USCB Financial (NASDAQ:USCB) Downgraded to Hold Rating by Zacks Research

USCB Financial (NASDAQ:USCB) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Separately, Weiss Ratings restated a “buy (b)” rating on shares of USCB Financial in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $22.00.

USCB Financial Price Performance

Shares of NASDAQ USCB opened at $18.73 on Wednesday. The firm has a market cap of $339.20 million, a P/E ratio of 14.41 and a beta of 0.60. USCB Financial has a twelve month low of $15.39 and a twelve month high of $20.78. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average of $18.84 and a 200 day moving average of $17.80.

USCB Financial (NASDAQ:USCB) last posted its earnings results on Thursday, January 22nd. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.07). The business had revenue of $25.53 million during the quarter, compared to the consensus estimate of $26.34 million. USCB Financial had a return on equity of 14.78% and a net margin of 16.36%. As a group, research analysts expect that USCB Financial will post 1.58 EPS for the current fiscal year.

Insider Activity

In other news, Director W Kirk Wycoff sold 39,000 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $18.68, for a total value of $728,520.00. Following the completion of the sale, the director directly owned 1,856,286 shares in the company, valued at $34,675,422.48. This represents a 2.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last ninety days, insiders have sold 179,623 shares of company stock worth $3,303,784. Insiders own 49.50% of the company’s stock.

Institutional Trading of USCB Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted 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 valued at $39,000 after buying an additional 883 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in USCB Financial by 100.3% during the third quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company’s stock valued at $65,000 after purchasing an additional 1,854 shares in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in shares of USCB Financial in the second quarter worth approximately $38,000. Salzhauer Michael increased its stake in shares of USCB Financial by 8.4% in the second quarter. Salzhauer Michael now owns 31,729 shares of the company’s stock worth $525,000 after purchasing an additional 2,460 shares in the last quarter. Finally, Barclays PLC raised its position in shares of USCB Financial by 7.0% during the 3rd quarter. Barclays PLC now owns 51,245 shares of the company’s stock valued at $894,000 after purchasing an additional 3,351 shares during the period. Hedge funds and other institutional investors 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.