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

USCB Financial (NASDAQ:USCB) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. Piper Sandler raised their price target on shares of USCB Financial from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Raymond James Financial upgraded shares of USCB Financial from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $20.00 to $22.00 in a research note on Monday, September 8th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of USCB Financial in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $22.00.

USCB Financial Trading Up 1.6%

Shares of NASDAQ:USCB traded up $0.28 during trading on Thursday, reaching $17.85. 69,221 shares of the stock were exchanged, compared to its average volume of 28,010. USCB Financial has a 12-month low of $15.39 and a 12-month high of $21.86. The firm’s 50-day moving average price is $17.27 and its 200 day moving average price is $17.01. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $358.39 million, a price-to-earnings ratio of 11.37 and a beta of 0.60.

USCB Financial (NASDAQ:USCB) last announced its earnings results on Monday, August 7th. The company reported $0.26 earnings per share for the quarter. The business had revenue of $17.26 million during the quarter. USCB Financial had a net margin of 20.23% and a return on equity of 14.12%. On average, sell-side analysts anticipate that USCB Financial will post 1.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in USCB. Endeavour Capital Advisors Inc. grew its position in USCB Financial by 0.5% during the third quarter. Endeavour Capital Advisors Inc. now owns 1,247,211 shares of the company’s stock valued at $21,764,000 after acquiring an additional 6,262 shares during the period. Alliancebernstein L.P. grew its holdings in USCB Financial by 9.0% during the 2nd quarter. Alliancebernstein L.P. now owns 973,088 shares of the company’s stock worth $16,095,000 after acquiring an additional 79,983 shares in the last quarter. Mendon Capital Advisors Corp increased its stake in USCB Financial by 3.1% during the second quarter. Mendon Capital Advisors Corp now owns 691,048 shares of the company’s stock valued at $11,430,000 after purchasing an additional 20,870 shares during the last quarter. Geode Capital Management LLC boosted its position 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. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of USCB Financial by 10.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 58,668 shares of the company’s stock worth $970,000 after buying an additional 5,613 shares during the period. 61.34% of the stock is owned by institutional investors and hedge funds.

USCB Financial Company Profile

USCB Financial Holdings, Inc operates as the bank holding company for U.S. Century Bank that engages in the provision of various personal and business banking products and services in the United States. It accepts various deposit products, including commercial and consumer checking, money market deposit, savings, and time deposit accounts, as well as certificates of deposit.