USCB Financial Holdings, Inc. (NASDAQ:USCB) Stock Has Average Target Price of $24.33 According to Analysts

Shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) have received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $24.33.

Several analysts have weighed in on USCB shares. Keefe, Bruyette & Woods boosted their target price on shares of USCB Financial from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Hovde Group boosted their price objective on shares of USCB Financial from $20.00 to $22.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Weiss Ratings upgraded shares of USCB Financial from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. Zacks Research cut shares of USCB Financial from a “strong-buy” rating to a “hold” rating in a report on Friday, September 25th. Finally, Wall Street Zen cut shares of USCB Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd.

Institutional Investors Weigh In On USCB Financial

Several large investors have recently added to or reduced their stakes in USCB. Integrated Wealth Concepts LLC bought a new position in USCB Financial in the 2nd quarter worth about $59,000. Squarepoint Ops LLC raised its holdings in shares of USCB Financial by 200.7% during the second quarter. Squarepoint Ops LLC now owns 59,362 shares of the company’s stock valued at $1,215,000 after buying an additional 39,623 shares during the last quarter. Odyssean LLC bought a new stake in shares of USCB Financial during the second quarter valued at approximately $270,000. Wellington Management Group LLP raised its holdings in shares of USCB Financial by 17.8% during the second quarter. Wellington Management Group LLP now owns 539,779 shares of the company’s stock valued at $11,044,000 after buying an additional 81,450 shares during the last quarter. Finally, Globeflex Capital L P acquired a new position in shares of USCB Financial during the second quarter worth approximately $398,000. 61.34% of the stock is owned by institutional investors and hedge funds.

USCB Financial Stock Performance

USCB stock opened at $22.29 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.20. The firm has a market cap of $411.79 million, a P/E ratio of 14.66 and a beta of 0.45. USCB Financial has a 12-month low of $16.82 and a 12-month high of $23.89. The stock’s 50 day simple moving average is $22.57 and its 200 day simple moving average is $20.76.

USCB Financial (NASDAQ:USCB) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. The firm 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 15.77% and a net margin of 17.24%. As a group, equities research analysts predict that USCB Financial will post 2.09 EPS for the current year.

USCB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Monday, November 16th will be given a dividend of $0.1250 per share. The ex-dividend date is Monday, November 16th. This represents a $0.50 dividend on an annualized basis and a yield of 2.2%. USCB Financial’s payout ratio is currently 32.89%.

About USCB Financial

USCB Financial Corp. is the bank holding company for U.S. Century Bank, a community bank headquartered in Miami, Florida. Through its banking subsidiary, the company provides financial services to individuals, families, professionals and businesses, with a focus on relationship-based banking.

U.S. Century Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending services include commercial real estate, commercial and industrial, residential real estate and consumer loans.