USCB Financial Holdings, Inc. (NASDAQ:USCB) Given Consensus Recommendation of “Buy” by Brokerages

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

Several research analysts have issued reports on the company. Hovde Group boosted their target price on 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 reiterated a “buy (b)” rating on shares of USCB Financial in a report on Wednesday, August 26th. Piper Sandler raised their price target on USCB Financial from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Keefe, Bruyette & Woods raised their price target on USCB Financial from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Finally, Zacks Research upgraded USCB Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in USCB. NewEdge Advisors LLC increased its stake in USCB Financial by 60.1% in the 4th quarter. NewEdge Advisors LLC now owns 1,700 shares of the company’s stock worth $31,000 after buying an additional 638 shares during the period. Russell Investments Group Ltd. grew its stake in 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 acquiring an additional 883 shares in the last quarter. SG Americas Securities LLC grew its stake in USCB Financial by 16.7% in the 1st quarter. SG Americas Securities LLC now owns 6,363 shares of the company’s stock worth $118,000 after acquiring an additional 910 shares in the last quarter. TD Asset Management Inc increased its position in shares of USCB Financial by 4.2% during the fourth quarter. TD Asset Management Inc now owns 44,696 shares of the company’s stock worth $823,000 after acquiring an additional 1,810 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of USCB Financial by 100.3% during the third quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company’s stock worth $65,000 after acquiring an additional 1,854 shares during the period. 61.34% of the stock is currently owned by institutional investors.

USCB Financial Price Performance

USCB Financial stock opened at $23.16 on Friday. The firm has a 50-day moving average price of $21.57 and a 200-day moving average price of $19.84. The firm has a market capitalization of $427.77 million, a PE ratio of 15.24 and a beta of 0.47. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.20. USCB Financial has a 12-month low of $16.36 and a 12-month high of $23.89.

USCB Financial (NASDAQ:USCB) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.49 EPS for the quarter, hitting analysts’ consensus estimates of $0.49. The firm had revenue of $27.95 million during the quarter, compared to analysts’ expectations of $26.74 million. USCB Financial had a net margin of 17.24% and a return on equity of 15.77%. As a group, equities research analysts forecast that USCB Financial will post 2.09 EPS for the current year.

USCB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 17th will be given 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 is Monday, August 17th. USCB Financial’s dividend payout ratio (DPR) is 32.89%.

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.