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

USCB Financial (NASDAQ:USCB - Get Free Report) had its price objective cut by investment analysts at Keefe, Bruyette & Woods from $23.00 to $21.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' target price would indicate a potential upside of 26.74% from the company's current price.

Separately, Raymond James lowered shares of 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 $0.40 during midday trading on Monday, reaching $16.57. The company's stock had a trading volume of 8,485 shares, compared to its average volume of 28,105. 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 market capitalization of $332.28 million, a P/E ratio of 13.48 and a beta of 0.65. The firm has a 50 day moving average price of $18.05 and a 200-day moving average price of $18.11. USCB Financial has a 12-month low of $10.70 and a 12-month high of $21.86.

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

Institutional Investors Weigh In On USCB Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mendon Capital Advisors Corp increased its stake in shares of USCB Financial by 7.4% in the fourth quarter. Mendon Capital Advisors Corp now owns 674,811 shares of the company's stock worth $11,978,000 after purchasing an additional 46,206 shares in the last quarter. Kennedy Capital Management LLC boosted its holdings in USCB Financial by 309.5% in the 4th quarter. Kennedy Capital Management LLC now owns 285,305 shares of the company's stock worth $5,064,000 after buying an additional 215,636 shares during the period. Geode Capital Management LLC raised its holdings in USCB Financial by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 237,892 shares of the company's stock valued at $3,628,000 after acquiring an additional 3,250 shares during the period. Renaissance Technologies LLC lifted its position in shares of USCB Financial by 17.6% during the fourth quarter. Renaissance Technologies LLC now owns 117,088 shares of the company's stock worth $2,078,000 after acquiring an additional 17,488 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of USCB Financial by 12.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 100,597 shares of the company's stock worth $1,786,000 after acquiring an additional 11,199 shares during the period. 61.34% of the stock is currently owned by 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.

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