USCB Financial (NASDAQ:USCB) Stock Price Expected to Rise, Hovde Group Analyst Says

USCB Financial (NASDAQ:USCB) had its target price hoisted by investment analysts at Hovde Group from $20.00 to $22.00 in a note issued to investors on Monday. The brokerage currently has a “market perform” rating on the stock. Hovde Group’s price target suggests a potential upside of 1.52% from the company’s previous close.

Several other research analysts have also weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of USCB Financial in a report on Friday, May 29th. Zacks Research raised shares of USCB Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Wall Street Zen downgraded USCB Financial from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Piper Sandler upped their price objective on USCB Financial from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of USCB Financial in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.67.

USCB Financial Stock Performance

Shares of USCB opened at $21.67 on Monday. The business’s 50 day moving average is $19.53 and its two-hundred day moving average is $19.23. USCB Financial has a 52-week low of $16.06 and a 52-week high of $21.83. The firm has a market cap of $395.69 million, a price-to-earnings ratio of 14.26 and a beta of 0.51. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.41.

USCB Financial (NASDAQ:USCB) last released its quarterly 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 business had revenue of $27.95 million during 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%. Analysts forecast that USCB Financial will post 2.02 EPS for the current fiscal year.

Insider Transactions at USCB Financial

In other USCB Financial news, CEO La Aguilera Luis De sold 49,414 shares of USCB Financial stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $18.30, for a total value of $904,276.20. Following the completion of the transaction, the chief executive officer directly owned 242,945 shares in the company, valued at $4,445,893.50. The trade was a 16.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ramon Abadin sold 9,000 shares of the stock in a transaction that occurred 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 owned 24,561 shares in the company, valued at $447,255.81. The trade was a 26.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 248,122 shares of company stock valued at $4,514,106. Insiders own 27.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its position in USCB Financial by 60.1% in the fourth quarter. NewEdge Advisors LLC now owns 1,700 shares of the company’s stock worth $31,000 after buying an additional 638 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of USCB Financial by 66.2% during the third quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company’s stock valued at $39,000 after acquiring an additional 883 shares during the period. SG Americas Securities LLC grew its position in shares of USCB Financial by 16.7% during the first quarter. SG Americas Securities LLC now owns 6,363 shares of the company’s stock worth $118,000 after acquiring an additional 910 shares during the last quarter. TD Asset Management Inc grew its position in shares of USCB Financial by 4.2% during the fourth quarter. TD Asset Management Inc now owns 44,696 shares of the company’s stock worth $823,000 after acquiring an additional 1,810 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of USCB Financial by 100.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company’s stock worth $65,000 after acquiring an additional 1,854 shares during the period. Institutional investors and hedge funds 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.