Zacks Investment Research cut shares of SouthCrest Financial Group Inc (NASDAQ:SCSG) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

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 9.10 on Wednesday. The stock has a market cap of $56.10 million and a P/E ratio of 5.83. SouthCrest Financial Group has a one year low of $7.00 and a one year high of $9.20. The stock has a 50 day moving average of $8.66 and a 200 day moving average of $8.54.

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

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