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

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

A number of other equities research analysts also recently commented on the company. Piper Sandler lifted their target price on USCB Financial from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of USCB Financial in a research report on Friday, May 29th. Hovde Group raised their price target on shares of USCB Financial from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Monday. Raymond James Financial restated a “strong-buy” rating on shares of USCB Financial in a research note on Monday, April 27th. Finally, Zacks Research upgraded shares of USCB Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, USCB Financial has a consensus rating of “Moderate Buy” and an average target price of $23.67.

USCB Financial Stock Performance

Shares of USCB stock opened at $22.67 on Tuesday. The business has a fifty day moving average of $19.63 and a 200 day moving average of $19.26. USCB Financial has a 1 year low of $16.06 and a 1 year high of $22.85. 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 has a market capitalization of $413.95 million, a price-to-earnings ratio of 14.91 and a beta of 0.51.

USCB Financial (NASDAQ:USCB) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. The business had revenue of $27.95 million for the quarter, compared to the consensus estimate of $26.74 million. USCB Financial had a return on equity of 16.07% and a net margin of 17.24%. As a group, research analysts expect that USCB Financial will post 2.02 earnings per share for the current year.

Insider Activity at USCB Financial

In other news, CEO La Aguilera Luis De sold 49,414 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $18.30, for a total transaction of $904,276.20. Following the completion of the transaction, the chief executive officer directly owned 242,945 shares of the company’s stock, valued at $4,445,893.50. This represents a 16.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 value of $163,890.00. Following the transaction, the director owned 24,561 shares in the company, valued at $447,255.81. This trade represents a 26.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 248,122 shares of company stock worth $4,514,106. 27.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On USCB Financial

Large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its position in shares of USCB Financial by 60.1% in the fourth quarter. NewEdge Advisors LLC now owns 1,700 shares of the company’s stock valued at $31,000 after purchasing an additional 638 shares during the period. Russell Investments Group Ltd. raised its position in shares of USCB Financial by 66.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company’s stock worth $39,000 after purchasing an additional 883 shares during the last quarter. PNC Financial Services Group Inc. purchased a new position in USCB Financial in the 1st quarter valued at about $41,000. BNP Paribas Financial Markets lifted its stake in USCB Financial by 100.3% in the 3rd 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 in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in USCB Financial by 2,081.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,210 shares of the company’s stock worth $70,000 after buying an additional 4,017 shares during the last quarter. 61.34% of the stock is currently owned by institutional investors and hedge funds.

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.