Equities Analysts Set Expectations for SouthCrest Financial Group Inc’s Q3 2019 Earnings (SCSG)
SouthCrest Financial Group Inc (OTCMKTS:SCSG) – Analysts at FIG Partners reduced their Q3 2019 earnings per share estimates for SouthCrest Financial Group in a report released on Thursday, October 25th. FIG Partners analyst C. Marinac now expects that the bank will earn $0.15 per share for the quarter, down from their prior 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.
Other equities analysts have also issued reports about the stock. ValuEngine lowered shares of SouthCrest Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Zacks Investment Research raised shares of SouthCrest Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, September 27th.
SouthCrest Financial Group (OTCMKTS:SCSG) last announced its quarterly earnings data 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 analyst estimates of $5.79 million.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Wednesday, October 31st.
About SouthCrest Financial Group
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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