USCB Financial Holdings, Inc. (NASDAQ:USCB) Stock Has Consensus Target Price of $24.33 According to Brokerages

USCB Financial Holdings, Inc. (NASDAQ:USCB) has been assigned a consensus rating of “Buy” from the six analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $24.33.

USCB has been the topic of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of USCB Financial in a report on Wednesday, August 26th. Keefe, Bruyette & Woods boosted their target price on shares of USCB Financial from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Wall Street Zen lowered USCB Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Zacks Research upgraded USCB Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Finally, Piper Sandler lifted their price target on USCB Financial from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, July 27th.

Institutional Trading of USCB Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC acquired a new position in shares of USCB Financial in the 2nd quarter valued at $59,000. Squarepoint Ops LLC grew its position in shares of USCB Financial by 200.7% in the 2nd quarter. Squarepoint Ops LLC now owns 59,362 shares of the company’s stock valued at $1,215,000 after buying an additional 39,623 shares during the last quarter. Odyssean LLC acquired a new stake in USCB Financial during the 2nd quarter worth $270,000. Wellington Management Group LLP raised its stake in USCB Financial by 17.8% during the 2nd quarter. Wellington Management Group LLP now owns 539,779 shares of the company’s stock worth $11,044,000 after acquiring an additional 81,450 shares in the last quarter. Finally, Globeflex Capital L P purchased a new stake in USCB Financial in the second quarter valued at $398,000. Institutional investors and hedge funds own 61.34% of the company’s stock.

USCB Financial Stock Up 1.0%

USCB stock opened at $22.67 on Tuesday. The company’s 50 day moving average price is $22.38 and its 200 day moving average price is $20.24. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.97 and a current ratio of 0.97. USCB Financial has a fifty-two week low of $16.36 and a fifty-two week high of $23.89. The firm has a market capitalization of $418.71 million, a price-to-earnings ratio of 14.91 and a beta of 0.47.

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

USCB Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 17th were paid a $0.1250 dividend. This represents a $0.50 annualized dividend and a yield of 2.2%. The ex-dividend date was Monday, August 17th. USCB Financial’s dividend payout ratio is currently 32.89%.

About USCB Financial

USCB Financial Corporation is a bank holding company headquartered in Miami, Florida. Through its subsidiary, U.S. Century Bank, the company provides banking and financial services to individuals, families, entrepreneurs, and businesses.

U.S. Century Bank offers deposit accounts, commercial and residential real estate lending, commercial and industrial loans, small business financing, consumer loans, and treasury management services. Its banking platform also includes online and mobile banking, cash management, and other digital financial services.

The company focuses primarily on customers and communities in South Florida, including the Miami-Dade, Broward, and Palm Beach markets.