USCB Financial (NASDAQ:USCB) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of USCB Financial (NASDAQ:USCB) from a buy rating to a hold rating in a research note issued to investors on Monday morning.

Other equities analysts have also recently issued reports about the stock. Zacks Research raised shares of USCB Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Weiss Ratings restated a “buy (b)” rating on shares of USCB Financial in a report on Friday, May 29th. Hovde Group lifted their price target on shares of 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 report on Monday, April 27th. Finally, Piper Sandler increased their price objective on shares of USCB Financial from $23.00 to $24.00 and gave the stock 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 assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

USCB Financial Stock Performance

Shares of USCB Financial stock opened at $20.18 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $368.49 million, a price-to-earnings ratio of 14.11 and a beta of 0.51. The stock’s 50-day moving average is $19.42 and its 200-day moving average is $19.20. USCB Financial has a one year low of $16.06 and a one year high of $20.99.

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 analysts’ consensus estimates of $0.48 by ($0.01). The firm had revenue of $26.18 million for the quarter, compared to the consensus estimate of $25.95 million. USCB Financial had a return on equity of 15.37% and a net margin of 17.04%. Equities analysts predict that USCB Financial will post 2.02 earnings per share for the current fiscal year.

USCB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 17th will be given a $0.125 dividend. The ex-dividend date is Monday, August 17th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.5%. USCB Financial’s dividend payout ratio (DPR) is presently 34.97%.

Insider Buying and Selling at USCB Financial

In other news, CEO La Aguilera Luis De sold 49,414 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $18.30, for a total transaction of $904,276.20. Following the completion of the sale, the chief executive officer directly owned 242,945 shares in the company, valued at $4,445,893.50. This represents a 16.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ramon Abadin sold 9,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $18.21, for a total value of $163,890.00. Following the sale, the director owned 24,561 shares of the company’s stock, valued at approximately $447,255.81. The trade was a 26.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 248,122 shares of company stock valued at $4,514,106 over the last 90 days. Corporate insiders own 27.40% of the company’s stock.

Institutional Investors Weigh In On USCB Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC lifted its position in shares of USCB Financial by 60.1% during 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 period. Russell Investments Group Ltd. boosted its position in shares of USCB Financial by 66.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company’s stock worth $39,000 after purchasing an additional 883 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of USCB Financial by 16.7% during the 1st quarter. SG Americas Securities LLC now owns 6,363 shares of the company’s stock worth $118,000 after purchasing an additional 910 shares in the last quarter. TD Asset Management Inc increased its position in USCB Financial by 4.2% in the 4th quarter. TD Asset Management Inc now owns 44,696 shares of the company’s stock valued at $823,000 after buying an additional 1,810 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in USCB Financial by 100.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company’s stock valued at $65,000 after buying an additional 1,854 shares in the last quarter. Institutional investors own 61.34% of the company’s stock.

About USCB Financial

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.