USCB Financial Holdings, Inc. (NASDAQ:USCB) Given Consensus Rating of “Moderate Buy” by Brokerages

USCB Financial Holdings, Inc. (NASDAQ:USCB) has been given an average rating of “Moderate Buy” by the five research firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $22.00.

USCB has been the subject of several recent analyst reports. Piper Sandler upped their price target on USCB Financial from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Zacks Research upgraded USCB Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Weiss Ratings restated a “buy (b)” rating on shares of USCB Financial in a research note on Friday, May 29th. Wall Street Zen upgraded USCB Financial from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Hovde Group upped their price target on USCB Financial from $19.50 to $20.00 and gave the stock a “market perform” rating in a research note on Monday, April 27th.

Insider Activity

In other news, major shareholder W Kirk Wycoff sold 37,152 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $18.24, for a total transaction of $677,652.48. Following the completion of the transaction, the insider directly owned 1,826,634 shares in the company, valued at approximately $33,317,804.16. This represents a 1.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 value of $904,276.20. Following the transaction, the chief executive officer owned 242,945 shares of the company’s stock, valued at $4,445,893.50. This represents a 16.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 248,122 shares of company stock worth $4,514,106. 49.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On USCB Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC grew its stake in shares of USCB Financial by 60.1% in the 4th quarter. NewEdge Advisors LLC now owns 1,700 shares of the company’s stock worth $31,000 after buying an additional 638 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of USCB Financial by 66.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company’s stock valued at $39,000 after acquiring an additional 883 shares during the last quarter. SG Americas Securities LLC grew its position in USCB Financial by 16.7% in the first quarter. SG Americas Securities LLC now owns 6,363 shares of the company’s stock worth $118,000 after acquiring an additional 910 shares in the last quarter. TD Asset Management Inc increased its stake in USCB Financial by 4.2% during the fourth quarter. TD Asset Management Inc now owns 44,696 shares of the company’s stock worth $823,000 after acquiring an additional 1,810 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in USCB Financial by 100.3% during the third quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company’s stock worth $65,000 after acquiring an additional 1,854 shares during the last quarter. 61.34% of the stock is owned by hedge funds and other institutional investors.

USCB Financial Trading Up 0.3%

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 company has a debt-to-equity ratio of 0.41, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $356.98 million, a price-to-earnings ratio of 13.67 and a beta of 0.53. The business has a 50 day simple moving average of $18.89 and a two-hundred day simple moving average of $18.91.

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

USCB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 15th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a 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.