USCB Financial (NASDAQ:USCB) Price Target Lowered to $21.00 at Keefe, Bruyette & Woods

USCB Financial (NASDAQ:USCB - Get Free Report) had its price objective lowered by equities researchers at Keefe, Bruyette & Woods from $23.00 to $21.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' price objective would indicate a potential upside of 22.74% from the stock's current price.

Separately, Raymond James lowered USCB Financial from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd.

USCB Financial Stock Performance

Shares of NASDAQ:USCB traded up $0.33 during trading on Monday, hitting $17.11. 22,463 shares of the company were exchanged, compared to its average volume of 28,242. USCB Financial has a 52-week low of $11.41 and a 52-week high of $21.86. The company has a market cap of $343.02 million, a PE ratio of 13.91 and a beta of 0.65. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a 50 day moving average of $17.84 and a 200 day moving average of $18.14.

USCB Financial (NASDAQ:USCB - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.38 EPS for the quarter, hitting the consensus estimate of $0.38. USCB Financial had a net margin of 17.14% and a return on equity of 12.14%. The firm had revenue of $22.83 million for the quarter, compared to the consensus estimate of $22.94 million. As a group, equities research analysts predict that USCB Financial will post 1.58 EPS for the current year.

Institutional Investors Weigh In On USCB Financial

Institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets purchased a new stake in USCB Financial during the 4th quarter valued at about $36,000. Wells Fargo & Company MN increased its position in shares of USCB Financial by 32.8% during the fourth quarter. Wells Fargo & Company MN now owns 5,799 shares of the company's stock valued at $103,000 after acquiring an additional 1,431 shares in the last quarter. Stifel Financial Corp purchased a new position in USCB Financial in the 3rd quarter worth approximately $244,000. Los Angeles Capital Management LLC bought a new position in USCB Financial in the 4th quarter valued at approximately $332,000. Finally, JPMorgan Chase & Co. boosted its stake in USCB Financial by 228.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,686 shares of the company's stock valued at $300,000 after purchasing an additional 13,692 shares during the last quarter. 61.34% of the stock is owned by hedge funds and other institutional investors.

About USCB Financial

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.