Wall Street analysts expect USCB Financial Holdings, Inc. (NASDAQ:USCB – Get Rating) to report $17.43 million in sales for the current fiscal quarter, Zacks reports. Two analysts released earnings estimates for USCB Financial, with estimates ranging from $17.00 million to $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 earnings report on Monday, January 1.

According to Zacks, analysts expect USCB Financial to report annual sales of $71.11 million for the current year, with estimates ranging from $69.20 million 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 Investment Research sell averages are an average based on a survey of sell-side research analysts who cover USCB Financial.

A number of analysts have recently commented on the company. Zacks Investment Research upgraded USCB Financial from a “hold” rating to a “buy” rating and set a price target of $16.00 on the stock in a Friday, April 1 research note. Piper Sandler downgraded USCB Financial from an “overweight” rating to a “neutral” rating and raised its share price target from $15.00 to $16.00 in a Friday, January 14 report.

USCB opened at $13.59 on Friday. USCB Financial has a one-year low of $10.53 and a one-year high of $18.75. The company has a debt ratio of 0.18, a quick ratio of 0.77 and a current ratio of 0.77. The stock’s fifty-day moving average is $13.92 and its 200-day moving average is $14.09. The company has a market capitalization of $271.81 million and a PE ratio of -3.46.

Hedge funds and other institutional investors have recently changed their stock holdings. First Manhattan Co. acquired a new stock position in USCB Financial in Q3 for $187,000. Teton Advisors Inc. acquired a new stock position in USCB Financial in Q3 worth $244,000. Millennium Management LLC acquired a new stock position in USCB Financial in Q3 for a value of $868,000. Fourthstone LLC purchased a new stake in USCB Financial in Q3 for approximately $2,907,000. Finally, Banc Funds Co. LLC purchased a new stake in USCB Financial stock in the third quarter worth approximately $4,575,000. Institutional investors and hedge funds own 72.85% of the company’s shares.

About USCB Financial (Get a rating)

USCB Financial Holdings, Inc operates as a bank 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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