USCB Financial Holdings, Inc. (NASDAQ:USCB – Get Free Report) has received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $23.25.
USCB has been the topic of several research analyst reports. Raymond James Financial cut USCB Financial from a “strong-buy” rating to an “outperform” rating and cut their price objective for the stock from $25.00 to $23.00 in a research report on Monday, October 26th. Zacks Research lowered USCB Financial from a “hold” rating to a “strong sell” rating in a research report on Monday, October 26th. Wall Street Zen cut USCB Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Weiss Ratings downgraded shares of USCB Financial from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, October 28th. Finally, Piper Sandler reduced their price target on shares of USCB Financial from $27.00 to $24.00 and set an “overweight” rating for the company in a research report on Tuesday, October 27th.
Read Our Latest Analysis on USCB Financial
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. purchased a new position in shares of USCB Financial in the first quarter worth about $41,000. Integrated Wealth Concepts LLC bought a new position in USCB Financial in the 2nd quarter worth approximately $59,000. SG Americas Securities LLC grew its stake in USCB Financial by 16.7% in the 1st quarter. SG Americas Securities LLC now owns 6,363 shares of the company’s stock valued at $118,000 after buying an additional 910 shares in the last quarter. WASHINGTON TRUST Co purchased a new position in USCB Financial in the 3rd quarter valued at approximately $218,000. Finally, Odyssean LLC purchased a new position in USCB Financial in the 2nd quarter valued at approximately $270,000. 61.34% of the stock is owned by institutional investors.
USCB Financial Stock Performance
NASDAQ USCB opened at $20.26 on Wednesday. The company has a fifty day simple moving average of $21.74 and a 200 day simple moving average of $20.30. USCB Financial has a 12-month low of $17.03 and a 12-month high of $23.89. The company has a current ratio of 0.96, a quick ratio of 0.97 and a debt-to-equity ratio of 1.18. The company has a market cap of $372.58 million, a P/E ratio of 12.82 and a beta of 0.47.
USCB Financial (NASDAQ:USCB – Get Free Report) last posted its earnings results on Thursday, October 22nd. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). USCB Financial had a return on equity of 15.67% and a net margin of 17.44%. The business had revenue of $26.97 million during the quarter, compared to analyst estimates of $29.18 million. Sell-side analysts predict that USCB Financial will post 2.01 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 $0.1250 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.50 annualized dividend and a yield of 2.5%. USCB Financial’s payout ratio is currently 31.65%.
About USCB Financial
USCB Financial Holdings, Inc. is the bank holding company for U.S. Century Bank, a community bank headquartered in Doral, Florida. The bank serves individuals, businesses and professionals, with a focus on customers in South Florida. Its services include business and personal deposit accounts, commercial and consumer lending, and cash management and other banking services. The bank also offers digital banking tools to support everyday account access and transactions. U.S. Century Bank was established in 2002 by South Florida business leaders.
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