Southern Banc (OTCMKTS:SRNN) Releases Earnings Results

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

Southern Banc Price Performance

Shares of Southern Banc stock traded up $0.01 during midday trading on Wednesday, hitting $11.30. 200 shares of the company were exchanged, compared to its average volume of 563. The firm has a 50 day simple moving average of $10.22 and a 200-day simple moving average of $10.52. The firm has a market cap of $9.15 million, a P/E ratio of 9.34 and a beta of -0.09. Southern Banc has a 52 week low of $9.71 and a 52 week high of $12.70.

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.