USCB Financial (NASDAQ:USCB) Stock Rating Lowered by Wall Street Zen

USCB Financial (NASDAQ:USCB) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other equities analysts also recently issued reports on USCB. Hovde Group boosted their target price 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. Zacks Research upgraded shares of USCB Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of USCB Financial in a research note on Friday, May 29th. Raymond James Financial reissued a “strong-buy” rating on shares of USCB Financial in a research report on Monday, April 27th. Finally, Piper Sandler boosted their price objective on shares of USCB Financial from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $23.75.

USCB Financial Price Performance

USCB stock opened at $22.44 on Friday. USCB Financial has a fifty-two week low of $16.36 and a fifty-two week high of $23.74. The business’s 50-day moving average is $21.03 and its two-hundred day moving average is $19.67. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $414.47 million, a price-to-earnings ratio of 14.76 and a beta of 0.50.

USCB Financial (NASDAQ:USCB) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. USCB Financial had a return on equity of 15.77% and a net margin of 17.24%.The business had revenue of $27.95 million during the quarter, compared to the consensus estimate of $26.74 million. As a group, analysts forecast that USCB Financial will post 2.09 earnings per share for the current year.

Institutional Investors Weigh In On USCB Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Odyssean LLC bought a new stake in USCB Financial during the 2nd quarter worth approximately $270,000. Wellington Management Group LLP lifted its holdings in USCB Financial by 17.8% during the second quarter. Wellington Management Group LLP now owns 539,779 shares of the company’s stock valued at $11,044,000 after purchasing an additional 81,450 shares in the last quarter. Globeflex Capital L P purchased a new position in USCB Financial during the second quarter valued at approximately $398,000. Mendon Capital Advisors Corp boosted its position in shares of USCB Financial by 17.9% in the first quarter. Mendon Capital Advisors Corp now owns 574,100 shares of the company’s stock worth $10,644,000 after purchasing an additional 86,958 shares during the period. Finally, North Reef Capital Management LP boosted its position in shares of USCB Financial by 3.5% in the first quarter. North Reef Capital Management LP now owns 128,093 shares of the company’s stock worth $2,375,000 after purchasing an additional 4,352 shares during the period. 61.34% of the stock is owned by hedge funds and other 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.