USCB Financial (NASDAQ:USCB) Downgraded by Wall Street Zen to Hold

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

A number of other brokerages have also recently commented on USCB. Raymond James Financial reaffirmed 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 research report on Monday, March 30th. Hovde Group boosted their price objective 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. Piper Sandler boosted 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. Finally, Weiss Ratings restated a “buy (b)” rating on shares of USCB Financial in a research report on Friday, May 29th. One research 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. 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 Stock Up 3.2%

Shares of NASDAQ USCB opened at $20.53 on Friday. The company has a 50 day simple moving average of $18.89 and a 200 day simple moving average of $19.02. 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 has a 1 year low of $16.06 and a 1 year high of $20.93. The firm has a market cap of $374.88 million, a PE ratio of 14.36 and a beta of 0.53.

USCB Financial (NASDAQ:USCB) last announced its 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 return on equity of 15.37% and a net margin of 17.04%.The company had revenue of $26.18 million for the quarter, compared to analyst estimates of $25.95 million. On average, research analysts forecast that USCB Financial will post 2.02 EPS for the current year.

Insider Buying and Selling

In other USCB Financial news, CEO La Aguilera Luis De sold 49,414 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 242,945 shares in the company, valued at approximately $4,445,893.50. This trade represents a 16.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ramon Abadin sold 9,000 shares of USCB Financial stock in a transaction 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 completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 248,122 shares of company stock valued at $4,514,106 over the last ninety days. 49.50% of the stock is owned by corporate insiders.

Institutional Trading of USCB Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mendon Capital Advisors Corp increased its position in USCB Financial by 17.9% in the 1st quarter. Mendon Capital Advisors Corp now owns 574,100 shares of the company’s stock valued at $10,644,000 after buying an additional 86,958 shares in the last quarter. North Reef Capital Management LP boosted its holdings in USCB Financial by 3.5% in the first quarter. North Reef Capital Management LP now owns 128,093 shares of the company’s stock worth $2,375,000 after acquiring an additional 4,352 shares in the last quarter. PNC Financial Services Group Inc. acquired a new stake in USCB Financial in the first quarter valued at approximately $41,000. Dimensional Fund Advisors LP grew its stake in USCB Financial by 15.2% in the first quarter. Dimensional Fund Advisors LP now owns 198,845 shares of the company’s stock valued at $3,687,000 after acquiring an additional 26,267 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of USCB Financial by 10.9% during the first quarter. Bank of New York Mellon Corp now owns 48,008 shares of the company’s stock valued at $890,000 after acquiring an additional 4,711 shares in the last quarter. 61.34% of the stock is owned by institutional investors.

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.