SouthCrest Financial Group Inc (SCSG) Issues Earnings Results

SouthCrest Financial Group Inc (NASDAQ:SCSG) announced its quarterly earnings results on Thursday. The bank reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01), Bloomberg Earnings reports. The firm had revenue of $7.42 million during the quarter, compared to the consensus estimate of $6.03 million. SouthCrest Financial Group had a return on equity of 6.04% and a net margin of 17.01%.

Shares of SouthCrest Financial Group (SCSG) traded up 5.00% during midday trading on Friday, hitting $10.50. 3,242 shares of the stock were exchanged. The stock has a market cap of $64.73 million and a P/E ratio of 6.73. The firm has a 50 day moving average of $9.36 and a 200-day moving average of $8.82. SouthCrest Financial Group has a 12 month low of $7.45 and a 12 month high of $10.50.

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Separately, Zacks Investment Research lowered shares of SouthCrest Financial Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 30th.

SouthCrest Financial Group Company Profile

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 over 12 branches and approximately three loan offices throughout Georgia and Alabama.

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