USCB Financial (NASDAQ:USCB) Rating Increased to Buy at Wall Street Zen

USCB Financial (NASDAQ:USCB) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

Several other research analysts have also recently commented on USCB. Weiss Ratings reiterated a “buy (b)” rating on shares of USCB Financial in a report on Friday, May 29th. Hovde Group lifted their price objective on shares of USCB Financial from $19.50 to $20.00 and gave the stock a “market perform” rating in a research report on Monday, April 27th. Zacks Research upgraded shares of USCB Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Piper Sandler increased their target price on USCB Financial from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of USCB Financial in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

USCB Financial Stock Up 0.6%

Shares of USCB Financial stock traded up $0.12 on Friday, reaching $20.16. 30,044 shares of the company were exchanged, compared to its average volume of 63,014. USCB Financial has a 1-year low of $16.06 and a 1-year high of $20.93. The company has a market cap of $368.12 million, a P/E ratio of 14.10 and a beta of 0.51. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.91 and a quick ratio of 0.91. The stock’s 50 day moving average price is $19.09 and its 200-day moving average price is $19.11.

USCB Financial (NASDAQ:USCB) last released its earnings results on Thursday, April 23rd. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The firm had revenue of $26.18 million for the quarter, compared to analysts’ expectations of $25.95 million. USCB Financial had a return on equity of 15.37% and a net margin of 17.04%. As a group, equities analysts forecast that USCB Financial will post 2.02 EPS for the current year.

Insider Buying and Selling

In other USCB Financial news, Director Ramon Abadin sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $18.21, for a total transaction of $163,890.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO La Aguilera Luis De sold 49,414 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was 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 represents a 16.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 248,122 shares of company stock worth $4,514,106. 49.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On USCB Financial

Several large investors have recently modified their holdings of USCB. Patriot Financial Partners GP II L.P. purchased a new stake in shares of USCB Financial during the third quarter worth about $35,527,000. North Reef Capital Management LP acquired a new position in shares of USCB Financial in the fourth quarter valued at approximately $2,279,000. Mendon Capital Advisors Corp lifted its stake in shares of USCB Financial by 17.9% during the first quarter. Mendon Capital Advisors Corp now owns 574,100 shares of the company’s stock valued at $10,644,000 after buying an additional 86,958 shares during the period. Alliancebernstein L.P. lifted 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 buying an additional 79,983 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its position in 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 worth $24,252,000 after acquiring an additional 71,728 shares during the last quarter. 61.34% of the stock is 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.