USCB Financial (NASDAQ:USCB) Cut to “Hold” at Wall Street Zen

USCB Financial (NASDAQ:USCB) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Monday.

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

USCB Financial Price Performance

Shares of NASDAQ USCB opened at $20.48 on Monday. USCB Financial has a 12-month low of $16.06 and a 12-month high of $20.99. The company has a market capitalization of $373.96 million, a PE ratio of 14.32 and a beta of 0.51. 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 firm’s 50-day moving average is $19.30 and its two-hundred day moving average is $19.16.

USCB Financial (NASDAQ:USCB) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.47 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $25.95 million. Equities analysts anticipate that USCB Financial will post 2.02 EPS for the current fiscal year.

Insider Activity at USCB Financial

In related news, Director Ramon Abadin sold 9,000 shares of the firm’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 sale, the director directly owned 24,561 shares of the company’s stock, valued at approximately $447,255.81. This trade represents a 26.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO La Aguilera Luis De sold 49,414 shares of the business’s 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 completion of the sale, the chief executive officer owned 242,945 shares of the company’s stock, valued at approximately $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. Insiders sold 248,122 shares of company stock worth $4,514,106 over the last three months. Corporate insiders own 49.50% of the company’s stock.

Hedge Funds Weigh In On USCB Financial

A number of hedge funds have recently made changes to their positions in USCB. Geode Capital Management LLC increased its holdings in shares of USCB Financial by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 248,716 shares of the company’s stock worth $4,114,000 after buying an additional 4,242 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in USCB Financial by 25.9% in the second quarter. Hsbc Holdings PLC now owns 32,875 shares of the company’s stock valued at $546,000 after acquiring an additional 6,770 shares during the last quarter. First Trust Advisors LP purchased a new stake in USCB Financial during the second quarter valued at about $212,000. Gabelli Funds LLC purchased a new stake in USCB Financial during the second quarter valued at about $563,000. Finally, Alliancebernstein L.P. grew its position in USCB Financial by 9.0% during the second quarter. Alliancebernstein L.P. now owns 973,088 shares of the company’s stock valued at $16,095,000 after acquiring an additional 79,983 shares during the period. Institutional investors and hedge funds own 61.34% of the company’s stock.

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.