USCB Financial (NASDAQ:USCB) Lowered to “Market Perform” Rating by Raymond James

Raymond James downgraded shares of USCB Financial (NASDAQ:USCB) from an outperform rating to a market perform rating in a research note released on Wednesday, MarketBeat Ratings reports.

USCB Financial Price Performance

Shares of NASDAQ:USCB opened at $17.00 on Wednesday. USCB Financial has a one year low of $10.25 and a one year high of $21.86. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $340.90 million, a price-to-earnings ratio of 13.82 and a beta of 0.64. The firm has a 50 day simple moving average of $18.82 and a 200 day simple moving average of $17.84.

USCB Financial (NASDAQ:USCB) last announced its quarterly earnings results on Thursday, January 23rd. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). USCB Financial had a net margin of 17.14% and a return on equity of 12.14%. Research analysts predict that USCB Financial will post 1.58 earnings per share for the current fiscal year.

USCB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Friday, February 14th were paid a $0.10 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.40 annualized dividend and a dividend yield of 2.35%. This is an increase from USCB Financial’s previous quarterly dividend of $0.05. USCB Financial’s dividend payout ratio is currently 32.52%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in USCB. BNP Paribas Financial Markets acquired a new position in USCB Financial in the 4th quarter valued at approximately $36,000. MetLife Investment Management LLC lifted its holdings in shares of USCB Financial by 129.0% during the third quarter. MetLife Investment Management LLC now owns 6,656 shares of the company’s stock worth $102,000 after purchasing an additional 3,750 shares during the period. Wells Fargo & Company MN grew its stake in shares of USCB Financial by 32.8% in the fourth quarter. Wells Fargo & Company MN now owns 5,799 shares of the company’s stock worth $103,000 after purchasing an additional 1,431 shares during the last quarter. Stifel Financial Corp acquired a new stake in USCB Financial in the third quarter valued at $244,000. Finally, JPMorgan Chase & Co. raised its position in USCB Financial by 228.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,686 shares of the company’s stock worth $300,000 after purchasing an additional 13,692 shares during the last quarter. Institutional investors own 61.34% of the company’s stock.

USCB Financial Company Profile

USCB Financial Holdings, Inc operates as the bank holding company for U.S. Century Bank that engages in the provision of various personal and business banking products and services in the United States. It accepts various deposit products, including commercial and consumer checking, money market deposit, savings, and time deposit accounts, as well as certificates of deposit.