USCB Financial (NASDAQ:USCB) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of USCB Financial (NASDAQ:USCB) from a buy rating to a hold rating in a research report released on Saturday morning.

A number of other analysts also recently commented on the stock. Raymond James Financial reiterated a “strong-buy” rating on shares of USCB Financial in a report on Monday, April 27th. Hovde Group raised their target price 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. Zacks Research upgraded shares of USCB Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of USCB Financial in a report on Friday, May 29th. Finally, Piper Sandler increased their price objective on USCB Financial from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, USCB Financial currently has an average rating of “Buy” and an average target price of $23.75.

USCB Financial Stock Performance

Shares of USCB stock opened at $22.44 on Friday. USCB Financial has a 12-month low of $16.36 and a 12-month high of $23.74. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $414.56 million, a price-to-earnings ratio of 14.76 and a beta of 0.50. The business has a 50 day simple moving average of $21.08 and a 200 day simple moving average of $19.69.

USCB Financial (NASDAQ:USCB) last released its earnings results on Thursday, July 23rd. The company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. USCB Financial had a net margin of 17.24% and a return on equity of 15.77%. The firm had revenue of $27.95 million for the quarter, compared to analysts’ expectations of $26.74 million. On average, equities research analysts anticipate that USCB Financial will post 2.09 EPS for the current year.

USCB Financial Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of USCB Financial by 1.7% in the second quarter. Geode Capital Management LLC now owns 248,716 shares of the company’s stock worth $4,114,000 after acquiring an additional 4,242 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of USCB Financial by 25.9% in the 2nd quarter. Hsbc Holdings PLC now owns 32,875 shares of the company’s stock valued at $546,000 after acquiring an additional 6,770 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of USCB Financial in the 2nd quarter valued at approximately $212,000. Gabelli Funds LLC acquired a new position in USCB Financial in the 2nd quarter worth approximately $563,000. Finally, Alliancebernstein L.P. boosted its stake in USCB Financial by 9.0% in the 2nd quarter. Alliancebernstein L.P. now owns 973,088 shares of the company’s stock worth $16,095,000 after purchasing an additional 79,983 shares during the period. 61.34% of the stock is owned by hedge funds and other institutional investors.

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.