USCB Financial (NASDAQ:USCB) Downgraded by Wall Street Zen to "Hold"

Key Points

• Wall Street Zen downgraded USCB Financial from “Buy” to “Hold,” although the broader analyst consensus remains “Buy” with an average price target of $23.75.
• USCB shares opened at $22.44, down 0.3%, with a 52-week range of $16.36 to $23.74 and a market capitalization of approximately $414.6 million.
• The company’s latest quarterly results met expectations with EPS of $0.49 and exceeded revenue estimates, reporting $27.95 million versus the $26.74 million consensus forecast.

USCB Financial (NASDAQ:USCB - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

USCB has been the subject of a number of other reports. Piper Sandler lifted their target price on shares of USCB Financial from $24.00 to $27.00 and gave the company an "overweight" rating in a research note on Monday, July 27th. Hovde Group increased their price target on shares of USCB Financial from $20.00 to $22.00 and gave the stock a "market perform" rating in a research note on Monday, July 27th. Keefe, Bruyette & Woods raised their price target on shares of USCB Financial from $22.00 to $24.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. Zacks Research upgraded shares of USCB Financial from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of USCB Financial in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, USCB Financial presently has a consensus rating of "Buy" and an average price target of $23.75.

USCB Financial Stock Down 0.3%

USCB opened at $22.44 on Friday. USCB Financial has a fifty-two week low of $16.36 and a fifty-two week high of $23.74. The business has a 50-day moving average of $21.03 and a 200-day moving average of $19.67. 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 company has a market capitalization of $414.56 million, a PE ratio of 14.76 and a beta of 0.50.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its holdings in shares of USCB Financial by 60.1% during the fourth quarter. NewEdge Advisors LLC now owns 1,700 shares of the company's stock worth $31,000 after buying an additional 638 shares during the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of USCB Financial in the first quarter worth $41,000. Russell Investments Group Ltd. grew its stake in shares of USCB Financial by 66.2% in the third quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company's stock worth $39,000 after acquiring an additional 883 shares during the last quarter. BNP Paribas Financial Markets increased its position in USCB Financial by 100.3% during the third quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company's stock worth $65,000 after acquiring an additional 1,854 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in USCB Financial by 2,081.3% during the second quarter. Tower Research Capital LLC TRC now owns 4,210 shares of the company's stock worth $70,000 after acquiring an additional 4,017 shares during the period. 61.34% of the stock is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source