Southern Banc (OTCMKTS:SRNN) Announces Quarterly Earnings Results

Southern Banc (OTCMKTS:SRNN) released its quarterly earnings results on Wednesday. The company reported $0.49 earnings per share for the quarter, Zacks reports. Southern Banc had a return on equity of 5.65% and a net margin of 7.55%.

Southern Banc Stock Up 0.1%

Southern Banc stock traded up $0.01 during mid-day trading on Wednesday, hitting $11.30. 200 shares of the stock were exchanged, compared to its average volume of 563. The stock has a market capitalization of $9.15 million, a price-to-earnings ratio of 9.34 and a beta of -0.09. Southern Banc has a 12 month low of $9.71 and a 12 month high of $12.70. The firm’s fifty day simple moving average is $10.22 and its two-hundred day simple moving average is $10.52.

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.