USCB Financial (NASDAQ:USCB) Rating Increased to Strong-Buy at Raymond James Financial

Key Points

• Raymond James Financial upgraded USCB Financial's rating from "outperform" to "strong-buy", increasing the target price from $20.00 to $22.00, indicating an upside potential of 26.22%.
• USCB Financial reported earnings of $0.40 per share for the last quarter, surpassing the consensus estimate of $0.38 and achieving a net margin of 19.51%.
• Institutional investors own 61.34% of USCB Financial's stock, with notable increases in positions from Alliancebernstein L.P. and other firms in the second quarter.

USCB Financial (NASDAQ:USCB - Get Free Report) was upgraded by research analysts at Raymond James Financial from an "outperform" rating to a "strong-buy" rating in a report released on Monday,Benzinga reports. The firm presently has a $22.00 target price on the stock, up from their prior target price of $20.00. Raymond James Financial's price target would suggest a potential upside of 26.22% from the stock's previous close.

USCB Financial Stock Down 0.1%

USCB stock opened at $17.43 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $349.99 million, a price-to-earnings ratio of 11.86 and a beta of 0.62. USCB Financial has a fifty-two week low of $13.85 and a fifty-two week high of $21.86. The stock has a fifty day moving average of $17.10 and a 200-day moving average of $17.25.

USCB Financial (NASDAQ:USCB - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. USCB Financial had a return on equity of 13.39% and a net margin of 19.51%.The company had revenue of $24.40 million during the quarter, compared to the consensus estimate of $23.72 million. As a group, equities research analysts predict that USCB Financial will post 1.58 earnings per share for the current year.

Institutional Trading of USCB Financial

Large investors have recently modified their holdings of the business. Alliancebernstein L.P. lifted its position in USCB Financial by 9.0% in the 2nd quarter. Alliancebernstein L.P. now owns 973,088 shares of the company's stock worth $16,095,000 after buying an additional 79,983 shares during the last quarter. Mendon Capital Advisors Corp grew its stake in USCB Financial by 3.1% in the second quarter. Mendon Capital Advisors Corp now owns 691,048 shares of the company's stock worth $11,430,000 after purchasing an additional 20,870 shares during the period. Geode Capital Management LLC boosted its holdings in USCB Financial by 1.7% in the second quarter. Geode Capital Management LLC now owns 248,716 shares of the company's stock worth $4,114,000 after acquiring an additional 4,242 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in 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 in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of USCB Financial by 59.1% during the fourth quarter. Millennium Management LLC now owns 62,133 shares of the company's stock valued at $1,103,000 after purchasing an additional 23,072 shares in the last quarter. Institutional investors own 61.34% of the company's stock.

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.

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