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

Shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) have received a consensus rating of “Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $23.75.

A number of research firms have recently commented on USCB. Weiss Ratings reissued a “buy (b)” rating on shares of USCB Financial in a research report on Wednesday, August 26th. Hovde Group upped their price objective on shares of USCB Financial from $20.00 to $22.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. Keefe, Bruyette & Woods raised 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. Piper Sandler lifted their target price on shares of USCB Financial from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Finally, Zacks Research raised shares of USCB Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th.

USCB Financial Stock Performance

USCB opened at $22.26 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $411.14 million, a PE ratio of 14.64 and a beta of 0.47. The stock has a 50-day moving average of $21.45 and a 200-day moving average of $19.80. USCB Financial has a 52-week low of $16.36 and a 52-week high of $23.89.

USCB Financial (NASDAQ:USCB) last issued its quarterly earnings data 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 15.77% and a net margin of 17.24%.The business had revenue of $27.95 million for the quarter, compared to the consensus estimate of $26.74 million. As a group, equities research analysts forecast that USCB Financial will post 2.09 earnings per share for the current fiscal year.

USCB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 17th will be paid a $0.125 dividend. The ex-dividend date is Monday, August 17th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.2%. USCB Financial’s payout ratio is presently 32.89%.

Hedge Funds Weigh In On USCB Financial

Large investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in USCB Financial by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 248,716 shares of the company’s stock valued at $4,114,000 after purchasing an additional 4,242 shares during the period. Hsbc Holdings PLC increased its position in USCB Financial by 25.9% in the 2nd quarter. Hsbc Holdings PLC now owns 32,875 shares of the company’s stock worth $546,000 after buying an additional 6,770 shares during the period. First Trust Advisors LP acquired a new position in shares of USCB Financial during the second quarter worth approximately $212,000. Gabelli Funds LLC acquired a new position in shares of USCB Financial during the second quarter worth approximately $563,000. Finally, Alliancebernstein L.P. lifted its holdings 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 worth $16,095,000 after buying an additional 79,983 shares during the last quarter. Institutional investors and hedge funds 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.