Piper Sandler Forecasts Strong Price Appreciation for USCB Financial (NASDAQ:USCB) Stock

Key Points

• Piper Sandler has raised the price target for USCB Financial from $22.00 to $23.00, indicating a potential upside of 33.29% from the current price.
• Raymond James Financial upgraded USCB Financial from an "outperform" to a "strong-buy" rating, with a new price target of $22.00.
• USCB Financial's quarterly earnings surpassed expectations, reporting an EPS of $0.40 compared to a consensus estimate of $0.38.

USCB Financial (NASDAQ:USCB - Get Free Report) had its price objective lifted by equities research analysts at Piper Sandler from $22.00 to $23.00 in a report released on Monday, MarketBeat Ratings reports. The brokerage presently has an "overweight" rating on the stock. Piper Sandler's price objective would suggest a potential upside of 32.49% from the company's current price.

Separately, Raymond James Financial raised shares of USCB Financial from an "outperform" rating to a "strong-buy" rating and raised their price target for the company from $20.00 to $22.00 in a research note on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $22.00.

USCB Financial Price Performance

Shares of USCB stock traded down $0.07 during mid-day trading on Monday, hitting $17.36. 29,806 shares of the stock were exchanged, compared to its average volume of 19,532. The firm has a fifty day moving average of $17.15 and a 200 day moving average of $17.22. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. USCB Financial has a 52-week low of $13.90 and a 52-week high of $21.86. The company has a market cap of $348.59 million, a PE ratio of 11.81 and a beta of 0.62.

USCB Financial (NASDAQ:USCB - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. The firm had revenue of $24.40 million for the quarter, compared to analyst estimates of $23.72 million. USCB Financial had a net margin of 19.51% and a return on equity of 13.39%. Research analysts anticipate that USCB Financial will post 1.58 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets purchased a new position in USCB Financial in the 4th quarter worth approximately $36,000. Police & Firemen s Retirement System of New Jersey purchased a new position in USCB Financial in the 2nd quarter worth approximately $38,000. Tower Research Capital LLC TRC lifted its stake in USCB Financial by 2,081.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,210 shares of the company's stock worth $70,000 after purchasing an additional 4,017 shares in the last quarter. Wells Fargo & Company MN lifted its stake in USCB Financial by 32.8% in the 4th quarter. Wells Fargo & Company MN now owns 5,799 shares of the company's stock worth $103,000 after purchasing an additional 1,431 shares in the last quarter. Finally, Deutsche Bank AG purchased a new position in USCB Financial in the 1st quarter worth approximately $165,000. 61.34% of the stock is owned by hedge funds and other institutional investors.

USCB Financial Company Profile

USCB Financial Holdings, Inc operates as the bank holding company for U.S. Century Bank that engages in the provision of various personal and business banking products and services in the United States. It accepts various deposit products, including commercial and consumer checking, money market deposit, savings, and time deposit accounts, as well as certificates of deposit.