USCB Financial Holdings, Inc. (NASDAQ:USCB) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

USCB Financial Holdings, Inc. (NASDAQ:USCB) has earned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $22.00.

Several brokerages recently issued reports on USCB. Raymond James Financial reissued a “strong-buy” rating on shares of USCB Financial in a report on Monday, April 27th. Wall Street Zen raised shares of USCB Financial from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Piper Sandler lifted their price objective on shares of USCB Financial from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. Zacks Research raised shares of USCB Financial from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Finally, Hovde Group lifted their price objective on shares of USCB Financial from $19.50 to $20.00 and gave the company a “market perform” rating in a report on Monday, April 27th.

Insider Buying and Selling at USCB Financial

In other USCB Financial news, EVP Andres Collazo sold 8,000 shares of USCB Financial stock in a transaction on Saturday, March 7th. The shares were sold at an average price of $18.27, for a total value of $146,160.00. Following the transaction, the executive vice president directly owned 32,950 shares of the company’s stock, valued at approximately $601,996.50. The trade was a 19.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ramon Abadin sold 9,000 shares of USCB Financial stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $18.21, for a total transaction of $163,890.00. Following the completion of the transaction, the director directly owned 24,561 shares in the company, valued at $447,255.81. This represents a 26.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 164,951 shares of company stock valued at $2,998,791. 49.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On USCB Financial

Several institutional investors and hedge funds have recently bought and sold shares of USCB. Patriot Financial Partners GP II L.P. purchased a new position in USCB Financial in the third quarter worth $35,527,000. North Reef Capital Management LP purchased a new position in USCB Financial in the fourth quarter worth $2,279,000. Mendon Capital Advisors Corp grew its holdings in USCB Financial by 17.9% in the first quarter. Mendon Capital Advisors Corp now owns 574,100 shares of the company’s stock worth $10,644,000 after purchasing an additional 86,958 shares during the last quarter. Alliancebernstein L.P. grew 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 worth $16,095,000 after purchasing an additional 79,983 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its holdings in USCB Financial by 5.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,316,580 shares of the company’s stock worth $24,252,000 after purchasing an additional 71,728 shares during the last quarter. 61.34% of the stock is owned by hedge funds and other institutional investors.

USCB Financial Stock Performance

Shares of NASDAQ:USCB opened at $17.99 on Wednesday. The firm has a market cap of $328.50 million, a PE ratio of 12.58 and a beta of 0.53. The firm’s 50 day simple moving average is $18.75 and its 200-day simple moving average is $18.78. USCB Financial has a one year low of $15.56 and a one year high of $20.78. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91.

USCB Financial (NASDAQ:USCB) last issued its earnings results on Thursday, April 23rd. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The company had revenue of $26.18 million for the quarter, compared to analysts’ expectations of $25.95 million. USCB Financial had a return on equity of 15.37% and a net margin of 17.04%. As a group, equities analysts predict that USCB Financial will post 2.02 EPS for the current year.

USCB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, May 15th. USCB Financial’s dividend payout ratio (DPR) 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.