SouthCrest Financial Group (SCSG) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of SouthCrest Financial Group (OTCMKTS:SCSG) from a hold rating to a buy rating in a research report released on Thursday. They currently have $12.00 price objective on the bank’s stock.

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. “

SouthCrest Financial Group (SCSG) traded down $0.05 during mid-day trading on Thursday, reaching $10.35. The company had a trading volume of 3,950 shares, compared to its average volume of 3,618. SouthCrest Financial Group has a fifty-two week low of $8.10 and a fifty-two week high of $11.50. The firm has a market capitalization of $64.74, a P/E ratio of 21.22 and a beta of 0.12.

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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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