Southern Banc (OTCMKTS:SRNN) Shares Down 4.3% – Here’s Why

The Southern Banc Company, Inc. (OTCMKTS:SRNNGet Free Report)’s stock price was down 4.3% during trading on Friday . The company traded as low as $11.00 and last traded at $11.00. Approximately 800 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 3,000 shares. The stock had previously closed at $11.50.

Southern Banc Price Performance

The stock has a 50-day moving average price of $12.63 and a 200 day moving average price of $13.00. The firm has a market cap of $8.87 million, a PE ratio of 6.47 and a beta of -0.33.

Southern Banc (OTCMKTS:SRNNGet Free Report) last posted its quarterly earnings results on Friday, February 14th. The company reported $0.48 EPS for the quarter. The company had revenue of $2.37 million during the quarter. Southern Banc had a return on equity of 8.90% and a net margin of 11.31%.

About Southern Banc

(Get Free Report)

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.

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