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USCB Financial (USCB) Soars 5.5%: Is Further Upside Left in the Stock?
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USCB Financial Holdings, Inc. (USCB - Free Report) shares soared 5.5% in the last trading session to close at $19.33. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.5% loss over the past four weeks.
Shares of USCB Financial Holdings rallied in the second consecutive trading session. With the Federal Reserve keeping the interest rates steady, the company’s net interest income and margin are likely to improve. Hence, this cheered the investors, driving USCB stock higher.
This company is expected to post quarterly earnings of $0.38 per share in its upcoming report, which represents a year-over-year change of +65.2%. Revenues are expected to be $23.04 million, up 30.8% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For USCB Financial, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on USCB going forward to see if this recent jump can turn into more strength down the road.
USCB Financial belongs to the Zacks Banks - Southeast industry. Another stock from the same industry, Origin Bancorp (OBK - Free Report) , closed the last trading session 0.5% higher at $35.69. Over the past month, OBK has returned -10.3%.
For Origin Bancorp, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.68. This represents a change of -6.9% from what the company reported a year ago. Origin Bancorp currently has a Zacks Rank of #1 (Strong Buy).
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USCB Financial (USCB) Soars 5.5%: Is Further Upside Left in the Stock?
USCB Financial Holdings, Inc. (USCB - Free Report) shares soared 5.5% in the last trading session to close at $19.33. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.5% loss over the past four weeks.
Shares of USCB Financial Holdings rallied in the second consecutive trading session. With the Federal Reserve keeping the interest rates steady, the company’s net interest income and margin are likely to improve. Hence, this cheered the investors, driving USCB stock higher.
This company is expected to post quarterly earnings of $0.38 per share in its upcoming report, which represents a year-over-year change of +65.2%. Revenues are expected to be $23.04 million, up 30.8% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For USCB Financial, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on USCB going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
USCB Financial belongs to the Zacks Banks - Southeast industry. Another stock from the same industry, Origin Bancorp (OBK - Free Report) , closed the last trading session 0.5% higher at $35.69. Over the past month, OBK has returned -10.3%.
For Origin Bancorp, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.68. This represents a change of -6.9% from what the company reported a year ago. Origin Bancorp currently has a Zacks Rank of #1 (Strong Buy).