SouthCrest Financial Group (OTCMKTS:SCSG) Stock Price Down 1%

SouthCrest Financial Group Inc (OTCMKTS:SCSG)’s share price was down 1% during mid-day trading on Tuesday . The company traded as low as $8.66 and last traded at $8.66, approximately 10,800 shares changed hands during trading. An increase of 138% from the average daily volume of 4,545 shares. The stock had previously closed at $8.75.

Separately, Zacks Investment Research raised SouthCrest Financial Group from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Wednesday, August 28th.

The business has a 50 day moving average of $9.25 and a two-hundred day moving average of $9.64.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.31%. This is a positive change from SouthCrest Financial Group’s previous quarterly dividend of $0.04. The ex-dividend date is Thursday, October 31st.

About SouthCrest Financial Group (OTCMKTS:SCSG)

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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