USCB Financial (NASDAQ:USCB) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of USCB Financial (NASDAQ:USCB) from a hold rating to a buy rating in a research report sent to investors on Tuesday.

A number of other equities analysts have also weighed in on USCB. Raymond James Financial restated a “strong-buy” rating on shares of USCB Financial in a research report on Monday, April 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of USCB Financial in a report on Friday, May 29th. Hovde Group boosted their price target on shares of USCB Financial from $20.00 to $22.00 and gave the stock a “market perform” rating in a research note on Monday. Piper Sandler increased their price objective on shares of USCB Financial from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Monday. Finally, Zacks Research upgraded USCB Financial from a “strong sell” rating to a “hold” rating in a research report 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.67.

USCB Financial Stock Down 0.1%

NASDAQ USCB opened at $22.65 on Tuesday. USCB Financial has a 12 month low of $16.06 and a 12 month high of $23.74. 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 stock has a market cap of $413.59 million, a PE ratio of 14.90 and a beta of 0.51. The stock’s 50 day moving average is $19.72 and its 200 day moving average is $19.28.

USCB Financial (NASDAQ:USCB) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. The business had revenue of $27.95 million during the quarter, compared to analyst estimates of $26.74 million. USCB Financial had a net margin of 17.24% and a return on equity of 16.07%. Research analysts predict that USCB Financial will post 2.06 EPS for the current fiscal year.

USCB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 17th 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 2.2%. The ex-dividend date is Monday, August 17th. USCB Financial’s dividend payout ratio is currently 32.89%.

Insider Activity

In related news, major shareholder W Kirk Wycoff sold 37,152 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $18.24, for a total value of $677,652.48. Following the completion of the transaction, the insider directly owned 1,826,634 shares of the company’s stock, valued at approximately $33,317,804.16. This trade represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO La Aguilera Luis De sold 49,414 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $18.30, for a total transaction of $904,276.20. Following the completion of the sale, the chief executive officer owned 242,945 shares in the company, valued at $4,445,893.50. This represents a 16.90% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 248,122 shares of company stock worth $4,514,106. 27.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On USCB Financial

A number of institutional investors and hedge funds have recently made changes to their positions in USCB. NewEdge Advisors LLC raised its position in shares of USCB Financial by 60.1% during the 4th quarter. NewEdge Advisors LLC now owns 1,700 shares of the company’s stock valued at $31,000 after buying an additional 638 shares in the last quarter. Russell Investments Group Ltd. grew its position in USCB Financial by 66.2% in the third quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company’s stock worth $39,000 after acquiring an additional 883 shares in the last quarter. PNC Financial Services Group Inc. purchased a new position in USCB Financial in the first quarter worth about $41,000. BNP Paribas Financial Markets increased its stake in USCB Financial by 100.3% during the third 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 last quarter. Finally, Tower Research Capital LLC TRC increased its stake in USCB Financial by 2,081.3% during the second quarter. Tower Research Capital LLC TRC now owns 4,210 shares of the company’s stock worth $70,000 after acquiring an additional 4,017 shares during the last quarter. 61.34% of the stock is owned by hedge funds and other institutional investors.

USCB Financial Company Profile

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.