SouthCrest Financial Group Inc to Post Q3 2019 Earnings of $0.15 Per Share, FIG Partners Forecasts (SCSG)

SouthCrest Financial Group Inc (OTCMKTS:SCSG) – Equities research analysts at FIG Partners lowered their Q3 2019 earnings per share (EPS) estimates for SouthCrest Financial Group in a report released on Thursday, October 25th. FIG Partners analyst C. Marinac now expects that the bank will post earnings per share of $0.15 for the quarter, down from their previous forecast of $0.16. FIG Partners has a “Market-Perform” rating on the stock. FIG Partners also issued estimates for SouthCrest Financial Group’s FY2019 earnings at $0.57 EPS, Q1 2020 earnings at $0.15 EPS, Q2 2020 earnings at $0.16 EPS, Q3 2020 earnings at $0.18 EPS and FY2020 earnings at $0.68 EPS.

SouthCrest Financial Group (OTCMKTS:SCSG) last announced its earnings results on Wednesday, October 24th. The bank reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. The business had revenue of $5.90 million for the quarter, compared to the consensus estimate of $5.79 million.

Several other brokerages have also issued reports on SCSG. ValuEngine lowered SouthCrest Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Zacks Investment Research lowered SouthCrest Financial Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st.

Shares of SouthCrest Financial Group stock opened at $10.36 on Monday. SouthCrest Financial Group has a one year low of $9.85 and a one year high of $12.80.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be issued a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $0.12 annualized dividend and a yield of 1.16%.

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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Earnings History and Estimates for SouthCrest Financial Group (OTCMKTS:SCSG)

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