USCB Financial (NASDAQ:USCB) Earns Market Perform Rating from Analysts at Hovde Group

Hovde Group started coverage on shares of USCB Financial (NASDAQ:USCB) in a research note released on Monday morning, MarketBeat.com reports. The brokerage issued a market perform rating and a $16.00 target price on the stock.

Separately, Keefe, Bruyette & Woods upped their target price on shares of USCB Financial from $14.00 to $16.50 and gave the stock an outperform rating in a report on Monday, July 29th.

USCB Financial Stock Performance

NASDAQ USCB opened at $14.80 on Monday. USCB Financial has a twelve month low of $10.04 and a twelve month high of $16.82. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.83. The stock has a market cap of $290.82 million, a P/E ratio of 19.22 and a beta of 0.41. The company’s 50-day simple moving average is $13.56 and its 200 day simple moving average is $12.15.

USCB Financial (NASDAQ:USCB) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.07. USCB Financial had a return on equity of 9.49% and a net margin of 13.67%. The company had revenue of $35.83 million for the quarter, compared to analyst estimates of $18.56 million. During the same period in the prior year, the company posted $0.21 EPS. As a group, research analysts forecast that USCB Financial will post 1.19 earnings per share for the current fiscal year.

USCB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Thursday, August 15th. USCB Financial’s dividend payout ratio is currently 25.97%.

Insider Activity at USCB Financial

In other USCB Financial news, CFO Robert B. Anderson purchased 7,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was acquired at an average cost of $12.12 per share, with a total value of $84,840.00. Following the completion of the purchase, the chief financial officer now directly owns 86,933 shares in the company, valued at approximately $1,053,627.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 48.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On USCB Financial

Several institutional investors have recently modified their holdings of the stock. LSV Asset Management acquired a new position in USCB Financial during the second quarter valued at approximately $131,000. Hsbc Holdings PLC acquired a new position in shares of USCB Financial in the 2nd quarter valued at $134,000. Salzhauer Michael bought a new stake in shares of USCB Financial in the 1st quarter valued at $200,000. Jacobs Levy Equity Management Inc. acquired a new stake in USCB Financial during the 1st quarter worth $358,000. Finally, Bank of New York Mellon Corp lifted its holdings in USCB Financial by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 29,990 shares of the company’s stock worth $385,000 after acquiring an additional 690 shares in the last quarter. 61.34% of the stock is currently owned by institutional investors and hedge funds.

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.