USCB Financial Holdings, Inc. (NASDAQ:USCB) Receives $22.00 Average PT from Analysts

Shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) have earned an average recommendation of “Moderate Buy” from the five research firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $22.00.

USCB has been the subject of a number of recent analyst reports. Hovde Group increased their price target on USCB Financial from $19.50 to $20.00 and gave the stock a “market perform” rating in a report on Monday, April 27th. Wall Street Zen upgraded USCB Financial from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Zacks Research upgraded USCB Financial from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Piper Sandler increased their price target on USCB Financial from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, April 28th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of USCB Financial in a research report on Monday, April 27th.

Insider Transactions at USCB Financial

In other news, Director Ramon Abadin sold 9,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $18.21, for a total transaction of $163,890.00. Following the transaction, the director owned 24,561 shares of the company’s stock, valued at $447,255.81. This represents a 26.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder W Kirk Wycoff sold 37,152 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $18.24, for a total transaction of $677,652.48. Following the transaction, the insider directly owned 1,826,634 shares in the company, valued at $33,317,804.16. This trade represents a 1.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 256,122 shares of company stock valued at $4,660,266 in the last 90 days. 49.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On USCB Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mendon Capital Advisors Corp boosted its position 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 worth $10,644,000 after purchasing an additional 86,958 shares in the last quarter. North Reef Capital Management LP boosted its position in shares of USCB Financial by 3.5% during the 1st quarter. North Reef Capital Management LP now owns 128,093 shares of the company’s stock worth $2,375,000 after purchasing an additional 4,352 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in shares of USCB Financial during the 1st quarter worth about $41,000. Dimensional Fund Advisors LP lifted its position in USCB Financial by 15.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 198,845 shares of the company’s stock valued at $3,687,000 after acquiring an additional 26,267 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in USCB Financial by 10.9% in the 1st quarter. Bank of New York Mellon Corp now owns 48,008 shares of the company’s stock valued at $890,000 after acquiring an additional 4,711 shares in the last quarter. Institutional investors own 61.34% of the company’s stock.

USCB Financial Stock Performance

Shares of USCB Financial stock opened at $18.62 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average price of $18.77 and a two-hundred day moving average price of $18.79. USCB Financial has a 1-year low of $15.56 and a 1-year high of $20.78. The company has a market cap of $340.00 million, a P/E ratio of 13.02 and a beta of 0.53.

USCB Financial (NASDAQ:USCB) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates 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. As a group, analysts anticipate that USCB Financial will post 2.02 EPS for the current year.

USCB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 15th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, May 15th. USCB Financial’s dividend payout ratio is 34.97%.

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.