USCB Financial (NASDAQ:USCB) Downgraded by Raymond James to Market Perform

Raymond James downgraded shares of USCB Financial (NASDAQ:USCB) from an outperform rating to a market perform rating in a research report report published on Wednesday, MarketBeat reports.

USCB Financial Stock Performance

Shares of NASDAQ USCB opened at $18.46 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.91 and a quick ratio of 0.91. USCB Financial has a 1 year low of $10.25 and a 1 year high of $21.86. The firm has a fifty day moving average price of $18.89 and a 200-day moving average price of $17.83. The stock has a market cap of $370.18 million, a PE ratio of 15.01 and a beta of 0.64.

USCB Financial (NASDAQ:USCB) last announced its quarterly earnings data on Thursday, January 23rd. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). USCB Financial had a net margin of 17.14% and a return on equity of 12.14%. Equities analysts anticipate that USCB Financial will post 1.58 earnings per share for the current fiscal year.

USCB Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Friday, February 14th were given a dividend of $0.10 per share. The ex-dividend date was Friday, February 14th. This represents a $0.40 annualized dividend and a dividend yield of 2.17%. This is a boost from USCB Financial’s previous quarterly dividend of $0.05. USCB Financial’s dividend payout ratio (DPR) is presently 32.52%.

Hedge Funds Weigh In On USCB Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC increased its holdings in USCB Financial by 59.1% in the 4th quarter. Millennium Management LLC now owns 62,133 shares of the company’s stock valued at $1,103,000 after acquiring an additional 23,072 shares during the last quarter. Bank of America Corp DE boosted its stake in USCB Financial by 25.9% during the fourth quarter. Bank of America Corp DE now owns 25,552 shares of the company’s stock valued at $454,000 after buying an additional 5,252 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in USCB Financial during the 4th quarter valued at approximately $36,000. Mendon Capital Advisors Corp increased its stake in USCB Financial by 7.4% in the 4th quarter. Mendon Capital Advisors Corp now owns 674,811 shares of the company’s stock worth $11,978,000 after acquiring an additional 46,206 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of USCB Financial by 8.1% during the 4th quarter. Hsbc Holdings PLC now owns 21,553 shares of the company’s stock valued at $382,000 after acquiring an additional 1,613 shares during the last quarter. 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.