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

Weiss Ratings reiterated their buy (b-) rating on shares of USCB Financial (NASDAQ:USCB) in a report issued on Friday,Weiss Ratings reports.

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

USCB Financial Stock Up 1.9%

USCB stock opened at $17.29 on Friday. The company has a market cap of $347.18 million, a PE ratio of 11.01 and a beta of 0.61. The business has a 50-day simple moving average of $17.23 and a 200 day simple moving average of $16.98. USCB Financial has a 52 week low of $14.50 and a 52 week high of $21.86. 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 (NASDAQ:USCB) last posted its quarterly earnings results on Monday, August 7th. The company reported $0.26 EPS for the quarter. USCB Financial had a return on equity of 14.12% and a net margin of 20.23%.The business had revenue of $17.26 million during the quarter. Sell-side analysts anticipate that USCB Financial will post 1.58 EPS for the current fiscal year.

USCB Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, November 14th. USCB Financial’s payout ratio is 27.21%.

Institutional Trading of USCB Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew 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 purchasing an additional 4,017 shares during the last quarter. Salzhauer Michael grew its holdings in shares of USCB Financial by 8.4% during the second quarter. Salzhauer Michael now owns 31,729 shares of the company’s stock worth $525,000 after purchasing an additional 2,460 shares during the last quarter. Bank of America Corp DE boosted its holdings in USCB Financial by 34.9% in the second quarter. Bank of America Corp DE now owns 33,138 shares of the company’s stock valued at $548,000 after acquiring an additional 8,581 shares during the last quarter. Mendon Capital Advisors Corp boosted its holdings in USCB Financial by 3.1% in the second quarter. Mendon Capital Advisors Corp now owns 691,048 shares of the company’s stock valued at $11,430,000 after acquiring an additional 20,870 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in USCB Financial by 9.0% in the second quarter. Alliancebernstein L.P. now owns 973,088 shares of the company’s stock valued at $16,095,000 after acquiring an additional 79,983 shares during the last quarter. 61.34% of the stock is currently owned by 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.