Zacks Investment Research Upgrades SouthCrest Financial Group (SCSG) to Hold

Zacks Investment Research upgraded shares of SouthCrest Financial Group (OTCMKTS:SCSG) from a sell rating to a hold rating in a research report report published on Thursday morning.

According to Zacks, “SouthCrest Financial Group, Inc., through its subsidiaries, provides commercial and community-banking products and services. It is the parent company of four bank subsidiaries, Bank of Upson, The First National Bank of Polk County, Peachtree and Bank of Chickamauga. It offers various deposit products, consumer loans to individuals; commercial loans to small and medium-sized businesses, and professional organizations; and secured real estate loans, including residential and commercial construction loans, and first and second mortgage loans for the acquisition and improvement of personal residences. In addition, it provides traveler’s checks; brokerage services for stocks, bonds, mutual funds, IRA’s, 529 plans, retirement plans, certificates of deposit, and insurance products; and estate analysis, consultation, and estate and agency accounts, as well as non-profit agency services. The company is headquartered in Fayetteville, Georgia. “

Shares of SouthCrest Financial Group (SCSG) opened at $10.80 on Thursday. SouthCrest Financial Group has a 1-year low of $8.10 and a 1-year high of $10.80. The firm has a market capitalization of $66.59, a price-to-earnings ratio of 22.04 and a beta of 0.15.

SouthCrest Financial Group (OTCMKTS:SCSG) last issued its earnings results on Thursday, October 26th. The bank reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). The business had revenue of $7.42 million during the quarter, compared to analyst estimates of $6.03 million. analysts expect that SouthCrest Financial Group will post -0.04 EPS for the current year.

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About SouthCrest Financial Group

SouthCrest Financial Group, Inc is a bank holding company for SouthCrest Bank, N.A. (the Bank). The Bank is a retail bank operation, which offers consumer and commercial loans, checking, savings, credit cards, debit cards, online banking and bill pay services. The Company operates 10 branches throughout Georgia.

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