Brokerages Set USCB Financial Holdings, Inc. (NASDAQ:USCB) Target Price at $22.00

Shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) have been assigned an average rating of “Moderate Buy” from the five research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $22.00.

Several research firms have issued reports on USCB. Piper Sandler increased their price objective on shares of USCB Financial from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. Zacks Research raised shares of USCB Financial from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Hovde Group increased their price objective on shares of USCB Financial from $19.50 to $20.00 and gave the company a “market perform” rating in a report on Monday, April 27th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of USCB Financial in a report on Monday, April 27th. Finally, Wall Street Zen raised shares of USCB Financial from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd.

Insider Buying and Selling at USCB Financial

In other USCB Financial news, major shareholder W Kirk Wycoff sold 37,152 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $18.24, for a total transaction of $677,652.48. Following the transaction, the insider directly owned 1,826,634 shares of the company’s stock, valued at $33,317,804.16. This trade represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO La Aguilera Luis De sold 49,414 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $18.30, for a total transaction of $904,276.20. Following the transaction, the chief executive officer directly owned 242,945 shares in the company, valued at approximately $4,445,893.50. The trade was a 16.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 256,122 shares of company stock valued at $4,660,266 over the last ninety days. Corporate insiders own 49.50% of the company’s stock.

Institutional Investors Weigh In On USCB Financial

A number of hedge funds have recently modified their holdings of the business. Patriot Financial Partners GP II L.P. acquired a new stake in shares of USCB Financial in the third quarter valued at about $35,527,000. T. Rowe Price Investment Management Inc. raised its position in shares of USCB Financial by 5.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,316,580 shares of the company’s stock valued at $24,252,000 after buying an additional 71,728 shares during the last quarter. Endeavour Capital Advisors Inc. raised its position in shares of USCB Financial by 0.5% in the third quarter. Endeavour Capital Advisors Inc. now owns 1,247,211 shares of the company’s stock valued at $21,764,000 after buying an additional 6,262 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of USCB Financial by 9.0% in the second quarter. Alliancebernstein L.P. now owns 973,088 shares of the company’s stock valued at $16,095,000 after buying an additional 79,983 shares during the last quarter. Finally, Mendon Capital Advisors Corp raised its position in shares of USCB Financial by 3.1% in the second quarter. Mendon Capital Advisors Corp now owns 691,048 shares of the company’s stock valued at $11,430,000 after buying an additional 20,870 shares during the last quarter. 61.34% of the stock is currently owned by institutional investors and hedge funds.

USCB Financial Stock Performance

Shares of NASDAQ USCB opened at $18.73 on Wednesday. The company’s fifty day moving average price is $18.79 and its 200 day moving average price is $18.82. USCB Financial has a 1 year low of $15.56 and a 1 year high of $20.78. The company has a market capitalization of $342.01 million, a PE ratio of 13.10 and a beta of 0.53. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91.

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

USCB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, May 15th. USCB Financial’s dividend payout ratio (DPR) is presently 34.97%.

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.