USCB Financial (NASDAQ:USCB) Raised to “Strong-Buy” at Zacks Research

USCB Financial (NASDAQ:USCB) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Wall Street Zen raised shares of USCB Financial from a “hold” rating to a “buy” rating in a research note on Tuesday. Piper Sandler boosted their price objective on USCB Financial from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of USCB Financial in a report on Friday, May 29th. Hovde Group raised their target price on USCB Financial from $20.00 to $22.00 and gave the company a “market perform” rating in a research report on Monday. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of USCB Financial in a research note on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $23.67.

USCB Financial Price Performance

Shares of NASDAQ USCB opened at $22.02 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a fifty day moving average of $19.79 and a 200 day moving average of $19.30. The firm has a market cap of $402.09 million, a PE ratio of 14.49 and a beta of 0.51. USCB Financial has a one year low of $16.06 and a one year high of $23.74.

USCB Financial (NASDAQ:USCB) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. USCB Financial had a net margin of 17.24% and a return on equity of 16.07%. The business had revenue of $27.95 million for the quarter, compared to the consensus estimate of $26.74 million. As a group, research analysts predict that USCB Financial will post 2.09 EPS for the current fiscal year.

Insider Buying and Selling

In other USCB Financial news, Director Ramon Abadin sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $18.21, for a total value of $163,890.00. Following the transaction, the director directly owned 24,561 shares of the company’s stock, valued at $447,255.81. This trade represents a 26.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO La Aguilera Luis De sold 49,414 shares of the business’s 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 transaction, the chief executive officer owned 242,945 shares in the company, valued at approximately $4,445,893.50. This represents a 16.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 210,970 shares of company stock worth $3,836,454. 27.40% of the stock is owned by insiders.

Hedge Funds Weigh In On USCB Financial

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its holdings in USCB Financial by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 248,716 shares of the company’s stock valued at $4,114,000 after buying an additional 4,242 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of USCB Financial by 25.9% during the 2nd quarter. Hsbc Holdings PLC now owns 32,875 shares of the company’s stock worth $546,000 after acquiring an additional 6,770 shares during the period. First Trust Advisors LP purchased a new position in shares of USCB Financial during the 2nd quarter worth $212,000. Gabelli Funds LLC acquired a new position in shares of USCB Financial during the 2nd quarter valued at about $563,000. Finally, Alliancebernstein L.P. raised its position in USCB Financial by 9.0% in the second quarter. Alliancebernstein L.P. now owns 973,088 shares of the company’s stock valued at $16,095,000 after purchasing an additional 79,983 shares during the period. Hedge funds and other institutional investors 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.