Southern Banc (OTCMKTS:SRNN) Trading Down 4.5% – Should You Sell?

Southern Banc Co. (OTCMKTS:SRNN) dropped 4.5% during trading on Thursday . The company traded as low as $14.50 and last traded at $14.50. Approximately 140 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 551 shares. The stock had previously closed at $15.19.

Southern Banc Stock Performance

The stock’s 50-day moving average is $12.48 and its 200 day moving average is $11.30. The stock has a market capitalization of $11.75 million, a PE ratio of 10.36 and a beta of -0.02.

Southern Banc (OTCMKTS:SRNN) last posted its earnings results on Thursday, May 14th. The company reported $0.48 EPS for the quarter. The firm had revenue of $2.53 million for the quarter. Southern Banc had a net margin of 8.42% and a return on equity of 6.13%.

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. The Southern Banc Company, Inc was founded in 1936 and is based in Gadsden, Alabama.