USCB Financial (NASDAQ:USCB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of USCB Financial (NASDAQ:USCB) from a hold rating to a buy rating in a report published on Tuesday morning.

Other analysts also recently issued research reports about the stock. Hovde Group lifted their target price on shares of USCB Financial from $20.00 to $22.00 and gave the company a “market perform” rating in a report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of USCB Financial in a report on Friday, May 29th. Piper Sandler raised their price objective on shares of USCB Financial from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday. Raymond James Financial reaffirmed a “strong-buy” rating on shares of USCB Financial in a report on Monday, April 27th. Finally, Zacks Research raised USCB Financial from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $23.67.

USCB Financial Stock Performance

NASDAQ:USCB opened at $21.84 on Tuesday. The firm’s fifty day moving average price is $19.86 and its 200 day moving average price is $19.32. USCB Financial has a 1-year low of $16.06 and a 1-year high of $23.74. 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 firm has a market cap of $398.80 million, a price-to-earnings ratio of 14.37 and a beta of 0.51.

USCB Financial (NASDAQ:USCB) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. The company had revenue of $27.95 million for 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 16.07%. On average, sell-side analysts expect that USCB Financial will post 2.09 EPS for the current year.

USCB Financial Dividend Announcement

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 dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Monday, August 17th. USCB Financial’s payout ratio is presently 32.89%.

Insider Buying and Selling at USCB Financial

In other news, CEO La Aguilera Luis De sold 49,414 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $18.30, for a total transaction of $904,276.20. Following the transaction, the chief executive officer directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ramon Abadin sold 9,000 shares of the stock in a transaction dated 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 $447,255.81. This represents a 26.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 198,122 shares of company stock worth $3,601,592 over the last 90 days. Insiders own 27.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its position in shares of USCB Financial by 60.1% during the 4th quarter. NewEdge Advisors LLC now owns 1,700 shares of the company’s stock valued at $31,000 after acquiring an additional 638 shares during the period. PNC Financial Services Group Inc. purchased a new position in USCB Financial in the 1st quarter valued at approximately $41,000. Russell Investments Group Ltd. increased 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 valued at $39,000 after purchasing an additional 883 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in 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 purchasing an additional 1,854 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in USCB Financial by 2,081.3% during the second quarter. Tower Research Capital LLC TRC now owns 4,210 shares of the company’s stock worth $70,000 after purchasing an additional 4,017 shares in the last quarter. 61.34% of the stock is currently 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.