Southern Michigan Bancorp, Inc.

Southern Michigan Bancorp, Inc.verified

SOMC

Price:

$17.4

Market Cap:

$79.77M

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 line of credit, and auto/personal loans; business loans, such as lines of credit, term loans, commercial real estate loans, commercial and industrial loans, agricu...[Read more]

Industry

Banks - Regional

IPO Date

1999-04-26

Stock Exchange

PNK

Ticker

SOMC

The PE Ratio as of September 2024 (TTM) for Southern Michigan Bancorp, Inc. (SOMC) is 9.89

According to Southern Michigan Bancorp, Inc.’s latest financial reports and current stock price. The company's current PE Ratio is 9.89. This represents a change of 37.64% compared to the average of 7.19 of the last 4 quarters.

Southern Michigan Bancorp, Inc. (SOMC) Historical PE Ratio (quarterly & annually)

How has SOMC PE Ratio performed in the past?

The mean historical PE Ratio of Southern Michigan Bancorp, Inc. over the last ten years is 10.13. The current 9.89 PE Ratio has changed 9.67% with respect to the historical average. Over the past ten years (40 quarters), SOMC's PE Ratio was at its highest in in the December 2017 quarter at 28.78. The PE Ratio was at its lowest in in the December 2022 quarter at 6.07.

Quarterly (TTM)
Annual

Average

10.13

Median

10.51

Minimum

6.46

Maximum

16.12

Southern Michigan Bancorp, Inc. (SOMC) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Southern Michigan Bancorp, Inc. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 37.18%

Maximum Annual PE Ratio = 16.12

Minimum Annual Increase = -32.82%

Minimum Annual PE Ratio = 6.46

Quarterly (TTM)
Annual
YearPE RatioChange
20236.622.37%
20226.46-17.23%
20217.81-26.31%
202010.605.50%
201910.04-7.26%
201810.83-32.82%
201716.1237.18%
201611.7512.34%
201510.46-0.95%
201410.5612.43%

Southern Michigan Bancorp, Inc. (SOMC) Average PE Ratio

How has SOMC PE Ratio performed in the past?

The current PE Ratio of Southern Michigan Bancorp, Inc. (SOMC) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

6.96

5-year avg

8.31

10-year avg

10.13

Southern Michigan Bancorp, Inc. (SOMC) PE Ratio vs. Peers

How is SOMC’s PE Ratio compared to its peers?

Southern Michigan Bancorp, Inc.’s PE Ratio is greater than FS Bancorp (9.27), greater than Eastern Michigan Financial Corporation (6.59), less than Sturgis Bancorp, Inc. (17.27), greater than Grand River Commerce, Inc. (-5.40), greater than Bank of Botetourt (7.85), greater than Century Financial Corporation (6.57), greater than Keweenaw Financial Corporation (0), greater than Bank of Utica (5.57), greater than Killbuck Bancshares, Inc. (6.64), greater than CNB Corporation (6.95), less than Village Bank and Trust Financial Corp. (29.88), greater than United Bancorporation of Alabama, Inc. (5.67), less than Wintrust Financial Corporation (10.86), less than Associated Banc-Corp (17.58), less than Home Federal Bancorp, Inc. of Louisiana (11.48), less than Lake Shore Bancorp, Inc. (17.42), less than HMN Financial, Inc. (22.86), greater than Oak Valley Bancorp (9.27), less than Cullman Bancorp, Inc. (17.40),

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