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

USCB Financial Holdings, Inc. (NASDAQ:USCB) has earned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $22.00.

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of USCB Financial in a report on Friday, May 29th. Raymond James Financial reissued a “strong-buy” rating on shares of USCB Financial in a report on Monday, April 27th. Piper Sandler upped their price target on shares of USCB Financial from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Wall Street Zen downgraded shares of USCB Financial from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, Hovde Group lifted their price target on shares of USCB Financial from $19.50 to $20.00 and gave the stock a “market perform” rating in a report on Monday, April 27th.

USCB Financial Trading Down 2.3%

NASDAQ USCB opened at $19.76 on Thursday. The company has a market cap of $360.82 million, a price-to-earnings ratio of 13.82 and a beta of 0.51. USCB Financial has a twelve month low of $16.06 and a twelve month high of $20.93. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.41. The business’s fifty day moving average is $19.03 and its 200 day moving average is $19.09.

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

USCB Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 15th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, May 15th. USCB Financial’s dividend payout ratio (DPR) is currently 34.97%.

Insiders Place Their Bets

In other news, Director Ramon Abadin sold 9,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $18.21, for a total value of $163,890.00. Following the completion of the sale, the director owned 24,561 shares of the company’s stock, valued at approximately $447,255.81. This represents a 26.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO La Aguilera Luis De sold 49,414 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was 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 trade represents a 16.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 248,122 shares of company stock valued at $4,514,106. 49.50% of the stock is currently owned by company insiders.

Institutional Trading of USCB Financial

Institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its position in USCB Financial by 2,081.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,210 shares of the company’s stock valued at $70,000 after purchasing an additional 4,017 shares during the period. BNP Paribas Financial Markets lifted its position in shares of USCB Financial by 100.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company’s stock worth $65,000 after purchasing an additional 1,854 shares during the period. Russell Investments Group Ltd. boosted its stake 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 purchasing an additional 883 shares during the last quarter. NewEdge Advisors LLC increased its position 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 worth $31,000 after buying an additional 638 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in 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 worth $890,000 after buying an additional 4,711 shares during the last quarter. 61.34% of the stock is currently 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.