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

Key Points

• Analysts maintain a bullish view: Six firms give USCB Financial a consensus “Buy” rating, with three buys, two strong buys and one hold. The average 12-month price target is $23.75, with recent targets ranging from $22 to $27.
• USCB Financial matched quarterly earnings expectations at $0.49 per share and exceeded revenue estimates, reporting $27.95 million versus the expected $26.74 million. Analysts forecast $2.09 in earnings per share for the current fiscal year.
• The company declared a quarterly dividend of $0.125, equivalent to $0.50 annually and a 2.2% yield. Institutional investors own 61.34% of the stock, while shares recently traded at $22.29 within a $16.36–$23.89 one-year range.

Shares of USCB Financial Holdings, Inc. (NASDAQ:USCB - Get Free Report) have earned a consensus rating of "Buy" from the six research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $23.75.

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods boosted their target price on USCB Financial from $22.00 to $24.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. Piper Sandler raised their price target on USCB Financial from $24.00 to $27.00 and gave the company an "overweight" rating in a report on Monday, July 27th. Zacks Research upgraded USCB Financial from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th. Hovde Group boosted their price objective on USCB Financial from $20.00 to $22.00 and gave the stock a "market perform" rating in a report on Monday, July 27th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of USCB Financial in a research report on Friday, May 29th.

USCB Financial Price Performance

USCB opened at $22.29 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $411.79 million, a P/E ratio of 14.66 and a beta of 0.50. The company's 50 day simple moving average is $21.27 and its 200-day simple moving average is $19.74. USCB Financial has a one year low of $16.36 and a one year high of $23.89.

USCB Financial (NASDAQ:USCB - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. USCB Financial had a net margin of 17.24% and a return on equity of 15.77%. The firm had revenue of $27.95 million during the quarter, compared to analysts' expectations of $26.74 million. Sell-side 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 will be paid on Friday, September 4th. Investors of record on Monday, August 17th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.2%. The ex-dividend date is Monday, August 17th. USCB Financial's dividend payout ratio is currently 32.89%.

Institutional Trading of USCB Financial

Institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its position in shares of USCB Financial by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 248,716 shares of the company's stock valued at $4,114,000 after acquiring an additional 4,242 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of USCB Financial by 25.9% in the 2nd quarter. Hsbc Holdings PLC now owns 32,875 shares of the company's stock valued at $546,000 after purchasing an additional 6,770 shares during the period. First Trust Advisors LP bought a new position in shares of USCB Financial in the 2nd quarter worth $212,000. Gabelli Funds LLC bought a new position in shares of USCB Financial in the 2nd quarter worth $563,000. Finally, Alliancebernstein L.P. grew its stake in shares of USCB Financial by 9.0% during the second quarter. Alliancebernstein L.P. now owns 973,088 shares of the company's stock worth $16,095,000 after purchasing an additional 79,983 shares during the period. Institutional investors and hedge funds 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.

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