USCB Financial Holdings, Inc. (NASDAQ:USCB) Stock Has Average Target Price of $24.33

USCB Financial Holdings, Inc. (NASDAQ:USCB) has earned an average recommendation of “Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $24.33.

USCB has been the subject of several research reports. Piper Sandler upped their price objective on shares of USCB Financial from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Wall Street Zen cut USCB Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Zacks Research upgraded USCB Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of USCB Financial in a report on Wednesday, August 26th. Finally, Hovde Group lifted their price objective on USCB Financial from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th.

USCB Financial Trading Down 0.2%

Shares of USCB stock opened at $22.63 on Tuesday. USCB Financial has a fifty-two week low of $16.36 and a fifty-two week 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. The stock’s fifty day moving average is $22.42 and its two-hundred day moving average is $20.25. The firm has a market capitalization of $417.98 million, a P/E ratio of 14.89 and a beta of 0.47.

USCB Financial (NASDAQ:USCB) last released its earnings results on Thursday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, hitting 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 15.77%. Research analysts expect that USCB Financial will post 2.09 earnings per share for the current fiscal year.

USCB Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 17th were issued a $0.1250 dividend. This represents a $0.50 annualized dividend and a yield of 2.2%. The ex-dividend date was Monday, August 17th. USCB Financial’s dividend payout ratio is presently 32.89%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of USCB. PNC Financial Services Group Inc. purchased a new stake in shares of USCB Financial in the first quarter valued at about $41,000. Integrated Wealth Concepts LLC acquired a new position in USCB Financial in the 2nd quarter valued at about $59,000. SG Americas Securities LLC grew its stake in shares of USCB Financial by 16.7% in the 1st quarter. SG Americas Securities LLC now owns 6,363 shares of the company’s stock valued at $118,000 after buying an additional 910 shares during the period. Odyssean LLC purchased a new stake in shares of USCB Financial in the 2nd quarter valued at approximately $270,000. Finally, Legato Capital Management LLC acquired a new stake in shares of USCB Financial during the 4th quarter worth approximately $290,000. Hedge funds and other institutional investors own 61.34% of the company’s stock.

About USCB Financial

USCB Financial Corporation is a bank holding company headquartered in Miami, Florida. Through its subsidiary, U.S. Century Bank, the company provides banking and financial services to individuals, families, entrepreneurs, and businesses.

U.S. Century Bank offers deposit accounts, commercial and residential real estate lending, commercial and industrial loans, small business financing, consumer loans, and treasury management services. Its banking platform also includes online and mobile banking, cash management, and other digital financial services.

The company focuses primarily on customers and communities in South Florida, including the Miami-Dade, Broward, and Palm Beach markets.