USCB Financial (NASDAQ:USCB) Price Target Raised to $24.00

USCB Financial (NASDAQ:USCBGet Free Report) had its price target lifted by equities researchers at Keefe, Bruyette & Woods from $22.00 to $24.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 6.48% from the company’s current price.

Several other equities analysts have also issued reports on the stock. Hovde Group lifted their target price on shares of USCB Financial from $20.00 to $22.00 and gave the company a “market perform” rating in a report on Monday, July 27th. Zacks Research raised USCB Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of USCB Financial in a research note on Friday, May 29th. Piper Sandler increased their target price on USCB Financial from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Finally, Wall Street Zen raised USCB Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $23.75.

Read Our Latest Report on USCB

USCB Financial Stock Up 2.6%

USCB traded up $0.57 during trading on Monday, reaching $22.54. The stock had a trading volume of 29,612 shares, compared to its average volume of 55,122. 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 company has a market capitalization of $411.58 million, a price-to-earnings ratio of 14.82 and a beta of 0.50. The stock’s 50 day moving average is $19.92 and its two-hundred day moving average is $19.34. USCB Financial has a one year low of $16.06 and a one year high of $23.74.

USCB Financial (NASDAQ:USCBGet Free Report) last released its earnings results on Thursday, July 23rd. The company reported $0.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.49. The firm had revenue of $27.95 million for the quarter, compared to the consensus estimate of $26.74 million. USCB Financial had a net margin of 17.24% and a return on equity of 16.07%. As a group, analysts expect that USCB Financial will post 2.09 earnings per share for the current year.

Insider Activity

In other USCB Financial news, Director Ramon Abadin sold 9,000 shares of the company’s stock in a transaction dated 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 owned 24,561 shares in the company, valued at approximately $447,255.81. This represents a 26.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO La Aguilera Luis De sold 49,414 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $18.30, for a total transaction of $904,276.20. Following the sale, the chief executive officer directly owned 242,945 shares in the company, valued at approximately $4,445,893.50. The trade was a 16.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 198,122 shares of company stock valued at $3,601,592 over the last quarter. 27.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On USCB Financial

A number of large investors have recently added to or reduced their stakes in the stock. Mendon Capital Advisors Corp raised its stake in USCB Financial by 17.9% during the 1st quarter. Mendon Capital Advisors Corp now owns 574,100 shares of the company’s stock valued at $10,644,000 after buying an additional 86,958 shares during the last quarter. North Reef Capital Management LP boosted its stake in shares of USCB Financial by 3.5% in the 1st quarter. North Reef Capital Management LP now owns 128,093 shares of the company’s stock worth $2,375,000 after buying an additional 4,352 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of USCB Financial in the first quarter worth $41,000. Dimensional Fund Advisors LP grew its holdings in shares of USCB Financial by 15.2% in the first quarter. Dimensional Fund Advisors LP now owns 198,845 shares of the company’s stock worth $3,687,000 after acquiring an additional 26,267 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of USCB Financial by 10.9% in the first quarter. Bank of New York Mellon Corp now owns 48,008 shares of the company’s stock worth $890,000 after acquiring an additional 4,711 shares during the period. Institutional investors own 61.34% of the company’s stock.

About USCB Financial

(Get Free Report)

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.

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