) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

southern michigan bancorp (SOMC) Key Developments

Southern Michigan Bancorp Inc. Declares Quarterly Dividend, Payable on July 17, 2015

Southern Michigan Bancorp Inc. annual meeting Chairman and CEO John Castle announced that the board of directors approved an increase to the quarterly cash dividend that will be paid in July 2015. The $0.16 per share dividend is an increase of $0.01 per share over the April 2015 cash dividend payment. The annualized cash dividend of $0.64 per share represents a 2.78% dividend yield based on the current market price of $23.00 per share. The dividend will be payable July 17, 2015 to shareholders of record as of July 2, 2015.

Southern Michigan Bancorp, Inc. Announces Earnings Results for the First Quarter Ended March 31, 2015; Announces Net Charge-Offs for the First Quarter Ended March 31, 2015

Southern Michigan Bancorp Inc. announced earnings results for the first quarter ended March 31, 2015. The company reported net income of $1,209,000, or $0.50 per share, for the quarter ended March 31, 2015. This compared to net income of $1,102,000, or $0.46 per share, for the first quarter of 2014. The annualized return on average assets for the three month period ended March 31, 2015 was 0.87% compared to 0.80% for the first quarter of 2014. The annualized return on average equity was 7.91% for the first quarter of 2015 compared to 7.65% for the first quarter of 2014. Net interest income was $4,745,000 compared to $4,534,000 for the first quarter of 2014. Income before income taxes was $1,667,000 compared to $1,511,000 for the first quarter of 2014. Total interest income was $5,125,000 compared to $4,997,000 a year ago. The company's net charge-offs decreased 22.9% totaling $108,000 for the first quarter of 2015, compared to $140,000 during the first quarter of 2014.

Southern Michigan Bancorp Inc., Annual General Meeting, May 07, 2015

Southern Michigan Bancorp Inc., Annual General Meeting, May 07, 2015., at 16:00 US Eastern Standard Time.

 

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SOMC:US $22.80 USD 0.00

SOMC Competitors

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Company Last Change
ChoiceOne Financial Services Inc $22.50 USD -0.11
Commercial National Financial Corp/PA $23.30 USD -0.05
HMN Financial Inc $11.32 USD +0.02
Mackinac Financial Corp $11.55 USD 0.00
PSB Holdings Inc/WI $42.00 USD 0.00
View Industry Companies
 

Industry Analysis

SOMC

Industry Average

Valuation SOMC Industry Range
Price/Earnings 11.2x
Price/Sales 2.2x
Price/Book 0.9x
Price/Cash Flow 11.1x
TEV/Sales 0.0x
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