USCB Financial (NASDAQ:USCB) Price Target Raised to $22.00

USCB Financial (NASDAQ:USCB) had its target price increased by Hovde Group from $20.00 to $22.00 in a research note published on Monday, MarketBeat.com reports. The firm currently has a market perform rating on the stock.

Several other research firms have also weighed in on USCB. Raymond James Financial reiterated a “strong-buy” rating on shares of USCB Financial in a research note on Monday, April 27th. Wall Street Zen lowered shares of USCB Financial from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of USCB Financial in a research report on Friday, May 29th. Piper Sandler increased their price objective on shares of USCB Financial from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Finally, Zacks Research upgraded shares of USCB Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $23.67.

USCB Financial Trading Down 2.8%

NASDAQ:USCB opened at $22.02 on Monday. The company has a market cap of $402.09 million, a PE ratio of 14.49 and a beta of 0.51. The business’s 50 day moving average is $19.79 and its two-hundred day moving average is $19.30. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.41. USCB Financial has a 52 week low of $16.06 and a 52 week high of $23.74.

USCB Financial (NASDAQ:USCB) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.49 earnings per share 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 business had revenue of $27.95 million during the quarter, compared to the consensus estimate of $26.74 million. On average, analysts predict that USCB Financial will post 2.09 EPS for the current year.

USCB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 17th will be given a $0.125 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.50 annualized dividend and a yield of 2.3%. USCB Financial’s dividend payout ratio (DPR) is currently 32.89%.

Insiders Place Their Bets

In other news, Director Ramon Abadin sold 9,000 shares of the business’s stock in a transaction 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 completion of the transaction, the director owned 24,561 shares of the company’s stock, valued at approximately $447,255.81. The trade was a 26.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO La Aguilera Luis De sold 49,414 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $18.30, for a total transaction of $904,276.20. Following the transaction, 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. The disclosure for this sale is available in the SEC filing. Insiders sold 210,970 shares of company stock worth $3,836,454 over the last quarter. 27.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On USCB Financial

Large investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in shares of USCB Financial by 60.1% during the fourth quarter. NewEdge Advisors LLC now owns 1,700 shares of the company’s stock valued at $31,000 after buying an additional 638 shares during the last quarter. PNC Financial Services Group Inc. acquired a new stake in USCB Financial in the 1st quarter valued at approximately $41,000. Russell Investments Group Ltd. raised its stake in USCB Financial by 66.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company’s stock valued at $39,000 after acquiring an additional 883 shares in the last quarter. BNP Paribas Financial Markets raised its stake in USCB Financial by 100.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company’s stock valued at $65,000 after acquiring an additional 1,854 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in USCB Financial by 2,081.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,210 shares of the company’s stock valued at $70,000 after acquiring an additional 4,017 shares in the last quarter. Institutional investors and hedge funds own 61.34% of the company’s stock.

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.