SouthCrest Financial Group Inc (NASDAQ:SCSG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

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 (NASDAQ:SCSG) opened at 9.18 on Wednesday. The company has a market cap of $56.59 million and a PE ratio of 5.88. The stock’s 50 day moving average is $9.08 and its 200-day moving average is $8.61. SouthCrest Financial Group has a one year low of $7.10 and a one year high of $9.26.

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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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