USCB Financial (NASDAQ:USCB) Given New $20.00 Price Target at Hovde Group

USCB Financial (NASDAQ:USCB) had its price target boosted by Hovde Group from $19.50 to $20.00 in a research report released on Monday, Marketbeat reports. Hovde Group currently has a market perform rating on the stock.

A number of other equities analysts have also commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of USCB Financial in a research report on Monday, December 29th. Wall Street Zen lowered shares of USCB Financial from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Zacks Research upgraded shares of USCB Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.67.

USCB Financial Price Performance

USCB stock opened at $18.99 on Monday. The firm has a 50 day moving average of $19.02 and a 200-day moving average of $18.66. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.91. USCB Financial has a 12 month low of $15.56 and a 12 month high of $20.78. The firm has a market capitalization of $346.70 million, a P/E ratio of 13.28 and a beta of 0.60.

USCB Financial (NASDAQ:USCB) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). USCB Financial had a net margin of 17.04% and a return on equity of 15.44%. The firm had revenue of $26.18 million during the quarter, compared to the consensus estimate of $25.95 million. As a group, sell-side analysts predict that USCB Financial will post 2.02 earnings per share for the current fiscal year.

USCB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Friday, May 15th. USCB Financial’s dividend payout ratio (DPR) is currently 34.97%.

Insider Buying and Selling

In related news, EVP Andres Collazo sold 8,000 shares of the firm’s stock in a transaction that occurred on Saturday, March 7th. The shares were sold at an average price of $18.27, for a total value of $146,160.00. Following the sale, the executive vice president directly owned 32,950 shares of the company’s stock, valued at $601,996.50. This trade represents a 19.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO La Aguilera Luis De sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $18.02, for a total transaction of $180,200.00. Following the completion of the sale, the chief executive officer directly owned 245,893 shares in the company, valued at $4,430,991.86. This represents a 3.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 49.50% of the company’s stock.

Institutional Investors Weigh In On USCB Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC raised its stake in USCB Financial by 60.1% in the fourth quarter. NewEdge Advisors LLC now owns 1,700 shares of the company’s stock valued at $31,000 after purchasing an additional 638 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of USCB Financial by 66.2% during the third quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company’s stock worth $39,000 after acquiring an additional 883 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of USCB Financial by 16.7% during the first quarter. SG Americas Securities LLC now owns 6,363 shares of the company’s stock worth $118,000 after acquiring an additional 910 shares in the last quarter. TD Asset Management Inc raised its stake in shares of USCB Financial by 4.2% during the fourth quarter. TD Asset Management Inc now owns 44,696 shares of the company’s stock worth $823,000 after acquiring an additional 1,810 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of USCB Financial by 100.3% during the third quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company’s stock worth $65,000 after acquiring an additional 1,854 shares in the last quarter. 61.34% of the stock is owned by hedge funds and other institutional investors.

About USCB Financial

USCB Financial (NASDAQ: USCB) is a bank holding company headquartered in Columbia, South Carolina, serving as the parent company of United Security Bank. Established to support community banking in the Midlands region, the company focuses on relationship-driven financial services tailored to both individuals and businesses. As a regional player, USCB Financial emphasizes personalized service through a network of full-service branch offices.

The company’s core business activities include commercial and consumer lending, deposit products and alternative delivery channels.