USCB Financial Holdings, Inc. (NASDAQ:USCB) Receives $22.00 Consensus Target Price from Analysts

USCB Financial Holdings, Inc. (NASDAQ:USCB) has received a consensus rating of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $22.00.

USCB has been the topic of several recent analyst reports. Hovde Group raised their price target on shares of USCB Financial from $19.50 to $20.00 and gave the stock a “market perform” rating in a research note on Monday, April 27th. Zacks Research raised shares of USCB Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of USCB Financial in a research note on Monday, April 27th. Wall Street Zen raised shares of USCB Financial from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, Piper Sandler raised their price target on shares of USCB Financial from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th.

Insider Buying and Selling

In related news, Director Ramon Abadin sold 9,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $18.21, for a total value of $163,890.00. Following the transaction, the director owned 24,561 shares of the company’s stock, valued at $447,255.81. This trade represents a 26.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO La Aguilera Luis De sold 49,414 shares of the firm’s stock in a transaction dated 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 $4,445,893.50. This trade represents a 16.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 256,122 shares of company stock valued at $4,660,266 in the last 90 days. Company insiders own 49.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in USCB. Patriot Financial Partners GP II L.P. purchased a new position in USCB Financial during the 3rd quarter valued at about $35,527,000. North Reef Capital Management LP purchased a new position in USCB Financial during the 4th quarter valued at about $2,279,000. Mendon Capital Advisors Corp increased its position in USCB Financial by 17.9% during the 1st quarter. Mendon Capital Advisors Corp now owns 574,100 shares of the company’s stock valued at $10,644,000 after purchasing an additional 86,958 shares during the period. Alliancebernstein L.P. increased its position in USCB Financial by 9.0% during 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 during the period. Finally, 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. Hedge funds and other institutional investors own 61.34% of the company’s stock.

USCB Financial Stock Performance

Shares of USCB opened at $18.62 on Wednesday. USCB Financial has a twelve month low of $15.56 and a twelve month high of $20.78. The company has a market cap of $340.00 million, a P/E ratio of 13.02 and a beta of 0.53. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. The company’s fifty day simple moving average is $18.77 and its 200-day simple moving average is $18.80.

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

USCB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be paid a $0.125 dividend. 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 currently 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.