USCB Financial (NASDAQ:USCB) Price Target Raised to $24.00

USCB Financial (NASDAQ:USCB) had its price target lifted by Keefe, Bruyette & Woods from $22.00 to $24.00 in a research note released on Monday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also recently weighed in on the stock. Zacks Research raised shares of USCB Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Hovde Group upped their price objective on shares of USCB Financial from $20.00 to $22.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Wall Street Zen raised USCB Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, July 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of USCB Financial in a report on Friday, May 29th. Finally, Piper Sandler lifted their target price on USCB Financial from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, USCB Financial currently has a consensus rating of “Buy” and an average target price of $23.75.

USCB Financial Trading Down 0.6%

Shares of NASDAQ USCB opened at $22.38 on Monday. USCB Financial has a fifty-two week low of $16.06 and a fifty-two week high of $23.74. The firm has a market capitalization of $408.66 million, a P/E ratio of 14.72 and a beta of 0.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.91 and a quick ratio of 0.91. The company’s 50 day simple moving average is $20.15 and its 200 day simple moving average is $19.41.

USCB Financial (NASDAQ:USCB) last issued its earnings results on Thursday, July 23rd. The company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. The company had revenue of $27.95 million during the quarter, compared to analysts’ expectations of $26.74 million. USCB Financial had a net margin of 17.24% and a return on equity of 16.07%. On average, analysts predict that USCB Financial will post 2.09 EPS for the current year.

USCB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 17th will be issued a dividend of $0.125 per share. The ex-dividend date is Monday, August 17th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.2%. USCB Financial’s dividend payout ratio (DPR) is presently 32.89%.

Insider Buying and Selling

In related news, CEO La Aguilera Luis De sold 49,414 shares of USCB Financial stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $18.30, for a total value of $904,276.20. Following the sale, the chief executive officer owned 242,945 shares of the company’s stock, valued at approximately $4,445,893.50. This trade represents a 16.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ramon Abadin sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $18.21, for a total value of $163,890.00. Following the transaction, 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 position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 158,122 shares of company stock worth $2,876,068. 27.40% of the stock is owned by insiders.

Institutional Trading of USCB Financial

A number of institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC grew its position in USCB Financial by 60.1% in the fourth quarter. NewEdge Advisors LLC now owns 1,700 shares of the company’s stock valued at $31,000 after purchasing an additional 638 shares in the last quarter. Russell Investments Group Ltd. lifted its position in USCB Financial by 66.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company’s stock worth $39,000 after buying an additional 883 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in USCB Financial during the 1st quarter worth about $41,000. BNP Paribas Financial Markets lifted its position in USCB Financial by 100.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company’s stock worth $65,000 after buying an additional 1,854 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of 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 worth $70,000 after buying an additional 4,017 shares during the last quarter. 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.