Zacks Research Upgrades USCB Financial (NASDAQ:USCB) to Hold

USCB Financial (NASDAQ:USCB) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Separately, Weiss Ratings restated a “buy (b)” rating on shares of USCB Financial in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $22.00.

USCB Financial Stock Up 0.3%

Shares of NASDAQ:USCB opened at $18.54 on Monday. The firm has a fifty day moving average price of $19.05 and a two-hundred day moving average price of $18.36. The company has a market cap of $338.54 million, a price-to-earnings ratio of 14.26 and a beta of 0.60. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.93 and a quick ratio of 0.93. USCB Financial has a one year low of $15.39 and a one year high of $20.78.

USCB Financial (NASDAQ:USCB) last released its quarterly earnings results on Thursday, January 22nd. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.07). The firm had revenue of $25.53 million during the quarter, compared to the consensus estimate of $26.34 million. USCB Financial had a return on equity of 14.86% and a net margin of 16.36%. Analysts anticipate that USCB Financial will post 1.58 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Andres Collazo sold 8,000 shares of the stock in a transaction on Saturday, March 7th. The stock was sold at an average price of $18.27, for a total value of $146,160.00. Following the transaction, the executive vice president owned 32,950 shares of the company’s stock, valued at $601,996.50. This represents a 19.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO La Aguilera Luis De sold 10,000 shares of the stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $18.02, for a total value of $180,200.00. Following the completion of the transaction, the chief executive officer directly owned 245,893 shares in the company, valued at approximately $4,430,991.86. This represents a 3.91% decrease in their position. The SEC filing for this sale provides additional information. 49.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On USCB Financial

Several hedge funds have recently added to or reduced their stakes in USCB. TD Asset Management Inc purchased a new stake in USCB Financial in the third quarter worth approximately $748,000. GSA Capital Partners LLP grew its position in USCB Financial by 52.0% during the third quarter. GSA Capital Partners LLP now owns 24,530 shares of the company’s stock valued at $428,000 after acquiring an additional 8,397 shares during the last quarter. Endeavour Capital Advisors Inc. raised its stake in shares of USCB Financial by 0.5% during the third quarter. Endeavour Capital Advisors Inc. now owns 1,247,211 shares of the company’s stock worth $21,764,000 after acquiring an additional 6,262 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of USCB Financial by 60.1% during the fourth quarter. NewEdge Advisors LLC now owns 1,700 shares of the company’s stock worth $31,000 after acquiring an additional 638 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of USCB Financial by 188.9% in the 4th quarter. Russell Investments Group Ltd. now owns 6,404 shares of the company’s stock worth $118,000 after acquiring an additional 4,187 shares during the last quarter. Institutional investors own 61.34% of the company’s stock.

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.