USCB Financial rises after Piper Sandler upgrades to 'overweight'

Uscb Financial Holdings

04/11/2024 16:12

** Shares of community bank USCB Financial  USCB.O  rise as
much as 3.3%, last up 2.7% at $15.40
    ** Piper Sandler upgrades USCB to "overweight" from
"neutral"; raises PT to $20 from $17, a 33.3% upside to stock's
last close
    ** Brokerage says it expects the bank to continue to benefit
from its strong Florida markets and clear momentum within its
customer base
    ** Bank's shift towards non-real estate loans can likely
position USCB for sustained profitability - Piper Sandler
    ** Brokerage says USCB is currently the best small-cap
opportunity in its coverage
    ** Three of five brokerages rate the stock "buy" or higher
and two "hold"; median PT is $18 - LSEG data
    ** As of last close, USCB shares up 22.4% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com))