USCB Financial price target lowered to $22 from $23 at Raymond James

Raymond James analyst Michael Rose lowered the firm’s price target on USCB Financial (USCB) to $22 from $23 and keeps a Strong Buy rating on the shares. Quarterly results were in line with consensus on core EPS and PPNR but below internal expectations due to higher-than-expected expense growth, a softer net interest margin/net interest income outlook, and a higher tax rate, though continued investment in talent and branches is expected to support sustained double-digit loan and deposit growth with strong credit quality, improving efficiency, and above-peer profitability, the analyst tells investors in a research note.