USCB Financial (NASDAQ:USCB) Raised to Strong-Buy at Raymond James

Raymond James upgraded shares of USCB Financial (NASDAQ:USCB) from a moderate buy rating to a strong-buy rating in a report published on Friday morning, Zacks.com reports.

Several other equities analysts have also recently issued reports on the company. Hovde Group assumed coverage on USCB Financial in a research report on Monday, August 12th. They set a “market perform” rating and a $16.00 target price on the stock. Keefe, Bruyette & Woods increased their price objective on USCB Financial from $14.00 to $16.50 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Piper Sandler upgraded shares of USCB Financial from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $17.00 to $20.00 in a research report on Monday.

USCB Financial Stock Performance

Shares of USCB opened at $15.53 on Friday. USCB Financial has a 1 year low of $10.25 and a 1 year high of $16.82. The stock has a market capitalization of $304.70 million, a P/E ratio of 15.08 and a beta of 0.40. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.93 and a current ratio of 0.93. The company’s fifty day moving average is $14.78 and its two-hundred day moving average is $13.60.

USCB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Friday, November 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.20 annualized dividend and a dividend yield of 1.29%. USCB Financial’s dividend payout ratio is presently 19.42%.

Insider Activity at USCB Financial

In other USCB Financial news, Director Ramon A. Rodriguez purchased 6,000 shares of USCB Financial stock in a transaction on Monday, September 16th. The shares were bought at an average price of $14.61 per share, with a total value of $87,660.00. Following the completion of the acquisition, the director now directly owns 12,000 shares of the company’s stock, valued at approximately $175,320. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 48.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On USCB Financial

Large investors have recently bought and sold shares of the stock. Endeavour Capital Advisors Inc. lifted its position in shares of USCB Financial by 0.5% in the second quarter. Endeavour Capital Advisors Inc. now owns 1,378,028 shares of the company’s stock valued at $17,680,000 after acquiring an additional 6,747 shares in the last quarter. Mendon Capital Advisors Corp lifted its holdings in USCB Financial by 611.6% in the 2nd quarter. Mendon Capital Advisors Corp now owns 610,136 shares of the company’s stock valued at $7,828,000 after purchasing an additional 524,398 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of USCB Financial by 15.4% during the 1st quarter. Vanguard Group Inc. now owns 436,923 shares of the company’s stock worth $4,981,000 after purchasing an additional 58,365 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of USCB Financial by 23.2% during the second quarter. Dimensional Fund Advisors LP now owns 66,649 shares of the company’s stock worth $854,000 after buying an additional 12,542 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of USCB Financial by 88.6% during the second quarter. Renaissance Technologies LLC now owns 66,401 shares of the company’s stock valued at $852,000 after buying an additional 31,190 shares during the period. Institutional investors and hedge funds own 61.34% of the company’s stock.

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.