USCB Financial (NASDAQ:USCB) Upgraded at Piper Sandler

USCB Financial (NASDAQ:USCB) was upgraded by Piper Sandler from a “neutral” rating to an “overweight” rating in a report released on Monday, Marketbeat Ratings reports. The brokerage currently has a $20.00 price objective on the stock, up from their prior price objective of $17.00. Piper Sandler’s target price would indicate a potential upside of 23.15% from the company’s previous close.

A number of other research firms have also recently commented on USCB. Hovde Group assumed coverage on USCB Financial in a report on Monday, August 12th. They issued a “market perform” rating and a $16.00 price objective on the stock. Keefe, Bruyette & Woods upped their target price on shares of USCB Financial from $14.00 to $16.50 and gave the company an “outperform” rating in a research report on Monday, July 29th.

USCB Financial Trading Up 4.6 %

Shares of USCB stock opened at $16.24 on Monday. USCB Financial has a twelve month low of $10.25 and a twelve month high of $16.82. The stock has a market cap of $318.63 million, a price-to-earnings ratio of 15.77 and a beta of 0.40. The company’s 50-day moving average price is $14.78 and its 200-day moving average price is $13.60. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.81.

Insider Transactions at USCB Financial

In related news, Director Ramon A. Rodriguez bought 6,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average cost of $14.61 per share, with a total value of $87,660.00. Following the purchase, the director now directly owns 12,000 shares of the company’s stock, valued at $175,320. This trade represents a 100.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 48.50% of the company’s stock.

Institutional Investors Weigh In On USCB Financial

A number of hedge funds and other institutional investors have recently modified their holdings of USCB. LSV Asset Management acquired a new stake in USCB Financial in the second quarter valued at $131,000. Hsbc Holdings PLC purchased a new stake in USCB Financial during the second quarter worth approximately $134,000. Bank of New York Mellon Corp boosted its holdings in USCB Financial by 2.4% in 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 in the last quarter. Salzhauer Michael increased its stake in USCB Financial by 76.4% in the second quarter. Salzhauer Michael now owns 31,000 shares of the company’s stock valued at $398,000 after purchasing an additional 13,428 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in USCB Financial during the first quarter worth approximately $358,000. 61.34% of the stock is currently owned by institutional investors and hedge funds.

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.