USCB Financial Holdings, Inc. (NASDAQ:USCB) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• USCB Financial Holdings has a consensus analyst rating of “Moderate Buy” from five brokerages, with an average 1-year price target of $22.00. Recent analyst actions were mixed but generally positive, including target increases from Piper Sandler and Hovde Group.
• The stock was trading around $19.55, near its 52-week high of $20.78, and the company sports a market cap of about $357 million with a relatively low beta of 0.53. USCB also reported quarterly EPS of $0.47, narrowly missing estimates, while revenue topped expectations.
• USCB recently paid a quarterly dividend of $0.125 per share, implying an annualized yield of about 2.6%. Insider selling has been notable in recent months, though institutional ownership remains high at 61.34%.

Shares of USCB Financial Holdings, Inc. (NASDAQ:USCB - Get Free Report) have received an average rating of "Moderate Buy" from the five brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, two have issued 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 a report on the stock in the last year is $22.00.

A number of equities research analysts have issued reports on the company. Piper Sandler boosted their price target on USCB Financial from $23.00 to $24.00 and gave the company an "overweight" rating in a research note on Tuesday, April 28th. Zacks Research upgraded USCB Financial from a "strong sell" rating to a "hold" rating in a research note on Monday, March 30th. Raymond James Financial restated a "strong-buy" rating on shares of USCB Financial in a research note on Monday, April 27th. Hovde Group boosted their price target on USCB Financial from $19.50 to $20.00 and gave the company a "market perform" rating in a research note on Monday, April 27th. Finally, Wall Street Zen upgraded USCB Financial from a "hold" rating to a "buy" rating in a research note on Saturday.

USCB Financial Trading Up 0.3%

USCB Financial stock opened at $19.55 on Friday. The business has a 50-day simple moving average of $18.89 and a two-hundred day simple moving average of $18.91. The company has a market cap of $356.98 million, a P/E ratio of 13.67 and a beta of 0.53. USCB Financial has a 52-week low of $15.56 and a 52-week high of $20.78. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.41.

USCB Financial (NASDAQ:USCB - Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.01). The firm had revenue of $26.18 million for the quarter, compared to the consensus estimate of $25.95 million. USCB Financial had a net margin of 17.04% and a return on equity of 15.37%. Analysts predict that USCB Financial will post 2.02 EPS for the current year.

USCB Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 15th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, May 15th. USCB Financial's payout ratio is currently 34.97%.

Insider Activity at USCB Financial

In related news, Director Ramon Abadin sold 9,000 shares of the business's stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $18.21, for a total transaction of $163,890.00. Following the completion of the transaction, the director directly owned 24,561 shares in the company, valued at approximately $447,255.81. The trade was a 26.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder W Kirk Wycoff sold 37,152 shares of the business's stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $18.24, for a total value of $677,652.48. Following the transaction, the insider owned 1,826,634 shares of the company's stock, valued at approximately $33,317,804.16. This trade represents a 1.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 248,122 shares of company stock worth $4,514,106. 49.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in USCB. Patriot Financial Partners GP II L.P. bought a new position in shares of USCB Financial during the 3rd quarter valued at approximately $35,527,000. North Reef Capital Management LP bought a new position in shares of USCB Financial during the 4th quarter valued at approximately $2,279,000. Mendon Capital Advisors Corp grew its stake 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 valued at $10,644,000 after acquiring an additional 86,958 shares during the period. Alliancebernstein L.P. grew its stake in shares of USCB Financial by 9.0% during the 2nd quarter. Alliancebernstein L.P. now owns 973,088 shares of the company's stock valued at $16,095,000 after acquiring an additional 79,983 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its stake in shares of USCB Financial by 5.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,316,580 shares of the company's stock valued at $24,252,000 after acquiring an additional 71,728 shares during the period. 61.34% of the stock is currently owned by institutional investors.

About USCB Financial

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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