USCB Financial (NASDAQ:USCB) Upgraded at Raymond James

USCB Financial (NASDAQ:USCB - Get Free Report) was upgraded by stock analysts at Raymond James from a "moderate buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Friday, Zacks.com reports.

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

USCB Financial Price Performance

Shares of NASDAQ USCB traded up $0.71 during midday trading on Friday, hitting $16.24. 65,544 shares of the company's stock were exchanged, compared to its average volume of 24,096. The business's fifty day moving average price is $14.78 and its two-hundred day moving average price is $13.60. The company has a market cap of $318.63 million, a price-to-earnings ratio of 15.77 and a beta of 0.40. 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 12-month low of $10.25 and a 12-month high of $16.82.

Insider Activity

In related news, Director Ramon A. Rodriguez bought 6,000 shares of the stock in a transaction dated Monday, September 16th. The stock was bought at an average price of $14.61 per share, with a total value of $87,660.00. Following the purchase, the director now owns 12,000 shares in the company, valued at approximately $175,320. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 48.50% of the company's stock.

Institutional Trading of USCB Financial

Several large investors have recently bought and sold shares of the company. LSV Asset Management bought a new stake in shares of USCB Financial in the 2nd quarter worth approximately $131,000. Hsbc Holdings PLC bought a new position in shares of USCB Financial during the second quarter valued at $134,000. Jacobs Levy Equity Management Inc. bought a new position in shares of USCB Financial in the first quarter worth approximately $358,000. Bank of New York Mellon Corp increased its position in shares of 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 acquiring an additional 690 shares in the last quarter. Finally, Salzhauer Michael raised its holdings in USCB Financial by 76.4% in the 2nd quarter. Salzhauer Michael now owns 31,000 shares of the company's stock worth $398,000 after acquiring an additional 13,428 shares during the last quarter. 61.34% of the stock is owned by institutional investors.

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.