|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||15.10 - 15.10|
|52 Week Range||13.00 - 22.00|
|Beta (5Y Monthly)||0.75|
|PE Ratio (TTM)||10.13|
|Earnings Date||Oct 23, 2020|
|Forward Dividend & Yield||0.32 (2.12%)|
|Ex-Dividend Date||Nov 03, 2020|
|1y Target Est||N/A|
GrandSouth Bancorporation (GRRB:OTCQX), the holding company for GrandSouth Bank ("Bank"), announced that on November 13, 2020 it completed a private placement of $18.0 million in aggregate principal amount of fixed-to-floating rate subordinated notes due November 2030.
GrandSouth Bancorporation (GRRB:OTCQX), the holding company for GrandSouth Bank, announced today that net income for the third quarter of 2020 was $1.9 million and total assets increased to over $1 billion. The Board of Directors declared a dividend of $0.08 per common share ($0.084 per Series A preferred share) payable on November 20, 2020 to shareholders of record on November 4, 2020.
GrandSouth Bancorporation (GRRB:OTCQX), the holding company for GrandSouth Bank (the "Company"), today reported earnings of $1.6 million for the quarter ending June 30, 2020, compared to earnings of $2.0 million for the same period in 2019. During the first and second quarter of 2020, results were negatively affected by the decision to further bolster the allowance for loan losses, increasing the reserve to 1.42% of loans at the end of the first quarter and then further to 1.50% of loans excluding Small Business Administration ("SBA") Payroll Protection Plan ("PPP") loans at the end of the second quarter. Our credit metrics continue to look strong at the end of the second quarter, but we believe the higher reserve is necessary should economic conditions remain weak for an extended period of time.