Brokerages Set USCB Financial Holdings, Inc. (NASDAQ:USCB) PT at $23.67

USCB Financial Holdings, Inc. (NASDAQ:USCB) has been assigned an average rating of “Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $23.75.

A number of research analysts have recently issued reports on USCB shares. Keefe, Bruyette & Woods upped their price target on USCB Financial from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Monday. Zacks Research upgraded USCB Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Piper Sandler boosted their target price on USCB Financial from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Hovde Group boosted their target price on USCB Financial from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of USCB Financial in a research note on Monday, April 27th.

USCB Financial Price Performance

Shares of NASDAQ USCB opened at $22.38 on Monday. USCB Financial has a twelve month low of $16.06 and a twelve month high of $23.74. The firm has a market cap of $408.66 million, a P/E ratio of 14.72 and a beta of 0.50. The company has a 50 day moving average of $20.15 and a 200 day moving average of $19.41. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.41.

USCB Financial (NASDAQ:USCB) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. The business had revenue of $27.95 million for the quarter, compared to analysts’ expectations of $26.74 million. USCB Financial had a return on equity of 16.07% and a net margin of 17.24%. As a group, research analysts expect that USCB Financial will post 2.09 EPS for the current fiscal year.

USCB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 17th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, August 17th. USCB Financial’s payout ratio is presently 32.89%.

Insider Buying and Selling

In other news, Director Ramon Abadin sold 9,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $18.21, for a total value of $163,890.00. Following the transaction, the director directly owned 24,561 shares in the company, valued at $447,255.81. This trade represents a 26.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO La Aguilera Luis De sold 49,414 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $18.30, for a total value of $904,276.20. Following the completion of the transaction, the chief executive officer owned 242,945 shares in the company, valued at approximately $4,445,893.50. This trade represents a 16.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 158,122 shares of company stock worth $2,876,068. 27.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of USCB. NewEdge Advisors LLC grew its stake 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 purchasing an additional 638 shares during the period. PNC Financial Services Group Inc. purchased a new stake in shares of USCB Financial during the 1st quarter valued at about $41,000. Russell Investments Group Ltd. lifted its stake in shares of USCB Financial by 66.2% in 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 during the period. BNP Paribas Financial Markets lifted its stake in shares of USCB Financial by 100.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company’s stock worth $65,000 after purchasing an additional 1,854 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of USCB Financial by 2,081.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,210 shares of the company’s stock worth $70,000 after buying an additional 4,017 shares during 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.