SOMC Stock Overview
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. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
My Notes
Capture your thoughts, links and company narrative
Southern Michigan Bancorp, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$19.25 |
| 52 Week High | US$19.50 |
| 52 Week Low | US$15.60 |
| Beta | 0.28 |
| 1 Month Change | 3.22% |
| 3 Month Change | 11.02% |
| 1 Year Change | 21.08% |
| 3 Year Change | -1.79% |
| 5 Year Change | 2.39% |
| Change since IPO | 235.60% |
Recent News & Updates
Recent updates
Shareholder Returns
| SOMC | US Banks | US Market | |
|---|---|---|---|
| 7D | -1.3% | -3.4% | -2.2% |
| 1Y | 21.1% | 29.3% | 23.9% |
Return vs Industry: SOMC underperformed the US Banks industry which returned 29.3% over the past year.
Return vs Market: SOMC underperformed the US Market which returned 23.9% over the past year.
Price Volatility
| SOMC volatility | |
|---|---|
| SOMC Average Weekly Movement | 2.3% |
| Banks Industry Average Movement | 5.2% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 17.0% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: SOMC has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: SOMC's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1871 | n/a | John Waldron | www.smb-t.com |
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. The company also provides home mortgages and equity loans, home equity lines of credit, VA and FHA home loans, USDA rural development loans, and auto/personal loans; business loans, such as lines of credit, term loans, commercial real estate loans, commercial and industrial loans, agriculture loans, letters of credit, small business administration loans, and capital access loans; industrial, construction, real estate, and inventory loans; and consumer lending products comprising direct and indirect loans to purchasers of residential real property and consumer goods.
Southern Michigan Bancorp, Inc. Fundamentals Summary
| SOMC fundamental statistics | |
|---|---|
| Market cap | US$87.86m |
| Earnings (TTM) | US$10.19m |
| Revenue (TTM) | US$48.42m |
8.6x
P/E Ratio0.8x
P/B RatioIs SOMC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SOMC income statement (TTM) | |
|---|---|
| Revenue | US$48.42m |
| Cost of Revenue | US$0 |
| Gross Profit | US$48.42m |
| Other Expenses | US$38.23m |
| Earnings | US$10.19m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.23 |
| Gross Margin | 100.00% |
| Net Profit Margin | 21.04% |
| Debt/Equity Ratio | 111.3% |
How did SOMC perform over the long term?
See historical performance and comparisonDividends
3.1%
Current Dividend Yield26%
Payout RatioDoes SOMC pay a reliable dividends?
See SOMC dividend history and benchmarks| Southern Michigan Bancorp dividend dates | |
|---|---|
| Ex Dividend Date | Jan 10 2025 |
| Dividend Pay Date | Jan 24 2025 |
| Days until Ex dividend | 16 days |
| Days until Dividend pay date | 30 days |
Does SOMC pay a reliable dividends?
See SOMC dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 12:12 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Southern Michigan Bancorp, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|