USCB Financial Holdings, Inc. (NASDAQ:USCB) Stock Has Consensus Target Price of $23.25 According to Analysts

Key Points

• Analysts rate USCB Financial a “Moderate Buy”, with four buy, one hold and one sell rating among six analysts; the average 12-month price target is $23.25.
• The company’s latest quarterly results fell short of expectations: EPS was $0.51 versus a $0.56 consensus estimate, and revenue was $26.97 million versus $29.18 million expected.
• USCB declared a quarterly dividend of $0.125 per share, equivalent to $0.50 annually and a stated yield of 2.5%.

Shares of USCB Financial Holdings, Inc. (NASDAQ:USCB - Get Free Report) have received an average rating of "Moderate Buy" from the six analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $23.25.

Several brokerages recently commented on USCB. Keefe, Bruyette & Woods boosted their price target on USCB Financial from $22.00 to $24.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. Piper Sandler cut their price objective on shares of USCB Financial from $27.00 to $24.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 27th. Raymond James Financial lowered 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, October 26th. Wall Street Zen cut shares of USCB Financial from a "buy" rating to a "hold" rating in a research note on Saturday, August 22nd. Finally, Zacks Research downgraded shares of USCB Financial from a "hold" rating to a "strong sell" rating in a research report on Monday, October 26th.

Institutional Investors Weigh In On USCB Financial

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC increased its position in USCB Financial by 16.7% during the first quarter. SG Americas Securities LLC now owns 6,363 shares of the company's stock worth $118,000 after buying an additional 910 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of USCB Financial during the 1st quarter worth about $41,000. Integrated Wealth Concepts LLC acquired a new position in shares of USCB Financial during the 2nd quarter valued at about $59,000. North Reef Capital Management LP increased its holdings in shares of USCB Financial by 3.5% during the 1st quarter. North Reef Capital Management LP now owns 128,093 shares of the company's stock valued at $2,375,000 after acquiring an additional 4,352 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of USCB Financial by 10.9% during the 1st quarter. Bank of New York Mellon Corp now owns 48,008 shares of the company's stock valued at $890,000 after acquiring an additional 4,711 shares during the last quarter. Institutional investors and hedge funds own 61.34% of the company's stock.

USCB Financial Price Performance

USCB opened at $19.88 on Wednesday. The stock has a market cap of $365.59 million, a price-to-earnings ratio of 12.58 and a beta of 0.47. USCB Financial has a 1 year low of $17.03 and a 1 year high of $23.89. The company has a current ratio of 0.96, a quick ratio of 0.97 and a debt-to-equity ratio of 1.18. The stock has a fifty day moving average price of $21.89 and a 200 day moving average price of $20.29.

USCB Financial (NASDAQ:USCB - Get Free Report) last issued its 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 15.67%. The firm had revenue of $26.97 million during the quarter, compared to analysts' expectations of $29.18 million. Analysts forecast that USCB Financial will post 2.01 EPS for the current fiscal year.

USCB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Monday, November 16th will be issued a dividend of $0.1250 per share. The ex-dividend date is Monday, November 16th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.5%. USCB Financial's dividend payout ratio (DPR) is currently 31.65%.

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.

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