USCB Financial (NASDAQ:USCB) Upgraded at Raymond James

USCB Financial (NASDAQ:USCB) was upgraded by Raymond James from a “moderate buy” rating to a “strong-buy” rating in a research report issued on Friday, Zacks.com reports.

Other equities analysts 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 issued a “market perform” rating and a $16.00 price objective for the company. Piper Sandler raised shares of USCB Financial from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $17.00 to $20.00 in a research note on Monday. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of USCB Financial from $14.00 to $16.50 and gave the stock an “outperform” rating in a research note on Monday, July 29th.

USCB Financial Stock Performance

Shares of NASDAQ:USCB opened at $15.53 on Friday. The company has a market capitalization of $304.70 million, a price-to-earnings ratio of 15.08 and a beta of 0.40. USCB Financial has a 52 week low of $10.25 and a 52 week high of $16.82. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.81. The firm has a 50 day moving average of $14.78 and a 200 day moving average of $13.60.

Insider Buying and Selling at USCB Financial

In other USCB Financial news, Director Ramon A. Rodriguez acquired 6,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was bought at an average price of $14.61 per share, for a total transaction of $87,660.00. Following the acquisition, the director now owns 12,000 shares in the company, valued at approximately $175,320. The trade was a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 48.50% of the stock is owned by insiders.

Hedge Funds Weigh In On USCB Financial

Hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its holdings in USCB Financial by 2.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 29,990 shares of the company’s stock worth $385,000 after buying an additional 690 shares in the last quarter. Endeavour Capital Advisors Inc. raised its holdings in shares of USCB Financial by 0.5% in the 2nd quarter. Endeavour Capital Advisors Inc. now owns 1,378,028 shares of the company’s stock valued at $17,680,000 after purchasing an additional 6,747 shares in the last quarter. LSV Asset Management acquired a new stake in shares of USCB Financial in the 2nd quarter valued at $131,000. Hsbc Holdings PLC acquired a new stake in shares of USCB Financial in the 2nd quarter valued at $134,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of USCB Financial by 23.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 66,649 shares of the company’s stock valued at $854,000 after purchasing an additional 12,542 shares in the last quarter. Hedge funds and other institutional investors 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.