USCB Financial (NASDAQ:USCB) Stock Gets Price Target Reduction from Piper Sandler

USCB Financial (NASDAQ:USCB) had its price objective trimmed by Piper Sandler from $27.00 to $24.00 in a report published on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research analysts also recently issued reports on USCB. Hovde Group lifted their price target on USCB Financial from $20.00 to $22.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. Zacks Research cut shares of USCB Financial from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 25th. Wall Street Zen downgraded shares of USCB Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Keefe, Bruyette & Woods lifted their target price on shares of USCB Financial from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings upgraded shares of USCB Financial from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.25.

USCB Financial Stock Performance

Shares of USCB stock opened at $19.85 on Tuesday. The stock has a fifty day moving average price of $22.29 and a 200 day moving average price of $20.28. The stock has a market cap of $366.63 million, a PE ratio of 12.56 and a beta of 0.45. USCB Financial has a 1 year low of $17.00 and a 1 year high of $23.89. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.97 and a current ratio of 0.97.

USCB Financial (NASDAQ:USCB) last posted its 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 firm had revenue of $26.97 million for the quarter, compared to analysts’ expectations of $29.18 million. USCB Financial had a return on equity of 15.76% and a net margin of 17.44%. Sell-side analysts forecast that USCB Financial will post 2.01 earnings per share for the current fiscal year.

USCB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Monday, November 16th will be issued a $0.1250 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, November 16th. USCB Financial’s payout ratio is 31.65%.

Institutional Trading of USCB Financial

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rosenthal Henry Capital Advisors Inc. raised its stake in USCB Financial by 53.8% in the 3rd quarter. Rosenthal Henry Capital Advisors Inc. now owns 49,590 shares of the company’s stock valued at $1,083,000 after purchasing an additional 17,350 shares during the last quarter. WASHINGTON TRUST Co acquired a new stake in shares of USCB Financial during the 3rd quarter worth about $218,000. Integrated Wealth Concepts LLC acquired a new stake in shares of USCB Financial during the 2nd quarter worth about $59,000. Squarepoint Ops LLC boosted its stake in shares of USCB Financial by 200.7% during the 2nd quarter. Squarepoint Ops LLC now owns 59,362 shares of the company’s stock worth $1,215,000 after purchasing an additional 39,623 shares during the last quarter. Finally, Odyssean LLC purchased a new stake in shares of USCB Financial during the second quarter worth about $270,000. 61.34% of the stock is currently owned by hedge funds and other 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.