USCB Financial Holdings, Inc. (NASDAQ:USCB) Stock Has Consensus Target Price of $24.33

Key Points

• Analyst sentiment is moderately positive: Six analysts give USCB Financial an average rating of “Moderate Buy,” with a consensus 12-month price target of $24.33 versus the reported share price of $22.35.
• Recent financial results met expectations: USCB reported quarterly EPS of $0.49, in line with estimates, while revenue of $27.95 million exceeded the $26.74 million consensus forecast.
• Shareholders received a dividend: The company paid a quarterly dividend of $0.125 per share, equivalent to $0.50 annually and a 2.2% yield; institutional investors own 61.34% of the stock.

Shares of USCB Financial Holdings, Inc. (NASDAQ:USCB - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $24.33.

A number of equities analysts have commented on USCB shares. Zacks Research lowered shares of USCB Financial from a "strong-buy" rating to a "hold" rating in a report on Friday, September 25th. Wall Street Zen downgraded USCB Financial from a "buy" rating to a "hold" rating in a research note on Saturday, August 22nd. Hovde Group lifted their target price on USCB Financial from $20.00 to $22.00 and gave the stock a "market perform" rating in a research report on Monday, July 27th. Weiss Ratings raised USCB Financial from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday, October 8th. Finally, Piper Sandler boosted their price target on USCB Financial from $24.00 to $27.00 and gave the stock an "overweight" rating in a research note on Monday, July 27th.

USCB Financial Trading Up 0.1%

USCB opened at $22.35 on Friday. The firm's 50 day moving average is $22.57 and its 200-day moving average is $20.67. USCB Financial has a 52-week low of $16.52 and a 52-week 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. The firm has a market capitalization of $412.80 million, a P/E ratio of 14.70 and a beta of 0.45.

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

USCB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 17th were paid a dividend of $0.1250 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, August 17th. USCB Financial's dividend payout ratio (DPR) is 32.89%.

Hedge Funds Weigh In On USCB Financial

Several institutional investors and hedge funds have recently made changes to their positions in USCB. Mendon Capital Advisors Corp grew its position in shares of USCB Financial by 17.9% during the first 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 in the last quarter. Wellington Management Group LLP increased its stake in shares of USCB Financial by 17.8% in the second quarter. Wellington Management Group LLP now owns 539,779 shares of the company's stock worth $11,044,000 after buying an additional 81,450 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in USCB Financial by 15.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 198,845 shares of the company's stock valued at $3,687,000 after acquiring an additional 26,267 shares during the last quarter. Squarepoint Ops LLC grew its holdings 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 in the last quarter. Finally, SG Americas Securities LLC grew its holdings in USCB Financial by 16.7% during the 1st quarter. SG Americas Securities LLC now owns 6,363 shares of the company's stock worth $118,000 after acquiring an additional 910 shares in the last quarter. 61.34% of the stock is currently owned by hedge funds and other institutional investors.

About USCB Financial

USCB Financial Corp. is the bank holding company for U.S. Century Bank, a community bank headquartered in Miami, Florida. Through its banking subsidiary, the company provides financial services to individuals, families, professionals and businesses, with a focus on relationship-based banking.

U.S. Century Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending services include commercial real estate, commercial and industrial, residential real estate and consumer loans.

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