Southern Banc (OTCMKTS:SRNN) Stock Falls 0.6% – Here’s Why

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

Southern Banc Trading Down 0.6%

The company has a fifty day moving average price of $16.30 and a two-hundred day moving average price of $14.96. The firm has a market cap of $13.37 million, a P/E 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 for the quarter. Southern Banc had a net margin of 10.75% and a return on equity of 8.03%. The firm had revenue of $2.97 million for the quarter.

About Southern Banc

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.