Southern Banc (OTCMKTS:SRNN) Stock Price Down 9.9% – Here’s Why

The Southern Banc Company, Inc. (OTCMKTS:SRNN)’s share price traded down 9.9% during mid-day trading on Friday . The company traded as low as $11.44 and last traded at $11.44. 2,200 shares were traded during trading, an increase of 14% from the average session volume of 1,933 shares. The stock had previously closed at $12.70.

Southern Banc Stock Performance

The company has a market capitalization of $9.22 million, a price-to-earnings ratio of 6.73 and a beta of -0.32. The business’s 50-day simple moving average is $13.31 and its 200-day simple moving average is $13.07.

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