USCB Financial Holdings, Inc. (NASDAQ:USCB) Receives Average Recommendation of “Buy” from Analysts

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.com reports. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $24.33.

USCB has been the subject of several recent analyst reports. Zacks Research raised shares of USCB Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Keefe, Bruyette & Woods upped their target price on shares of USCB Financial from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Wall Street Zen cut shares of USCB Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Piper Sandler lifted 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. Finally, Hovde Group lifted their price target on USCB Financial from $20.00 to $22.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th.

Institutional Investors Weigh In On USCB Financial

Institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP raised its holdings in shares of USCB Financial by 17.8% during 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 during the period. Mendon Capital Advisors Corp boosted its holdings in shares of USCB Financial by 17.9% in the 1st 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. Dimensional Fund Advisors LP boosted its holdings in shares of USCB Financial by 15.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 198,845 shares of the company’s stock valued at $3,687,000 after buying an additional 26,267 shares during the period. North Reef Capital Management LP grew its position in shares of USCB Financial by 3.5% during the 1st quarter. North Reef Capital Management LP now owns 128,093 shares of the company’s stock valued at $2,375,000 after buying an additional 4,352 shares during the last quarter. Finally, Squarepoint Ops LLC grew its position in shares of USCB Financial by 200.7% during the 2nd quarter. Squarepoint Ops LLC now owns 59,362 shares of the company’s stock valued at $1,215,000 after buying an additional 39,623 shares during the last quarter. 61.34% of the stock is currently owned by institutional investors.

USCB Financial Stock Performance

USCB Financial stock opened at $22.65 on Tuesday. The stock has a market cap of $418.35 million, a P/E ratio of 14.90 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. The stock has a 50 day moving average of $22.47 and a 200-day moving average of $20.30. USCB Financial has a 52 week low of $16.36 and a 52 week high of $23.89.

USCB Financial (NASDAQ:USCB) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.49. The business had revenue of $27.95 million during 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%. On average, analysts expect that USCB Financial will post 2.09 EPS for the current fiscal year.

USCB Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 17th were issued a dividend of $0.1250 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, August 17th. USCB Financial’s dividend payout ratio (DPR) is currently 32.89%.

About USCB Financial

USCB Financial Corporation is a bank holding company headquartered in Miami, Florida. Through its subsidiary, U.S. Century Bank, the company provides banking and financial services to individuals, families, entrepreneurs, and businesses.

U.S. Century Bank offers deposit accounts, commercial and residential real estate lending, commercial and industrial loans, small business financing, consumer loans, and treasury management services. Its banking platform also includes online and mobile banking, cash management, and other digital financial services.

The company focuses primarily on customers and communities in South Florida, including the Miami-Dade, Broward, and Palm Beach markets.