USCB Financial (NASDAQ:USCB) Rating Lowered to Strong Sell at Zacks Research

USCB Financial (NASDAQ:USCB) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday, Zacks reports.

Several other equities analysts have also weighed in on the company. Weiss Ratings upgraded USCB Financial from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. Wall Street Zen lowered shares of USCB Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Hovde Group upped their target price on USCB Financial from $20.00 to $22.00 and gave the company a “market perform” rating in a report on Monday, July 27th. Raymond James Financial cut shares of USCB Financial from a “strong-buy” rating to an “outperform” rating and dropped their price target for the company from $25.00 to $23.00 in a research note on Monday. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of USCB Financial from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $23.25.

USCB Financial Price Performance

NASDAQ USCB opened at $20.04 on Monday. The company has a market capitalization of $370.22 million, a PE ratio of 12.68 and a beta of 0.45. The company has a fifty day moving average of $22.40 and a 200 day moving average of $20.27. USCB Financial has a 1 year low of $17.00 and a 1 year high of $23.89.

USCB Financial (NASDAQ:USCB) last posted its earnings results on Thursday, October 22nd. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.05). The company had revenue of $26.97 million during the quarter, compared to analysts’ expectations of $29.18 million. Research analysts expect that USCB Financial will post 2.09 earnings per share for the current year.

Institutional Trading of USCB Financial

Large investors have recently bought and sold shares of the business. Mendon Capital Advisors Corp grew its stake in shares of USCB Financial by 17.9% in 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 last quarter. Wellington Management Group LLP increased its holdings in USCB Financial by 17.8% in 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 in the last quarter. Squarepoint Ops LLC increased its holdings in USCB Financial by 200.7% in 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings in 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 buying an additional 26,267 shares in the last quarter. Finally, Globeflex Capital L P acquired a new stake in shares of USCB Financial during the 2nd quarter valued at approximately $398,000. Institutional investors and hedge funds 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.