Brokerages Set USCB Financial Holdings, Inc. (NASDAQ:USCB) Price Target at $22.00

Shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) have been given an average recommendation of “Moderate Buy” by the five research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $22.00.

USCB has been the subject of several research reports. Piper Sandler raised their target price on USCB Financial from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Hovde Group raised their target price on USCB Financial from $19.50 to $20.00 and gave the stock a “market perform” rating in a research report on Monday, April 27th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of USCB Financial in a research report on Monday, April 27th. Zacks Research raised USCB Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of USCB Financial in a research report on Friday, May 29th.

Insider Buying and Selling

In other USCB Financial news, Director Ramon Abadin sold 9,000 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $18.21, for a total transaction of $163,890.00. Following the completion of the transaction, the director directly owned 24,561 shares in the company, valued at $447,255.81. This represents a 26.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO La Aguilera Luis De sold 49,414 shares of the 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 transaction, the chief executive officer owned 242,945 shares of the company’s stock, valued at $4,445,893.50. This represents a 16.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 248,122 shares of company stock valued at $4,514,106 over the last ninety days. 49.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Mendon Capital Advisors Corp raised its stake in USCB Financial by 17.9% during the first quarter. Mendon Capital Advisors Corp now owns 574,100 shares of the company’s stock worth $10,644,000 after acquiring an additional 86,958 shares in the last quarter. North Reef Capital Management LP raised its stake in USCB Financial by 3.5% during the first quarter. North Reef Capital Management LP now owns 128,093 shares of the company’s stock worth $2,375,000 after acquiring an additional 4,352 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in USCB Financial during the first quarter worth $41,000. Dimensional Fund Advisors LP raised its stake in USCB Financial by 15.2% during the first quarter. Dimensional Fund Advisors LP now owns 198,845 shares of the company’s stock worth $3,687,000 after acquiring an additional 26,267 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in USCB Financial by 10.9% during the first quarter. Bank of New York Mellon Corp now owns 48,008 shares of the company’s stock worth $890,000 after acquiring an additional 4,711 shares in the last quarter. 61.34% of the stock is currently owned by institutional investors and hedge funds.

USCB Financial Stock Down 1.2%

USCB opened at $19.29 on Friday. The stock has a market capitalization of $352.24 million, a price-to-earnings ratio of 13.49 and a beta of 0.53. USCB Financial has a 1-year low of $15.56 and a 1-year high of $20.78. The business has a 50 day moving average of $18.90 and a 200-day moving average of $18.94. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41.

USCB Financial (NASDAQ:USCB) last issued its earnings results on Thursday, April 23rd. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $26.18 million during 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%. As a group, sell-side analysts anticipate that USCB Financial will post 2.02 earnings per share for the current year.

USCB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 15th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Friday, May 15th. USCB Financial’s dividend payout ratio (DPR) is 34.97%.

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.