Southern Banc Co. (OTCMKTS:SRNN) Sees Large Decline in Short Interest

Southern Banc Co. (OTCMKTS:SRNN) was the recipient of a large decline in short interest in October. As of October 30th, there was short interest totaling 259 shares, a decline of 72.5% from the October 15th total of 943 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 2,017 shares, the short-interest ratio is currently 0.1 days.

Southern Banc Stock Performance

Shares of Southern Banc stock remained flat at $17.38 during trading on Friday. 2,639 shares of the stock traded hands, compared to its average volume of 739. The stock has a market capitalization of $14.08 million, a price-to-earnings ratio of 9.34 and a beta of 0.33. Southern Banc has a 52-week low of $9.71 and a 52-week high of $18.00. The company’s 50 day moving average price is $16.58 and its 200-day moving average price is $14.19.

Southern Banc (OTCMKTS:SRNN) last issued its quarterly earnings data on Thursday, November 12th. The company reported $0.99 earnings per share (EPS) for the quarter. The company had revenue of $3.23 million for the quarter. Southern Banc had a return on equity of 8.03% and a net margin of 10.75%.

About Southern Banc

Southern Banc is a bank holding company for Southern Bank, a community-focused financial institution serving individuals, families and businesses in portions of Missouri and Arkansas. Its banking operations are centered on relationship-based financial services for local markets. Southern Bank provides deposit products such as checking and savings accounts, money market accounts and certificates of deposit. Its lending activities include residential real estate, commercial, agricultural and consumer loans.