SouthCrest Financial Group (OTCMKTS:SCSG) Lifted to “Outperform” at FIG Partners

FIG Partners upgraded shares of SouthCrest Financial Group (OTCMKTS:SCSG) from a market-perform rating to an outperform rating in a research report report published on Friday, January 25th, The Fly reports. FIG Partners also issued estimates for SouthCrest Financial Group’s Q1 2019 earnings at $0.14 EPS, Q4 2019 earnings at $0.15 EPS, Q3 2020 earnings at $0.17 EPS, Q4 2020 earnings at $0.18 EPS and FY2020 earnings at $0.65 EPS.

Separately, Zacks Investment Research raised SouthCrest Financial Group from a sell rating to a hold rating in a report on Thursday, September 27th.

SCSG remained flat at $$9.53 during trading on Friday. The company’s stock had a trading volume of 934 shares, compared to its average volume of 5,749. SouthCrest Financial Group has a 52 week low of $8.70 and a 52 week high of $12.80.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, February 1st will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, January 31st. This is an increase from SouthCrest Financial Group’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a yield of 1.68%.

SouthCrest Financial Group Company Profile

SouthCrest Financial Group, Inc operates as the bank holding company for SouthCrest Bank, N.A. that provides banking services. The company accepts checking, savings, and money market accounts; and certificates of deposit. Its loan products include personal loans for cars, boats, recreational vehicles, and other purchases; home equity lines of credit; loans on investment properties; owner occupied real estate, construction and development, equipment and inventory, practice, and Georgia entertainment tax credit financing; construction to permanent, investment real estate, and acquisition and development loans; and working capital and lines of credit.

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The Fly

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