Wall Street brokerages expect USCB Financial Holdings, Inc. (NASDAQ: USCB – Get a rating) will post sales of $17.43 million for the current quarter, according to Zacks. Two analysts made earnings estimates for USCB Financial. The lowest sales estimate is $17.00 million and the highest is $17.86 million. USCB Financial reported sales of $13.99 million in the same quarter last year, indicating a positive year-over-year growth rate of 24.6%. The company is expected to release its next quarterly results on Monday, January 1.
According to Zacks, analysts expect USCB Financial to report revenue of $71.11 million for the current fiscal year, with estimates ranging from $69.20 to $73.01 million. . For the next fiscal year, analysts expect the company to report sales of $80.01 million, with estimates ranging from $76.00 to $84.02 million. Zacks’ sales calculations are an average average based on a survey of sell-side research firms that cover USCB Financial.
Separately, Zacks Investment Research upgraded USCB Financial from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Friday, April 1.
Several hedge funds have recently changed their stock holdings. Royal Bank of Canada acquired a new stake in USCB Financial during the first quarter at a value of $28,000. Citigroup Inc. increased its stake in USCB Financial by 144.5% during the first quarter. Citigroup Inc. now owns 4,732 shares of the company worth $68,000 after buying 2,797 additional shares in the last quarter. JPMorgan Chase & Co. increased its stake in USCB Financial by 135.9% during the first quarter. JPMorgan Chase & Co. now owns 4,805 shares of the company worth $69,000 after buying 2,768 additional shares in the last quarter. First Manhattan Co. purchased a new stake in USCB Financial during the third quarter for $187,000. Finally, Teton Advisors Inc. acquired a new stake in USCB Financial during the third quarter at a value of $244,000. Institutional investors and hedge funds hold 72.85% of the company’s shares.
USCB Financial Action opened at $13.06 on Friday. USCB Financial has a 12-month low of $10.53 and a 12-month high of $18.75. The stock’s 50-day moving average is $13.72 and its 200-day moving average is $14.09. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt ratio of 0.19. The company has a market cap of $261.21 million and a price-earnings ratio of -3.32.
USCB Financial Company Profile (Get a rating)
USCB Financial Holdings, Inc operates as a banking holding company for US Century Bank which provides various banking products and services to small and medium businesses. The company accepts checking, savings, money market and term deposit accounts; and certificates of deposit. Its lending products include residential real estate loans; commercial real estate loans; commercial and industrial loans; loans from foreign banks; and secured and unsecured consumer loans including personal loans, overdrafts and loans secured by deposit accounts.
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