Southern Banc (OTCMKTS:SRNN) Posts Earnings Results

Southern Banc (OTCMKTS:SRNN) released its quarterly earnings results on Wednesday. The company reported $0.64 earnings per share (EPS) for the quarter, Zacks reports. Southern Banc had a return on equity of 6.13% and a net margin of 8.42%.The business had revenue of $2.97 million during the quarter.

Southern Banc Stock Performance

SRNN opened at $16.55 on Friday. Southern Banc has a fifty-two week low of $9.71 and a fifty-two week high of $18.00. The company has a market capitalization of $13.41 million, a P/E ratio of 8.90 and a beta of 0.04. The stock has a fifty day moving average of $16.30 and a 200-day moving average of $14.42.

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.