USCB Financial (NASDAQ:USCB) Stock Rating Lowered by Zacks Research

USCB Financial (NASDAQ:USCB) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other research firms also recently weighed in on USCB. Piper Sandler raised their target price on shares of USCB Financial from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, September 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of USCB Financial in a report on Wednesday, October 8th. Finally, Raymond James Financial raised USCB Financial from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $20.00 to $22.00 in a research note on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, USCB Financial presently has an average rating of “Buy” and a consensus target price of $22.00.

USCB Financial Trading Up 1.6%

NASDAQ USCB opened at $17.85 on Thursday. USCB Financial has a 52 week low of $15.39 and a 52 week high of $21.86. The firm has a 50 day moving average of $17.27 and a two-hundred day moving average of $17.01. The stock has a market capitalization of $358.39 million, a PE ratio of 11.37 and a beta of 0.60. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47.

USCB Financial (NASDAQ:USCB) last posted its quarterly earnings results on Monday, August 7th. The company reported $0.26 earnings per share for the quarter. USCB Financial had a return on equity of 14.12% and a net margin of 20.23%.The company had revenue of $17.26 million for the quarter. As a group, research analysts expect that USCB Financial will post 1.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Alliancebernstein L.P. boosted its holdings 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 last quarter. Gabelli Funds LLC acquired a new position in shares of USCB Financial in the 2nd quarter valued at approximately $563,000. Mendon Capital Advisors Corp raised its position in shares of USCB Financial by 3.1% in the 2nd quarter. Mendon Capital Advisors Corp now owns 691,048 shares of the company’s stock valued at $11,430,000 after purchasing an additional 20,870 shares in the last quarter. Nuveen LLC purchased a new position in shares of USCB Financial during the 1st quarter valued at approximately $289,000. Finally, First Trust Advisors LP acquired a new stake in shares of USCB Financial during the second quarter worth approximately $212,000. 61.34% of the stock is owned by institutional investors and hedge funds.

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.