USCB Financial (NASDAQ:USCB - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by equities researchers at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.
Several other equities research analysts also recently commented on USCB. Raymond James Financial raised USCB Financial from an "outperform" rating to a "strong-buy" rating and boosted their target price for the stock from $20.00 to $22.00 in a report on Monday, September 8th. Piper Sandler lifted their target price on shares of USCB Financial from $22.00 to $23.00 and gave the stock an "overweight" rating in a report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $22.00.
View Our Latest Stock Analysis on USCB Financial
USCB Financial Trading Up 0.1%
Shares of USCB traded up $0.01 during trading hours on Wednesday, reaching $17.15. 5,482 shares of the company traded hands, compared to its average volume of 23,280. The company's fifty day moving average price is $17.12 and its two-hundred day moving average price is $17.07. The company has a market capitalization of $344.37 million, a price-to-earnings ratio of 11.66 and a beta of 0.61. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. USCB Financial has a 12 month low of $14.20 and a 12 month high of $21.86.
USCB Financial (NASDAQ:USCB - Get Free Report) last issued 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. The company had revenue of $24.40 million for the quarter, compared to analysts' expectations of $23.72 million. USCB Financial had a return on equity of 13.39% and a net margin of 19.51%. Equities research analysts predict that USCB Financial will post 1.58 earnings per share for the current fiscal year.
Institutional Investors Weigh In On USCB Financial
A number of hedge funds have recently added to or reduced their stakes in USCB. Police & Firemen s Retirement System of New Jersey purchased a new stake in USCB Financial during the 2nd quarter valued at $38,000. Tower Research Capital LLC TRC grew 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 valued at $70,000 after buying an additional 4,017 shares during the period. Deutsche Bank AG bought a new stake in USCB Financial during the first quarter valued at approximately $165,000. First Trust Advisors LP purchased a new position in shares of USCB Financial during the 2nd quarter worth $212,000. Finally, Nuveen LLC purchased a new position in shares of USCB Financial during the 1st quarter worth $289,000. 61.34% of the stock is currently owned by hedge funds and other institutional investors.
About USCB Financial
(
Get Free Report)
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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