Southern Banc (OTCMKTS:SRNN) Trading Down 4.5% – Here’s What Happened

Southern Banc Co. (OTCMKTS:SRNN)’s share price fell 4.5% during mid-day trading on Thursday . The stock traded as low as $14.50 and last traded at $14.50. 140 shares were traded during mid-day trading, a decline of 75% from the average session volume of 551 shares. The stock had previously closed at $15.19.

Southern Banc Price Performance

The stock’s 50 day simple moving average is $12.54 and its two-hundred day simple moving average is $11.33. The stock has a market cap of $11.75 million, a price-to-earnings ratio of 10.36 and a beta of -0.02.

Southern Banc (OTCMKTS:SRNN) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.48 earnings per share (EPS) for the quarter. Southern Banc had a return on equity of 6.13% and a net margin of 8.42%.The business had revenue of $2.53 million during the quarter.

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.