USCB Financial Holdings, Inc. (NASDAQ:USCB) Receives Consensus Rating of “Buy” from Brokerages

USCB Financial Holdings, Inc. (NASDAQ:USCB) has been assigned a consensus recommendation of “Buy” from the six research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $23.75.

Several research analysts recently commented on USCB shares. Hovde Group lifted their price target 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. Weiss Ratings restated a “buy (b)” rating on shares of USCB Financial in a research report on Friday, May 29th. Wall Street Zen raised USCB Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, July 28th. Keefe, Bruyette & Woods lifted their target price on USCB Financial from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of USCB Financial in a research report on Monday, April 27th.

USCB Financial Stock Performance

NASDAQ:USCB opened at $22.34 on Monday. The company has a market cap of $407.93 million, a price-to-earnings ratio of 14.70 and a beta of 0.50. USCB Financial has a 1 year low of $16.14 and a 1 year high of $23.74. The stock’s 50 day simple moving average is $20.30 and its two-hundred day simple moving average is $19.45. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.91 and a quick ratio of 0.91.

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

USCB Financial Announces Dividend

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

Insider Activity

In other news, CEO La Aguilera Luis De sold 49,414 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 242,945 shares in the company, valued at approximately $4,445,893.50. This represents a 16.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ramon Abadin sold 9,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director directly owned 24,561 shares of the company’s stock, valued at $447,255.81. This represents a 26.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 158,122 shares of company stock valued at $2,876,068 in the last 90 days. Company insiders own 27.40% of the company’s stock.

Institutional Trading of USCB Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. Patriot Financial Partners GP II L.P. bought a new position in shares of USCB Financial during the 3rd quarter worth $35,527,000. T. Rowe Price Investment Management Inc. boosted its stake in shares of USCB Financial by 5.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,316,580 shares of the company’s stock valued at $24,252,000 after purchasing an additional 71,728 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of USCB Financial by 9.0% during the second quarter. Alliancebernstein L.P. now owns 973,088 shares of the company’s stock valued at $16,095,000 after purchasing an additional 79,983 shares in the last quarter. Mendon Capital Advisors Corp increased its holdings in USCB Financial by 3.1% during the second quarter. Mendon Capital Advisors Corp now owns 691,048 shares of the company’s stock valued at $11,430,000 after buying an additional 20,870 shares during the period. Finally, Geode Capital Management LLC increased its holdings in USCB Financial by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 254,276 shares of the company’s stock valued at $4,684,000 after buying an additional 6,241 shares during the period. 61.34% of the stock is currently owned by institutional investors.

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.