USCB Financial Holdings, Inc. (NASDAQ:USCB) Receives $22.00 Average Price Target from Brokerages

USCB Financial Holdings, Inc. (NASDAQ:USCB) has been assigned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $22.00.

Several brokerages have recently commented on USCB. Zacks Research raised USCB Financial from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Piper Sandler lifted their price objective on USCB Financial from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Weiss Ratings restated a “buy (b)” rating on shares of USCB Financial in a research note on Friday, May 29th. Hovde Group lifted their price target on USCB Financial from $19.50 to $20.00 and gave the company a “market perform” rating in a report on Monday, April 27th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of USCB Financial in a research report on Monday, April 27th.

Insider Buying and Selling

In related news, Director Ramon Abadin sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $18.21, for a total value of $163,890.00. Following the completion of the transaction, the director owned 24,561 shares in the company, valued at $447,255.81. The trade was a 26.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO La Aguilera Luis De sold 49,414 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $18.30, for a total value of $904,276.20. Following the completion of the transaction, the chief executive officer owned 242,945 shares in the company, valued at $4,445,893.50. The trade was a 16.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 248,122 shares of company stock valued at $4,514,106. 49.50% of the stock is currently owned by company insiders.

Institutional Trading of USCB Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its position 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 period. PNC Financial Services Group Inc. acquired a new stake in shares of USCB Financial during the 1st quarter worth approximately $41,000. Russell Investments Group Ltd. grew its position in shares of USCB Financial by 66.2% during 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. BNP Paribas Financial Markets lifted its holdings in USCB Financial by 100.3% in the third 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 during the period. Finally, Tower Research Capital LLC TRC boosted its stake in USCB Financial by 2,081.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,210 shares of the company’s stock valued at $70,000 after acquiring an additional 4,017 shares during the last quarter. 61.34% of the stock is currently owned by institutional investors and hedge funds.

USCB Financial Stock Up 0.3%

USCB opened at $19.15 on Friday. The firm has a market cap of $349.68 million, a price-to-earnings ratio of 13.39 and a beta of 0.53. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91. The firm’s 50-day simple moving average is $18.90 and its 200-day simple moving average is $18.96. USCB Financial has a twelve month low of $15.83 and a twelve month high of $20.78.

USCB Financial (NASDAQ:USCB) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $26.18 million for the quarter, compared to the consensus estimate of $25.95 million. USCB Financial had a net margin of 17.04% and a return on equity of 15.37%. Equities research analysts anticipate that USCB Financial will post 2.02 EPS for the current fiscal year.

USCB Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 15th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, May 15th. USCB Financial’s dividend payout ratio is presently 34.97%.

About USCB Financial

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.