USCB Financial (NASDAQ:USCB) Stock Gets Price Target Reduction from Piper Sandler

USCB Financial (NASDAQ:USCB) had its target price lowered by equities research analysts at Piper Sandler from $27.00 to $24.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler‘s target price would indicate a potential upside of 19.34% from the stock’s previous close.

Several other research firms have also weighed in on USCB. Zacks Research lowered USCB Financial from a “strong-buy” rating to a “hold” rating in a report on Friday, September 25th. Keefe, Bruyette & Woods lifted their price objective on shares of USCB Financial from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Raymond James Financial cut shares of USCB Financial from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $25.00 to $23.00 in a research report on Monday. Weiss Ratings raised shares of USCB Financial from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. Finally, Wall Street Zen lowered shares of USCB Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $23.25.

USCB Financial Price Performance

USCB traded up $0.37 during trading hours on Tuesday, hitting $20.11. The company’s stock had a trading volume of 21,772 shares, compared to its average volume of 60,087. The business’s 50-day moving average price is $22.45 and its 200-day moving average price is $20.27. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.20. The stock has a market cap of $371.43 million, a price-to-earnings ratio of 12.73 and a beta of 0.45. USCB Financial has a 12 month low of $17.00 and a 12 month high of $23.89.

USCB Financial (NASDAQ:USCB) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). USCB Financial had a net margin of 17.44% and a return on equity of 15.76%. The business had revenue of $26.97 million during the quarter, compared to the consensus estimate of $29.18 million. Sell-side analysts expect that USCB Financial will post 2.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On USCB Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mendon Capital Advisors Corp grew its stake in 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 in the last quarter. Wellington Management Group LLP increased its stake in shares of 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 buying an additional 81,450 shares during the period. Squarepoint Ops LLC increased its stake in shares of USCB Financial by 200.7% during the second quarter. Squarepoint Ops LLC now owns 59,362 shares of the company’s stock valued at $1,215,000 after buying an additional 39,623 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of USCB Financial by 15.2% in the first quarter. Dimensional Fund Advisors LP now owns 198,845 shares of the company’s stock valued at $3,687,000 after acquiring an additional 26,267 shares in the last quarter. Finally, Globeflex Capital L P bought a new stake in shares of USCB Financial in the second quarter valued at about $398,000. Institutional investors own 61.34% of the company’s stock.

USCB Financial Company Profile

USCB Financial Corp. is the bank holding company for U.S. Century Bank, a community bank headquartered in South Florida. The bank provides financial products and services to individuals, businesses, professionals and nonprofit organizations in the region, with a particular focus on the Miami-Dade County market and surrounding South Florida communities.

U.S. Century Bank offers deposit accounts, commercial and residential real estate loans, commercial and industrial lending, consumer loans and small business financing.