Southern Banc (OTCMKTS:SRNN) Announces Earnings Results

Southern Banc (OTCMKTS:SRNN) posted its quarterly earnings data on Wednesday. The company reported $0.64 earnings per share for the quarter, Zacks reports. Southern Banc had a net margin of 8.42% and a return on equity of 6.13%.

Southern Banc Stock Performance

OTCMKTS:SRNN traded up $0.23 during mid-day trading on Wednesday, hitting $16.69. The company had a trading volume of 3,469 shares, compared to its average volume of 1,013. The firm has a market cap of $13.45 million, a P/E ratio of 11.92 and a beta of -0.05. The business’s fifty day moving average is $16.30 and its two-hundred day moving average is $14.35. Southern Banc has a fifty-two week low of $9.71 and a fifty-two week high of $18.00.

About Southern Banc

The Southern Banc Company, Inc operates as the holding company for The Southern Bank company that provides various banking products and services in Alabama. The company’s personal banking products include checking accounts, home mortgage loans, home equity loans, auto loans, and personal loans. Its business banking products comprise business checking accounts, cash flow management, real estate lending, and equipment financing. The Southern Banc Company, Inc was founded in 1936 and is based in Gadsden, Alabama.