Zacks Investment Research Downgrades SouthCrest Financial Group (OTCMKTS:SCSG) to Sell

Zacks Investment Research cut shares of SouthCrest Financial Group (OTCMKTS:SCSG) from a hold rating to a sell rating in a research note published on Wednesday, Zacks.com reports.

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. “

OTCMKTS SCSG opened at $9.60 on Wednesday. The company has a fifty day simple moving average of $9.89 and a 200 day simple moving average of $9.76. SouthCrest Financial Group has a 1 year low of $8.70 and a 1 year high of $10.82.

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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