Southern Banc (OTCMKTS:SRNN) Shares Down 0.6% – Here’s Why

Southern Banc Co. (OTCMKTS:SRNN)’s share price traded down 0.6% on Friday. The company traded as low as $16.50 and last traded at $16.50. 473 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 685 shares. The stock had previously closed at $16.60.

Southern Banc Price Performance

The business’s 50-day simple moving average is $16.30 and its two-hundred day simple moving average is $14.96. The stock has a market cap of $13.37 million, a price-to-earnings ratio of 8.87 and a beta of 0.04.

Southern Banc (OTCMKTS:SRNN) last announced its quarterly earnings results on Wednesday, September 30th. The company reported $0.64 earnings per share (EPS) for the quarter. Southern Banc had a net margin of 10.75% and a return on equity of 8.03%. The company had revenue of $2.97 million during the quarter.

Southern Banc Company Profile

Southern Banc Company, Inc is a bank holding company headquartered in Poplar Bluff, Missouri. Through its banking subsidiary, Southern Bank, the company provides community banking services to individuals, businesses and organizations.

Southern Bank’s offerings generally include deposit accounts, consumer and commercial loans, mortgage lending, cash-management services and online banking. The bank’s activities are focused on relationship-based financial services for customers in the communities it serves.

The company’s operations are centered in southeastern Missouri and surrounding areas, including portions of northeastern Arkansas.