USCB Financial (NASDAQ:USCB) Upgraded at Wall Street Zen

USCB Financial (NASDAQ:USCB) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Other equities analysts also recently issued research reports about the stock. Zacks Research raised shares of USCB Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of USCB Financial in a research note on Friday, May 29th. Hovde Group raised their target price on shares of USCB Financial from $19.50 to $20.00 and gave the company a “market perform” rating in a research note on Monday, April 27th. Piper Sandler raised their target price on shares of USCB Financial from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of USCB Financial in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

USCB Financial Price Performance

USCB stock opened at $19.55 on Friday. USCB Financial has a 1 year low of $15.56 and a 1 year high of $20.78. The firm has a 50-day moving average of $18.89 and a 200 day moving average of $18.91. The company has a market cap of $356.98 million, a P/E ratio of 13.67 and a beta of 0.53. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.91 and a quick ratio of 0.91.

USCB Financial (NASDAQ:USCB) last announced its earnings results on Thursday, April 23rd. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). USCB Financial had a net margin of 17.04% and a return on equity of 15.37%. The business had revenue of $26.18 million for the quarter, compared to the consensus estimate of $25.95 million. On average, sell-side analysts forecast that USCB Financial will post 2.02 EPS for the current year.

Insider Buying and Selling

In other news, Director Ramon Abadin sold 9,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $18.21, for a total transaction of $163,890.00. Following the sale, the director 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO La Aguilera Luis De sold 49,414 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $18.30, for a total transaction of $904,276.20. Following the sale, the chief executive officer owned 242,945 shares in the company, valued at approximately $4,445,893.50. The trade was a 16.90% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 248,122 shares of company stock worth $4,514,106. Corporate insiders own 49.50% of the company’s stock.

Institutional Investors Weigh In On USCB Financial

A number of institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC grew its holdings in shares of USCB Financial by 60.1% during the fourth quarter. NewEdge Advisors LLC now owns 1,700 shares of the company’s stock valued at $31,000 after buying an additional 638 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of USCB Financial by 66.2% during the third quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company’s stock valued at $39,000 after buying an additional 883 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of USCB Financial by 16.7% during the first quarter. SG Americas Securities LLC now owns 6,363 shares of the company’s stock valued at $118,000 after buying an additional 910 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of USCB Financial by 4.2% during the fourth quarter. TD Asset Management Inc now owns 44,696 shares of the company’s stock valued at $823,000 after buying an additional 1,810 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of USCB Financial by 100.3% during 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 last quarter. Hedge funds and other institutional investors own 61.34% of the company’s stock.

USCB Financial Company Profile

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.