USCB Financial (NASDAQ:USCB) Raised to "Overweight" at Piper Sandler

USCB Financial (NASDAQ:USCB - Get Free Report) was upgraded by stock analysts at Piper Sandler from a "neutral" rating to an "overweight" rating in a report issued on Monday, MarketBeat.com reports. The firm presently has a $20.00 target price on the stock, up from their prior target price of $17.00. Piper Sandler's target price indicates a potential upside of 28.78% from the stock's current price.

Other equities analysts have also recently issued research reports about the stock. Hovde Group started coverage on shares of USCB Financial in a research note on Monday, August 12th. They set a "market perform" rating and a $16.00 target price on the stock. Keefe, Bruyette & Woods lifted their price target on shares of USCB Financial from $14.00 to $16.50 and gave the stock an "outperform" rating in a research report on Monday, July 29th.

USCB Financial Stock Performance

Shares of USCB Financial stock traded up $0.53 on Monday, reaching $15.53. 92,793 shares of the company were exchanged, compared to its average volume of 23,902. USCB Financial has a 1-year low of $10.25 and a 1-year high of $16.82. The firm has a market cap of $304.71 million, a price-to-earnings ratio of 14.56 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 50-day moving average is $14.77 and its two-hundred day moving average is $13.54.

Insider Buying and Selling at USCB Financial

In other USCB Financial news, Director Ramon A. Rodriguez purchased 6,000 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average price of $14.61 per share, with a total value of $87,660.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 48.50% of the company's stock.

Institutional Investors Weigh In On USCB Financial

Several hedge funds and other institutional investors have recently made changes to their positions in USCB. Vanguard Group Inc. grew its holdings in 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 acquiring an additional 58,365 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in USCB Financial in the first quarter valued at about $358,000. Bank of New York Mellon Corp grew 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 valued at $385,000 after purchasing an additional 690 shares during the period. LSV Asset Management bought a new stake in USCB Financial in the second quarter valued at approximately $131,000. Finally, Dimensional Fund Advisors LP boosted its position 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 purchasing an additional 12,542 shares in the last quarter. 61.34% of the stock is owned by institutional investors and hedge funds.

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.