USCB Financial Holdings, Inc. (NASDAQ:USCB) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Analysts maintain a consensus “Buy” rating on USCB Financial, with three buy, two strong-buy, and one hold recommendation. The average 12-month price target is $24.33, with recent targets ranging from $22 to $27.
• USCB reported quarterly EPS of $0.49, in line with estimates, while revenue of $27.95 million exceeded expectations of $26.74 million. Analysts expect full-year EPS of approximately $2.09.
• The company paid a quarterly dividend of $0.125, equivalent to an annualized $0.50 payout and a 2.2% yield; institutional investors own 61.34% of its shares.

USCB Financial Holdings, Inc. (NASDAQ:USCB - Get Free Report) has been assigned a consensus rating of "Buy" from the six research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $24.3333.

USCB has been the topic of a number of recent research reports. Wall Street Zen downgraded USCB Financial from a "buy" rating to a "hold" rating in a research note on Saturday, August 22nd. Weiss Ratings reissued a "buy (b)" rating on shares of USCB Financial in a research note on Wednesday, August 26th. Keefe, Bruyette & Woods raised their price objective on shares of USCB Financial from $22.00 to $24.00 and gave the company an "outperform" rating in a research report on Monday, August 3rd. Piper Sandler lifted their target price on shares of USCB Financial from $24.00 to $27.00 and gave the company an "overweight" rating in a research note on Monday, July 27th. Finally, Hovde Group lifted their target price on shares of USCB Financial from $20.00 to $22.00 and gave the company a "market perform" rating in a research note on Monday, July 27th.

USCB Financial Stock Down 0.2%

USCB stock opened at $23.08 on Tuesday. The company has a 50 day moving average of $22.25 and a two-hundred day moving average of $20.16. The company has a market cap of $426.29 million, a price-to-earnings ratio of 15.18 and a beta of 0.47. USCB Financial has a 12-month low of $16.36 and a 12-month high of $23.89. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.20.

USCB Financial (NASDAQ:USCB - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. USCB Financial had a net margin of 17.24% and a return on equity of 15.77%. The business had revenue of $27.95 million for the quarter, compared to analysts' expectations of $26.74 million. On average, equities analysts anticipate that USCB Financial will post 2.09 earnings per share for the current fiscal year.

USCB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Monday, August 17th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, August 17th. USCB Financial's payout ratio is presently 32.89%.

Institutional Investors Weigh In On USCB Financial

A number of large investors have recently bought and sold shares of the business. Mendon Capital Advisors Corp boosted its holdings in shares of USCB Financial by 17.9% during the 1st quarter. Mendon Capital Advisors Corp now owns 574,100 shares of the company's stock worth $10,644,000 after buying an additional 86,958 shares during the period. Wellington Management Group LLP raised its holdings in 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 acquiring an additional 81,450 shares during the period. Squarepoint Ops LLC lifted its position in USCB Financial by 200.7% during the 2nd quarter. Squarepoint Ops LLC now owns 59,362 shares of the company's stock worth $1,215,000 after acquiring an additional 39,623 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in USCB Financial by 15.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 198,845 shares of the company's stock worth $3,687,000 after acquiring an additional 26,267 shares during the last quarter. Finally, Globeflex Capital L P bought a new stake in USCB Financial during the second quarter valued at about $398,000. 61.34% of the stock is currently owned by institutional investors.

USCB Financial Company Profile

USCB Financial Corporation is a bank holding company headquartered in Miami, Florida. Through its subsidiary, U.S. Century Bank, the company provides banking and financial services to individuals, families, entrepreneurs, and businesses.

U.S. Century Bank offers deposit accounts, commercial and residential real estate lending, commercial and industrial loans, small business financing, consumer loans, and treasury management services. Its banking platform also includes online and mobile banking, cash management, and other digital financial services.

The company focuses primarily on customers and communities in South Florida, including the Miami-Dade, Broward, and Palm Beach markets.

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