USCB Financial (NASDAQ:USCB) Rating Lowered to Strong Sell at Zacks Research

USCB Financial (NASDAQ:USCB) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday, Zacks reports.

Several other analysts have also weighed in on the stock. Raymond James Financial lowered shares of USCB Financial from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $25.00 to $23.00 in a research note on Monday. Piper Sandler decreased their price target on shares of USCB Financial from $27.00 to $24.00 and set an “overweight” rating for the company in a report on Tuesday. Weiss Ratings raised shares of USCB Financial from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Hovde Group boosted their price objective on shares of USCB Financial from $20.00 to $22.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Finally, Wall Street Zen lowered shares of USCB Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, USCB Financial has an average rating of “Moderate Buy” and a consensus target price of $23.25.

USCB Financial Trading Up 1.5%

Shares of USCB opened at $20.04 on Monday. USCB Financial has a 52 week low of $17.00 and a 52 week high of $23.89. The firm has a market cap of $370.22 million, a price-to-earnings ratio of 12.68 and a beta of 0.45. The stock has a 50 day moving average of $22.40 and a 200-day moving average of $20.27.

USCB Financial (NASDAQ:USCB) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.05). The company had revenue of $26.97 million during the quarter, compared to analyst estimates of $29.18 million. On average, sell-side analysts predict that USCB Financial will post 2.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On USCB Financial

Several large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. acquired a new stake in USCB Financial in the 1st quarter valued at approximately $41,000. Integrated Wealth Concepts LLC bought a new position in shares of USCB Financial in the second quarter worth $59,000. SG Americas Securities LLC grew its stake in shares of USCB Financial by 16.7% in the first quarter. SG Americas Securities LLC now owns 6,363 shares of the company’s stock worth $118,000 after purchasing an additional 910 shares in the last quarter. WASHINGTON TRUST Co acquired a new position in shares of USCB Financial during the third quarter valued at $218,000. Finally, Odyssean LLC bought a new stake in shares of USCB Financial during the second quarter valued at about $270,000. Institutional investors and hedge funds own 61.34% of the company’s stock.

About USCB Financial

USCB Financial Corp. is the bank holding company for U.S. Century Bank, a community bank headquartered in South Florida. The bank provides financial products and services to individuals, businesses, professionals and nonprofit organizations in the region, with a particular focus on the Miami-Dade County market and surrounding South Florida communities.

U.S. Century Bank offers deposit accounts, commercial and residential real estate loans, commercial and industrial lending, consumer loans and small business financing.