Southern Banc (OTCMKTS:SRNN) Announces Quarterly Earnings Results

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

Southern Banc Trading Up 1.4%

SRNN stock traded up $0.23 during midday trading on Wednesday, hitting $16.69. The company had a trading volume of 3,170 shares, compared to its average volume of 1,013. The stock has a market cap of $13.45 million, a price-to-earnings ratio of 11.92 and a beta of -0.05. Southern Banc has a 52 week low of $9.71 and a 52 week high of $18.00. The stock’s 50 day moving average price is $16.30 and its 200 day moving average price is $14.35.

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.