Southern Banc (OTCMKTS:SRNN) Shares Up 6.4%

The Southern Banc Company, Inc. (OTCMKTS:SRNN)’s stock price shot up 6.4% during mid-day trading on Thursday . The stock traded as high as $12.50 and last traded at $12.50. 501 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 972 shares. The stock had previously closed at $11.75.

Southern Banc Price Performance

The stock has a market cap of $10.12 million, a price-to-earnings ratio of 4.90 and a beta of -0.35. The stock has a 50 day simple moving average of $11.59 and a 200 day simple moving average of $12.00.

Southern Banc (OTCMKTS:SRNN) last released its quarterly earnings data on Thursday, August 15th. The company reported $0.55 earnings per share for the quarter. The firm had revenue of $2.37 million for the quarter. Southern Banc had a net margin of 15.12% and a return on equity of 12.13%.

Southern Banc Company Profile

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.