Southern Banc (OTCMKTS:SRNN) Releases Quarterly Earnings Results

Southern Banc (OTCMKTS:SRNN) announced its quarterly earnings data on Thursday. The company reported $0.48 earnings per share for the quarter, Zacks reports. Southern Banc had a return on equity of 5.56% and a net margin of 7.47%.

Southern Banc Stock Performance

Shares of Southern Banc stock remained flat at $11.60 during trading on Thursday. The firm has a market capitalization of $9.40 million, a price-to-earnings ratio of 9.51 and a beta of -0.08. The stock’s 50-day simple moving average is $11.61 and its 200-day simple moving average is $10.81. Southern Banc has a 1-year low of $9.71 and a 1-year high of $12.60.

Southern Banc Company Profile

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.