USCB Financial (NASDAQ:USCB) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of USCB Financial (NASDAQ:USCB) from a sell rating to a hold rating in a research report released on Sunday.

Several other equities research analysts have also issued reports on the company. Zacks Research raised USCB Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Hovde Group lifted their price objective on USCB Financial from $19.50 to $20.00 and gave the company a “market perform” rating in a research note on Monday, April 27th. Raymond James Financial reissued a “strong-buy” rating on shares of USCB Financial in a research note on Monday, April 27th. Finally, Piper Sandler lifted their price objective on USCB Financial from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, USCB Financial has an average rating of “Moderate Buy” and an average target price of $22.00.

USCB Financial Price Performance

NASDAQ:USCB opened at $18.35 on Friday. The firm has a market capitalization of $335.02 million, a price-to-earnings ratio of 12.83 and a beta of 0.53. USCB Financial has a 52-week low of $15.56 and a 52-week high of $20.78. The stock has a fifty day moving average of $18.96 and a 200 day moving average of $18.70. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.93 and a current ratio of 0.93.

USCB Financial (NASDAQ:USCB) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). The business had revenue of $26.18 million for the quarter, compared to the consensus estimate of $25.95 million. USCB Financial had a net margin of 17.04% and a return on equity of 15.44%. On average, research analysts expect that USCB Financial will post 2.02 EPS for the current fiscal year.

USCB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.50 annualized dividend and a yield of 2.7%. USCB Financial’s payout ratio is 34.97%.

Insider Activity

In other USCB Financial news, EVP Andres Collazo sold 8,000 shares of USCB Financial stock in a transaction dated Saturday, March 7th. The stock was sold at an average price of $18.27, for a total transaction of $146,160.00. Following the completion of the sale, the executive vice president owned 32,950 shares of the company’s stock, valued at $601,996.50. The trade was a 19.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder W Kirk Wycoff sold 12,848 shares of USCB Financial stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $18.28, for a total value of $234,861.44. Following the sale, the insider directly owned 1,813,786 shares of the company’s stock, valued at approximately $33,156,008.08. This trade represents a 0.70% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 58,000 shares of company stock valued at $1,058,674. Corporate insiders own 49.50% of the company’s stock.

Institutional Investors Weigh In On USCB Financial

Several hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its stake in shares of USCB Financial by 60.1% in the 4th quarter. NewEdge Advisors LLC now owns 1,700 shares of the company’s stock valued at $31,000 after acquiring an additional 638 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in USCB Financial by 66.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company’s stock valued at $39,000 after purchasing an additional 883 shares during the period. BNP Paribas Financial Markets increased its holdings in USCB Financial by 100.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company’s stock valued at $65,000 after purchasing an additional 1,854 shares during the period. Tower Research Capital LLC TRC increased its holdings in USCB Financial by 2,081.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,210 shares of the company’s stock valued at $70,000 after purchasing an additional 4,017 shares during the period. Finally, SG Americas Securities LLC purchased a new position in USCB Financial during the 4th quarter valued at about $100,000. Institutional investors own 61.34% of the company’s stock.

USCB Financial Company Profile

USCB Financial (NASDAQ: USCB) is a bank holding company headquartered in Columbia, South Carolina, serving as the parent company of United Security Bank. Established to support community banking in the Midlands region, the company focuses on relationship-driven financial services tailored to both individuals and businesses. As a regional player, USCB Financial emphasizes personalized service through a network of full-service branch offices.

The company’s core business activities include commercial and consumer lending, deposit products and alternative delivery channels.