USCB Financial Holdings, Inc. (NASDAQ:USCB) Given Average Rating of “Moderate Buy” by Brokerages

Shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) have been given a consensus rating of “Moderate Buy” by the five research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $22.00.

USCB has been the subject of a number of analyst reports. Piper Sandler raised their target price on shares of USCB Financial from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Raymond James Financial reaffirmed 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. Wall Street Zen raised USCB Financial from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, 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 note on Monday, April 27th.

Insider Buying and Selling

In other news, major shareholder W Kirk Wycoff sold 37,152 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $18.24, for a total transaction of $677,652.48. Following the completion of the sale, the insider owned 1,826,634 shares in the company, valued at approximately $33,317,804.16. This trade represents a 1.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO La Aguilera Luis De sold 49,414 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $18.30, for a total transaction of $904,276.20. Following the completion of the transaction, the chief executive officer owned 242,945 shares in the company, valued at approximately $4,445,893.50. This trade represents a 16.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 248,122 shares of company stock worth $4,514,106. Company insiders own 49.50% of the company’s stock.

Hedge Funds Weigh In On USCB Financial

Institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC boosted its stake in USCB Financial by 60.1% in the 4th quarter. NewEdge Advisors LLC now owns 1,700 shares of the company’s stock valued at $31,000 after purchasing an additional 638 shares during the period. Russell Investments Group Ltd. lifted 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 worth $39,000 after buying an additional 883 shares in the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of USCB Financial during the first quarter worth $41,000. BNP Paribas Financial Markets boosted its position in shares of USCB Financial by 100.3% in the third quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company’s stock valued at $65,000 after acquiring an additional 1,854 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of USCB Financial by 2,081.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,210 shares of the company’s stock valued at $70,000 after acquiring an additional 4,017 shares in the last quarter. Institutional investors and hedge funds own 61.34% of the company’s stock.

USCB Financial Trading Up 1.4%

USCB opened at $20.34 on Thursday. The stock has a market capitalization of $371.41 million, a P/E ratio of 14.22 and a beta of 0.51. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. USCB Financial has a 12 month low of $16.06 and a 12 month high of $20.93. The firm’s fifty day simple moving average is $19.21 and its 200 day simple moving average is $19.13.

USCB Financial (NASDAQ:USCB) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). USCB Financial had a net margin of 17.04% and a return on equity of 15.37%. The firm had revenue of $26.18 million during the quarter, compared to the consensus estimate of $25.95 million. As a group, research analysts anticipate that USCB Financial will post 2.02 EPS for the current fiscal year.

USCB Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 15th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.5%. The ex-dividend date was Friday, May 15th. USCB Financial’s dividend payout ratio (DPR) is 34.97%.

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.