Zacks Research cut shares of USCB Financial (NASDAQ:USCB – Free Report) from a hold rating to a strong sell rating in a report released on Monday morning,Zacks reports.
A number of other equities analysts have also recently issued reports on the stock. Raymond James Financial cut shares of USCB Financial from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from $25.00 to $23.00 in a research report on Monday. Piper Sandler dropped their target price on shares of USCB Financial from $27.00 to $24.00 and set an “overweight” rating for the company in a report on Tuesday. Hovde Group increased 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. Weiss Ratings raised USCB Financial from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. Finally, Keefe, Bruyette & Woods boosted their price target on USCB Financial from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, USCB Financial has an average rating of “Moderate Buy” and a consensus target price of $23.25.
Read Our Latest Analysis on USCB Financial
USCB Financial Stock Performance
Shares of USCB Financial stock 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 company’s 50 day moving average price is $22.40 and its 200-day moving average price is $20.27. The stock has a market capitalization of $370.22 million, a price-to-earnings ratio of 12.68 and a beta of 0.45.
USCB Financial (NASDAQ:USCB – Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). The company had revenue of $26.97 million for the quarter, compared to the consensus estimate of $29.18 million. As a group, equities research analysts forecast that USCB Financial will post 2.09 earnings per share for the current fiscal year.
USCB Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Monday, November 16th will be given a dividend of $0.1250 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, November 16th. USCB Financial’s payout ratio is presently 31.65%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Mendon Capital Advisors Corp boosted its stake in shares of 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 purchasing an additional 86,958 shares in the last quarter. Wellington Management Group LLP raised its stake in USCB Financial by 17.8% in the second quarter. Wellington Management Group LLP now owns 539,779 shares of the company’s stock worth $11,044,000 after buying an additional 81,450 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in USCB Financial by 200.7% in the second quarter. Squarepoint Ops LLC now owns 59,362 shares of the company’s stock worth $1,215,000 after buying an additional 39,623 shares during the period. Dimensional Fund Advisors LP lifted its holdings in 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 buying an additional 26,267 shares during the period. Finally, Globeflex Capital L P purchased a new stake in USCB Financial in the second quarter worth about $398,000. 61.34% of the stock is currently owned by institutional investors.
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.
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