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

Shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) have been given an average rating of “Buy” by the six analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $23.75.

Several brokerages have recently issued reports on USCB. Keefe, Bruyette & Woods increased their target price on USCB Financial from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Piper Sandler lifted their price target on USCB Financial from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of USCB Financial in a research note on Monday, April 27th. Wall Street Zen raised USCB Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, July 28th. Finally, Zacks Research upgraded shares of USCB Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th.

USCB Financial Stock Performance

USCB Financial stock opened at $22.34 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. The firm has a market cap of $408.02 million, a P/E ratio of 14.70 and a beta of 0.50. USCB Financial has a 1-year low of $16.14 and a 1-year high of $23.74. The firm has a 50-day moving average of $20.30 and a 200-day moving average of $19.45.

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, meeting the consensus estimate of $0.49. The business 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%. Sell-side analysts expect that USCB Financial will post 2.09 EPS for the current year.

USCB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 17th will be given a dividend of $0.125 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 is Monday, August 17th. USCB Financial’s dividend payout ratio (DPR) is 32.89%.

Insider Activity

In other USCB Financial news, CEO La Aguilera Luis De sold 49,414 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $18.30, for a total value of $904,276.20. Following the sale, the chief executive officer owned 242,945 shares in the company, valued at approximately $4,445,893.50. This represents a 16.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ramon Abadin sold 9,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly 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 152,843 shares of company stock worth $2,779,621 in the last three months. 27.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its holdings in USCB Financial by 60.1% in the fourth quarter. NewEdge Advisors LLC now owns 1,700 shares of the company’s stock worth $31,000 after acquiring an additional 638 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in shares of USCB Financial during the first quarter valued at $41,000. Russell Investments Group Ltd. increased its holdings in shares of USCB Financial by 66.2% during the third 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 position in shares of USCB Financial by 100.3% in the 3rd 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 stake in USCB Financial by 2,081.3% in the 2nd 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. 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.