Southern Banc (OTCMKTS:SRNN) Trading Up 5.9% – Still a Buy?

Southern Banc Co. (OTCMKTS:SRNN) was up 5.9% during mid-day trading on Friday . The stock traded as high as $12.60 and last traded at $12.60. Approximately 100 shares changed hands during trading, a decline of 26% from the average daily volume of 136 shares. The stock had previously closed at $11.90.

Southern Banc Price Performance

The firm’s 50-day moving average is $11.53 and its 200-day moving average is $10.70. The company has a market capitalization of $10.21 million, a P/E ratio of 10.33 and a beta of -0.08.

Southern Banc (OTCMKTS:SRNN) last announced its earnings results on Wednesday, February 11th. The company reported $0.49 earnings per share (EPS) for the quarter. The company had revenue of $2.50 million during the quarter. Southern Banc had a net margin of 7.47% and a return on equity of 5.56%.

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.