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

Shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $24.33.

Several research analysts have recently weighed in on the stock. Hovde Group lifted their price target on shares of USCB Financial from $20.00 to $22.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. Wall Street Zen downgraded shares of USCB Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Piper Sandler upped their price objective 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 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, Weiss Ratings raised USCB Financial from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th.

USCB Financial Price Performance

NASDAQ USCB opened at $22.24 on Friday. The company has a 50-day moving average price of $22.57 and a 200-day moving average price of $20.71. USCB Financial has a 52 week low of $16.82 and a 52 week high of $23.89. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $410.77 million, a P/E ratio of 14.63 and a beta of 0.45.

USCB Financial (NASDAQ:USCB) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.49. The company had revenue of $27.95 million for the quarter, compared to the consensus estimate of $26.74 million. USCB Financial had a net margin of 17.24% and a return on equity of 15.77%. Equities research analysts anticipate that USCB Financial will post 2.09 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC purchased a new position in USCB Financial during the second quarter valued at approximately $59,000. Squarepoint Ops LLC boosted its position in shares of USCB Financial by 200.7% in the second quarter. Squarepoint Ops LLC now owns 59,362 shares of the company’s stock worth $1,215,000 after purchasing an additional 39,623 shares during the period. Odyssean LLC purchased a new stake in shares of USCB Financial in the second quarter worth $270,000. Wellington Management Group LLP increased its stake in shares of USCB Financial by 17.8% in the second quarter. Wellington Management Group LLP now owns 539,779 shares of the company’s stock worth $11,044,000 after purchasing an additional 81,450 shares in the last quarter. Finally, Globeflex Capital L P bought a new stake in shares of USCB Financial during the 2nd quarter valued at $398,000. Institutional investors own 61.34% of the company’s stock.

USCB Financial Company Profile

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.