USCB Financial (NASDAQ:USCB) Stock Rating Lowered by Wall Street Zen

USCB Financial (NASDAQ:USCB) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Monday.

Other analysts have also issued research reports about the company. Hovde Group upped their price objective on USCB Financial from $19.50 to $20.00 and gave the stock a “market perform” rating in a research report on Monday, April 27th. Raymond James Financial reiterated a “strong-buy” rating on shares of USCB Financial in a report on Monday, April 27th. Weiss Ratings reissued a “buy (b)” rating on shares of USCB Financial in a research note on Friday, May 29th. Piper Sandler increased their price target on USCB Financial from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Finally, Zacks Research upgraded USCB Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, USCB Financial has an average rating of “Moderate Buy” and an average target price of $22.00.

USCB Financial Stock Up 0.5%

Shares of NASDAQ:USCB opened at $20.42 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $372.87 million, a PE ratio of 14.28 and a beta of 0.51. The firm’s 50-day moving average is $19.38 and its two-hundred day moving average is $19.19. USCB Financial has a 1 year low of $16.06 and a 1 year high of $20.99.

USCB Financial (NASDAQ:USCB) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). USCB Financial had a return on equity of 15.37% and a net margin of 17.04%.The business had revenue of $26.18 million for the quarter, compared to analyst estimates of $25.95 million. Analysts predict that USCB Financial will post 2.02 EPS for the current year.

Insider Buying and Selling at USCB Financial

In other USCB Financial news, Director Ramon Abadin sold 9,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $18.21, for a total value of $163,890.00. Following the sale, the director directly owned 24,561 shares in the company, valued at $447,255.81. This trade represents a 26.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO La Aguilera Luis De sold 49,414 shares of USCB Financial stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $18.30, for a total value of $904,276.20. Following the sale, the chief executive officer directly owned 242,945 shares of the company’s stock, valued at $4,445,893.50. This trade represents a 16.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 248,122 shares of company stock valued at $4,514,106. Corporate insiders own 27.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in USCB. Geode Capital Management LLC lifted its stake in USCB Financial by 1.7% during the second quarter. Geode Capital Management LLC now owns 248,716 shares of the company’s stock worth $4,114,000 after purchasing an additional 4,242 shares during the last quarter. Hsbc Holdings PLC increased its stake in USCB Financial by 25.9% in the second quarter. Hsbc Holdings PLC now owns 32,875 shares of the company’s stock valued at $546,000 after purchasing an additional 6,770 shares during the last quarter. First Trust Advisors LP acquired a new stake in USCB Financial during the second quarter worth approximately $212,000. Gabelli Funds LLC acquired a new stake in USCB Financial during the second quarter worth approximately $563,000. Finally, Alliancebernstein L.P. raised its holdings in USCB Financial by 9.0% during the second quarter. Alliancebernstein L.P. now owns 973,088 shares of the company’s stock worth $16,095,000 after purchasing an additional 79,983 shares in the last quarter. Hedge funds and other institutional investors own 61.34% of the company’s stock.

About USCB Financial

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.