USCB Financial (NASDAQ:USCB) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of USCB Financial (NASDAQ:USCB) from a buy rating to a hold rating in a research note released on Saturday.

USCB has been the subject of several other research reports. Raymond James Financial restated a “strong-buy” rating on shares of USCB Financial in a research note on Monday, April 27th. 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 report on Monday, July 27th. Keefe, Bruyette & Woods boosted their target price on USCB Financial from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of USCB Financial in a report on Friday, May 29th. Finally, Piper Sandler lifted their price target on shares of USCB Financial from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $23.75.

USCB Financial Stock Down 0.3%

Shares of USCB Financial stock opened at $22.44 on Friday. The company has a 50-day simple moving average of $21.03 and a two-hundred day simple moving average of $19.67. USCB Financial has a 52-week low of $16.36 and a 52-week high of $23.74. 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 has a market capitalization of $414.47 million, a PE ratio of 14.76 and a beta of 0.50.

USCB Financial (NASDAQ:USCB) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. The company had revenue of $27.95 million during the quarter, compared to the consensus estimate of $26.74 million. USCB Financial had a net margin of 17.24% and a return on equity of 15.77%. On average, analysts anticipate that USCB Financial will post 2.09 EPS for the current fiscal year.

USCB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 17th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.2%. USCB Financial’s dividend payout ratio is 32.89%.

Hedge Funds Weigh In On USCB Financial

Several institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its holdings in 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 purchasing an additional 638 shares during the last quarter. Russell Investments Group Ltd. increased its stake in USCB Financial by 66.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company’s stock worth $39,000 after buying an additional 883 shares during the period. PNC Financial Services Group Inc. purchased a new position in USCB Financial in the 1st quarter worth about $41,000. BNP Paribas Financial Markets lifted its holdings in USCB Financial by 100.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company’s stock valued at $65,000 after buying an additional 1,854 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in USCB Financial by 2,081.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,210 shares of the company’s stock valued at $70,000 after buying an additional 4,017 shares during the period. Hedge funds and other institutional investors own 61.34% of the company’s stock.

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.