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

USCB Financial (NASDAQ:USCB) was downgraded by Raymond James from an “outperform” rating to a “market perform” rating in a note issued to investors on Wednesday,Finviz reports.

USCB Financial Price Performance

Shares of NASDAQ USCB opened at $18.63 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.55. USCB Financial has a fifty-two week low of $10.25 and a fifty-two week high of $21.86. The business has a 50 day moving average price of $18.88 and a two-hundred day moving average price of $17.83. The firm has a market cap of $373.59 million, a PE ratio of 15.15 and a beta of 0.64.

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

Institutional Trading of USCB Financial

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mendon Capital Advisors Corp grew its position in shares of USCB Financial by 7.4% in the 4th quarter. Mendon Capital Advisors Corp now owns 674,811 shares of the company’s stock worth $11,978,000 after acquiring an additional 46,206 shares in the last quarter. Kennedy Capital Management LLC boosted its holdings in USCB Financial by 309.5% in the fourth quarter. Kennedy Capital Management LLC now owns 285,305 shares of the company’s stock worth $5,064,000 after purchasing an additional 215,636 shares during the period. Geode Capital Management LLC increased its stake in USCB Financial by 1.4% during the third quarter. Geode Capital Management LLC now owns 237,892 shares of the company’s stock valued at $3,628,000 after purchasing an additional 3,250 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of USCB Financial by 17.6% during the fourth quarter. Renaissance Technologies LLC now owns 117,088 shares of the company’s stock worth $2,078,000 after purchasing an additional 17,488 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of USCB Financial by 12.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 100,597 shares of the company’s stock worth $1,786,000 after buying an additional 11,199 shares during the last quarter. 61.34% of the stock is owned by institutional investors.

About USCB Financial

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.