USCB Financial Holdings, Inc. (NASDAQ:USCB) Receives $23.75 Consensus PT from Brokerages

USCB Financial Holdings, Inc. (NASDAQ:USCB) has been given a consensus recommendation of “Buy” by the six analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $23.75.

A number of brokerages have recently commented on USCB. Piper Sandler raised their target price on shares of USCB Financial from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of USCB Financial in a report on Wednesday. Keefe, Bruyette & Woods increased their price objective on USCB Financial from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Wall Street Zen downgraded USCB Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, Zacks Research upgraded USCB Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th.

Hedge Funds Weigh In On USCB Financial

Several institutional investors have recently made changes to their positions in the company. Patriot Financial Partners GP II L.P. purchased a new stake in USCB Financial in the third quarter worth about $35,527,000. T. Rowe Price Investment Management Inc. increased its position in USCB Financial by 5.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,316,580 shares of the company’s stock valued at $24,252,000 after purchasing an additional 71,728 shares during the period. Alliancebernstein L.P. raised its holdings in shares of USCB Financial by 9.0% in the 2nd quarter. Alliancebernstein L.P. now owns 973,088 shares of the company’s stock valued at $16,095,000 after purchasing an additional 79,983 shares in the last quarter. Mendon Capital Advisors Corp raised its holdings in shares of USCB Financial by 3.1% in the 2nd quarter. Mendon Capital Advisors Corp now owns 691,048 shares of the company’s stock valued at $11,430,000 after purchasing an additional 20,870 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of USCB Financial by 17.8% in the 2nd quarter. Wellington Management Group LLP now owns 539,779 shares of the company’s stock worth $11,044,000 after purchasing an additional 81,450 shares during the period. Hedge funds and other institutional investors own 61.34% of the company’s stock.

USCB Financial Price Performance

NASDAQ:USCB opened at $22.42 on Friday. USCB Financial has a twelve month low of $16.36 and a twelve month high of $23.89. The company has a market cap of $414.19 million, a price-to-earnings ratio of 14.75 and a beta of 0.50. The stock has a fifty day simple moving average of $21.34 and a 200-day simple moving average of $19.76. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.20.

USCB Financial (NASDAQ:USCB) last issued its 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. The firm had revenue of $27.95 million during the quarter, compared to analyst estimates of $26.74 million. USCB Financial had a net margin of 17.24% and a return on equity of 15.77%. Analysts anticipate that USCB Financial will post 2.09 EPS for the current year.

USCB Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 17th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend 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 is presently 32.89%.

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.