4 days Ago By Defense World Staff
USCB Financial (NASDAQ:USCB – Free Report) had its target price cut by Keefe, Bruyette & Woods from $23.00 to $21.00 in a research note issued to investors on Monday,Benzinga reports.
They currently have an outperform rating on the stock.Separately, Raymond James cut shares of USCB Financial from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd.View Our Latest Research Report on USCBUSCB Financial Price PerformanceNASDAQ USCB opened at $16.
72 on Monday. The stock has a market capitalization of $335.29 million, a P/E ratio of 13.
59 and a beta of 0.65. USCB Financial has a 1 year low of $10.
70 and a 1 year high of $21.86. The business’s fifty day moving average is $18.
00 and its two-hundred day moving average is $18.13. 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 – Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.
38. USCB Financial had a net margin of 17.14% and a return on equity of 12.
14%. The firm had revenue of $22.83 million for the quarter, compared to analysts’ expectations of $22.
94 million. On average, research analysts forecast that USCB Financial will post 1.58 earnings per share for the current fiscal year.
USCB Financial Announces DividendThe company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.10 per share.
This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.39%.
The ex-dividend date of this dividend is Thursday, May 15th. USCB Financial’s dividend payout ratio (DPR) is presently 28.99%.
Institutional Investors Weigh In On USCB FinancialA number of hedge funds and other institutional investors have recently made changes to their positions in USCB. BNP Paribas Financial Markets purchased a new stake in shares of USCB Financial during the 4th quarter worth about $36,000. Wells Fargo & Company MN raised its stake in shares of USCB Financial by 32.
8% in the 4th quarter. Wells Fargo & Company MN now owns 5,799 shares of the company’s stock valued at $103,000 after acquiring an additional 1,431 shares in the last quarter. Stifel Financial Corp bought a new position in shares of USCB Financial in the 3rd quarter valued at approximately $244,000.
JPMorgan Chase & Co. raised its stake in shares of USCB Financial by 228.4% in the 3rd quarter.
JPMorgan Chase & Co. now owns 19,686 shares of the company’s stock valued at $300,000 after acquiring an additional 13,692 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of USCB Financial in the 4th quarter valued at approximately $332,000.
61.34% of the stock is owned by hedge funds and other institutional investors. About USCB Financial (Get Free Report)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.
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