USCB Financial (NASDAQ:USCB) Rating Increased to Strong-Buy at Zacks Research

USCB Financial (NASDAQ:USCB) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other brokerages also recently weighed in on USCB. Wall Street Zen upgraded USCB Financial from a “hold” rating to a “buy” rating in a report on Tuesday. Piper Sandler raised their price objective on shares of USCB Financial from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday. Hovde Group lifted 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 note on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of USCB Financial in a research report on Friday, May 29th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of USCB Financial in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, USCB Financial has a consensus rating of “Buy” and an average target price of $23.67.

USCB Financial Stock Performance

Shares of USCB Financial stock opened at $22.02 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average price of $19.79 and a two-hundred day moving average price of $19.30. USCB Financial has a 1-year low of $16.06 and a 1-year high of $23.74. The company has a market cap of $402.09 million, a P/E ratio of 14.49 and a beta of 0.51.

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, meeting analysts’ consensus estimates of $0.49. USCB Financial had a return on equity of 16.07% and a net margin of 17.24%.The company had revenue of $27.95 million for the quarter, compared to the consensus estimate of $26.74 million. As a group, analysts anticipate that USCB Financial will post 2.09 EPS for the current year.

Insider Activity at USCB Financial

In related news, Director Ramon Abadin sold 9,000 shares of USCB Financial stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $18.21, for a total value of $163,890.00. Following the completion of the sale, the director owned 24,561 shares of the company’s stock, valued at approximately $447,255.81. This trade represents a 26.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO La Aguilera Luis De sold 49,414 shares of the business’s 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 sale, the chief executive officer owned 242,945 shares of the company’s stock, valued at $4,445,893.50. This trade represents a 16.90% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 210,970 shares of company stock valued at $3,836,454. Corporate insiders own 27.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in USCB. Mendon Capital Advisors Corp raised its holdings in shares of USCB Financial by 17.9% in the 1st 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 during the last quarter. North Reef Capital Management LP boosted its stake in USCB Financial by 3.5% during the 1st quarter. North Reef Capital Management LP now owns 128,093 shares of the company’s stock valued at $2,375,000 after purchasing an additional 4,352 shares during the last quarter. PNC Financial Services Group Inc. acquired a new position in USCB Financial during the 1st quarter valued at about $41,000. Dimensional Fund Advisors LP increased its holdings in USCB Financial by 15.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 198,845 shares of the company’s stock worth $3,687,000 after purchasing an additional 26,267 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in USCB Financial by 10.9% during the 1st quarter. Bank of New York Mellon Corp now owns 48,008 shares of the company’s stock worth $890,000 after purchasing 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 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.