USCB Financial (NASDAQ:USCB) Upgraded to “Hold” at Zacks Research

USCB Financial (NASDAQ:USCB) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Separately, Weiss Ratings restated a “buy (b)” rating on shares of USCB Financial in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, USCB Financial currently has an average rating of “Buy” and an average price target of $22.00.

USCB Financial Stock Performance

NASDAQ USCB opened at $18.54 on Monday. The company has a 50-day simple moving average of $19.05 and a two-hundred day simple moving average of $18.36. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.91. USCB Financial has a 12-month low of $15.39 and a 12-month high of $20.78. The firm has a market cap of $338.54 million, a price-to-earnings ratio of 14.26 and a beta of 0.60.

USCB Financial (NASDAQ:USCB) last released its quarterly earnings data on Thursday, January 22nd. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.07). USCB Financial had a return on equity of 14.86% and a net margin of 16.36%.The company had revenue of $25.53 million during the quarter, compared to analysts’ expectations of $26.34 million. On average, equities analysts forecast that USCB Financial will post 1.58 EPS for the current year.

Insiders Place Their Bets

In other USCB Financial news, EVP Andres Collazo sold 8,000 shares of the business’s stock in a transaction dated Saturday, March 7th. The shares were sold at an average price of $18.27, for a total value of $146,160.00. Following the transaction, the executive vice president owned 32,950 shares in the company, valued at approximately $601,996.50. The trade was a 19.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO La Aguilera Luis De sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $18.02, for a total transaction of $180,200.00. Following the transaction, the chief executive officer directly owned 245,893 shares of the company’s stock, valued at approximately $4,430,991.86. This trade represents a 3.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 49.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC raised its position in 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 purchasing an additional 638 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of USCB Financial by 66.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company’s stock worth $39,000 after buying an additional 883 shares during the last quarter. TD Asset Management Inc grew its position in shares of USCB Financial by 4.2% in the 4th quarter. TD Asset Management Inc now owns 44,696 shares of the company’s stock worth $823,000 after buying an additional 1,810 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of USCB Financial by 100.3% during the third quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company’s stock valued at $65,000 after buying an additional 1,854 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of USCB Financial by 7.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 34,045 shares of the company’s stock valued at $627,000 after buying an additional 2,224 shares during the period. Hedge funds and other institutional investors own 61.34% of the company’s stock.

About USCB Financial

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.