USCB Financial’s (USCB) “Buy (B-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their buy (b-) rating on shares of USCB Financial (NASDAQ:USCB) in a research report released on Wednesday morning,Weiss Ratings reports.

A number of other equities research analysts have also recently weighed in on the stock. Piper Sandler lifted their price objective on shares of USCB Financial from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Raymond James Financial raised USCB Financial from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from $20.00 to $22.00 in a report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $22.00.

USCB Financial Price Performance

Shares of NASDAQ USCB opened at $16.44 on Wednesday. USCB Financial has a fifty-two week low of $14.34 and a fifty-two week high of $21.86. The firm’s 50-day simple moving average is $17.13 and its 200 day simple moving average is $17.03. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. The stock has a market cap of $330.12 million, a P/E ratio of 11.18 and a beta of 0.61.

USCB Financial (NASDAQ:USCB) last issued its quarterly earnings data on Monday, August 7th. The company reported $0.26 earnings per share for the quarter. USCB Financial had a net margin of 19.51% and a return on equity of 13.39%. The business had revenue of $17.26 million for the quarter. Equities analysts expect that USCB Financial will post 1.58 EPS for the current year.

USCB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.40 dividend on an annualized basis and a yield of 2.4%. USCB Financial’s dividend payout ratio (DPR) is currently 27.21%.

Hedge Funds Weigh In On USCB Financial

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in USCB Financial by 25.9% in the 4th quarter. Bank of America Corp DE now owns 25,552 shares of the company’s stock worth $454,000 after purchasing an additional 5,252 shares in the last quarter. Hsbc Holdings PLC increased its stake in USCB Financial by 21.1% in the 1st quarter. Hsbc Holdings PLC now owns 26,105 shares of the company’s stock worth $485,000 after purchasing an additional 4,552 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in USCB Financial by 5.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,912 shares of the company’s stock worth $592,000 after purchasing an additional 1,581 shares in the last quarter. Nuveen LLC purchased a new position in USCB Financial in the 1st quarter worth about $289,000. Finally, Deutsche Bank AG purchased a new position in USCB Financial in the 1st quarter worth about $165,000. Hedge funds and other institutional investors own 61.34% of the company’s stock.

About USCB Financial

USCB Financial Holdings, Inc operates as the bank holding company for U.S. Century Bank that engages in the provision of various personal and business banking products and services in the United States. It accepts various deposit products, including commercial and consumer checking, money market deposit, savings, and time deposit accounts, as well as certificates of deposit.