USCB Financial (NASDAQ:USCB) Price Target Lowered to $21.00 at Keefe, Bruyette & Woods

USCB Financial (NASDAQ:USCB) had its price objective lowered by research analysts at Keefe, Bruyette & Woods from $23.00 to $21.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 20.62% from the company’s previous close.

Separately, Raymond James downgraded shares of USCB Financial from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 2nd.

USCB Financial Stock Performance

USCB Financial stock opened at $17.41 on Monday. USCB Financial has a 1-year low of $10.85 and a 1-year high of $21.86. The company’s 50-day moving average is $17.96 and its 200 day moving average is $18.12. The firm has a market capitalization of $349.12 million, a P/E ratio of 14.15 and a beta of 0.65. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.91 and a quick ratio of 0.91.

USCB Financial (NASDAQ:USCB) last released its earnings results on Thursday, April 24th. The company reported $0.38 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.38. USCB Financial had a return on equity of 12.14% and a net margin of 17.14%. The business had revenue of $22.83 million for the quarter, compared to analyst estimates of $22.94 million. Research analysts forecast that USCB Financial will post 1.58 EPS for the current year.

Institutional Investors Weigh In On USCB Financial

Several hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets bought a new position in USCB Financial in the fourth quarter worth approximately $36,000. Wells Fargo & Company MN raised its position in shares of USCB Financial by 32.8% in the 4th quarter. Wells Fargo & Company MN now owns 5,799 shares of the company’s stock worth $103,000 after acquiring an additional 1,431 shares in the last quarter. Stifel Financial Corp purchased a new stake in shares of USCB Financial during the 3rd quarter worth $244,000. JPMorgan Chase & Co. boosted its position in USCB Financial by 228.4% during the third quarter. JPMorgan Chase & Co. now owns 19,686 shares of the company’s stock valued at $300,000 after purchasing an additional 13,692 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in USCB Financial in the fourth quarter valued at about $332,000. Hedge funds and other institutional investors own 61.34% of the company’s stock.

USCB Financial Company Profile

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.