Keefe, Bruyette & Woods Issues Pessimistic Forecast for USCB Financial (NASDAQ:USCB) Stock Price

USCB Financial (NASDAQ:USCB) had its price objective reduced by research analysts at Keefe, Bruyette & Woods from $23.00 to $21.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 20.62% from the company’s previous close.

Separately, Raymond James lowered shares of USCB Financial from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 2nd.

USCB Financial Stock Up 4.1 %

USCB stock opened at $17.41 on Monday. USCB Financial has a fifty-two week low of $10.85 and a fifty-two week high of $21.86. The company has a market capitalization of $349.12 million, a price-to-earnings ratio of 14.15 and a beta of 0.65. The business’s 50 day moving average price is $17.96 and its two-hundred day moving average price is $18.12. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.91 and a current ratio of 0.91.

USCB Financial (NASDAQ:USCB) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. The company had revenue of $22.83 million for the quarter, compared to analysts’ expectations of $22.94 million. USCB Financial had a return on equity of 12.14% and a net margin of 17.14%. As a group, analysts forecast that USCB Financial will post 1.58 earnings per share for the current fiscal year.

Institutional Trading of USCB Financial

Several institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets bought a new position in shares of USCB Financial during the 4th quarter valued at $36,000. Wells Fargo & Company MN lifted its position in shares of USCB Financial by 32.8% during the 4th quarter. Wells Fargo & Company MN now owns 5,799 shares of the company’s stock valued at $103,000 after buying an additional 1,431 shares in the last quarter. Stifel Financial Corp bought a new position in shares of USCB Financial during the 3rd quarter valued at approximately $244,000. Los Angeles Capital Management LLC purchased a new stake in USCB Financial in the 4th quarter worth approximately $332,000. Finally, JPMorgan Chase & Co. lifted its holdings in USCB Financial by 228.4% during the third quarter. JPMorgan Chase & Co. now owns 19,686 shares of the company’s stock valued at $300,000 after purchasing an additional 13,692 shares in the last quarter. 61.34% of the stock is currently owned by hedge funds and other institutional investors.

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.