USCB Financial (NASDAQ:USCB) Upgraded at Piper Sandler

Piper Sandler upgraded shares of USCB Financial (NASDAQ:USCB) from a neutral rating to an overweight rating in a research note issued to investors on Monday morning, MarketBeat Ratings reports. They currently have $20.00 target price on the stock, up from their prior target price of $17.00.

A number of other analysts have also recently weighed in on the company. Keefe, Bruyette & Woods boosted their price target on USCB Financial from $14.00 to $16.50 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Hovde Group started coverage on USCB Financial in a research report on Monday, August 12th. They set a “market perform” rating and a $16.00 target price for the company.

USCB Financial Stock Down 2.4 %

USCB Financial stock opened at $18.89 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.81. USCB Financial has a 1-year low of $10.25 and a 1-year high of $19.68. The firm’s fifty day simple moving average is $14.90 and its 200-day simple moving average is $13.68. The company has a market capitalization of $370.62 million, a P/E ratio of 18.34 and a beta of 0.40.

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 dividend of $0.05 per share. The ex-dividend date is Friday, November 15th. This represents a $0.20 annualized dividend and a dividend yield of 1.06%. USCB Financial’s dividend payout ratio is presently 19.42%.

Insider Activity at USCB Financial

In related news, Director Ramon A. Rodriguez bought 6,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average cost of $14.61 per share, for a total transaction of $87,660.00. Following the purchase, the director now directly owns 12,000 shares in the company, valued at $175,320. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 48.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in USCB. Vanguard Group Inc. raised its stake in shares of USCB Financial by 15.4% in the 1st quarter. Vanguard Group Inc. now owns 436,923 shares of the company’s stock valued at $4,981,000 after buying an additional 58,365 shares in the last quarter. Mendon Capital Advisors Corp increased its stake in USCB Financial by 611.6% in the second quarter. Mendon Capital Advisors Corp now owns 610,136 shares of the company’s stock valued at $7,828,000 after acquiring an additional 524,398 shares during the period. Dimensional Fund Advisors LP raised its position in USCB Financial by 23.2% in the second quarter. Dimensional Fund Advisors LP now owns 66,649 shares of the company’s stock worth $854,000 after purchasing an additional 12,542 shares in the last quarter. Endeavour Capital Advisors Inc. lifted its stake in USCB Financial by 0.5% during the second quarter. Endeavour Capital Advisors Inc. now owns 1,378,028 shares of the company’s stock worth $17,680,000 after purchasing an additional 6,747 shares during the period. Finally, LSV Asset Management acquired a new stake in USCB Financial during the second quarter valued at approximately $131,000. 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.