USCB Financial (NASDAQ:USCB – Get Rating) had its target price trimmed by Raymond James from $16.00 to $15.00 in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has an outperform rating on the stock.
Separately, Piper Sandler upped their price target on shares of USCB Financial to $15.00 in a report on Tuesday, November 1st.
Get USCB Financial alerts:USCB Financial Stock Up 5.0 %
Shares of NASDAQ:USCB opened at $12.60 on Monday. The company has a fifty day moving average of $12.60 and a 200-day moving average of $13.06. The company has a market capitalization of $252 million, a PE ratio of 12.60 and a beta of 0.53. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 0.82. USCB Financial has a 52-week low of $11.00 and a 52-week high of $14.99.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of USCB. RMB Capital Management LLC acquired a new position in shares of USCB Financial during the second quarter worth $6,786,000. EJF Capital LLC acquired a new stake in USCB Financial in the first quarter valued at $5,782,000. Vanguard Group Inc. increased its holdings in USCB Financial by 107.0% in the first quarter. Vanguard Group Inc. now owns 214,437 shares of the company's stock valued at $3,073,000 after purchasing an additional 110,853 shares during the period. Raymond James & Associates acquired a new stake in USCB Financial in the third quarter valued at $1,211,000. Finally, Northern Trust Corp acquired a new stake in USCB Financial in the second quarter valued at $898,000. 50.76% of the stock is currently owned by institutional investors and hedge funds.About USCB Financial
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USCB Financial Holdings, Inc operates as the bank holding company for U.S. Century Bank that provides various banking products and services to small-to-medium sized businesses. The company accepts checking, savings, money market, and time deposit accounts; and certificates of deposit. Its loan products include residential real estate loans; commercial real estate loans; commercial and industrial loans; foreign banks loans; and secured and unsecured consumer loans comprising personal loans, overdrafts, and deposit account collateralized loans.
Further Reading
- Get a free copy of the StockNews.com research report on USCB Financial (USCB)
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