USCB Financial's (USCB) "Buy (B-)" Rating Reiterated at Weiss Ratings

Key Points

• USCB Financial's stock has been reiterated with a strong "Buy (B-)" rating by Weiss Ratings in a recent research report.
• Piper Sandler and Raymond James have both increased their price targets for USCB Financial, now set at $23.00 and $22.00 respectively, reflecting positive market sentiment.
• The company's most recent earnings report showed a net margin of 20.23% and earnings per share of $0.26, suggesting strong financial performance.

USCB Financial (NASDAQ:USCB - Get Free Report)'s stock had its "buy (b-)" rating restated by analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

USCB has been the topic of a number of other research reports. Piper Sandler lifted their price target on USCB Financial from $22.00 to $23.00 and gave the company an "overweight" rating in a report on Monday, September 8th. Raymond James Financial upgraded shares of USCB Financial from an "outperform" rating to a "strong-buy" rating and upped their price target for the company from $20.00 to $22.00 in a research report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $22.00.

USCB Financial Stock Performance

Shares of USCB traded up $0.32 during mid-day trading on Friday, reaching $17.29. 25,236 shares of the company's stock traded hands, compared to its average volume of 21,078. The business's 50-day moving average price is $17.22 and its 200-day moving average price is $16.98. The stock has a market capitalization of $347.18 million, a P/E ratio of 10.81 and a beta of 0.61. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. USCB Financial has a 12 month low of $14.50 and a 12 month high of $21.86.

USCB Financial (NASDAQ:USCB - Get Free Report) last released its quarterly earnings results on Monday, August 7th. The company reported $0.26 earnings per share for the quarter. The company had revenue of $17.26 million for the quarter. USCB Financial had a return on equity of 14.12% and a net margin of 20.23%. Equities analysts predict that USCB Financial will post 1.58 earnings per share for the current year.

Hedge Funds Weigh In On USCB Financial

A number of hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its holdings in shares of 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 in the last quarter. Salzhauer Michael grew its stake in USCB Financial by 8.4% in the second quarter. Salzhauer Michael now owns 31,729 shares of the company's stock valued at $525,000 after purchasing an additional 2,460 shares in the last quarter. Bank of America Corp DE increased its position in USCB Financial by 34.9% in the 2nd quarter. Bank of America Corp DE now owns 33,138 shares of the company's stock worth $548,000 after purchasing an additional 8,581 shares during the last quarter. Mendon Capital Advisors Corp raised its stake in shares of USCB Financial by 3.1% during the 2nd 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 in the last quarter. Finally, Alliancebernstein L.P. raised 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 worth $16,095,000 after purchasing an additional 79,983 shares in the last quarter. 61.34% of the stock is owned by institutional investors and hedge funds.

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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