USCB Financial price target raised to $24 from $23 at Piper Sandler

Piper Sandler analyst Stephen Scouten raised the firm’s price target on USCB Financial (USCB) to $24 from $23 and keeps an Overweight rating on the shares. The firm notes the company reported strong results once again this quarter. Total loan and deposit growth were both strong, net interest margin was stable, and credit remains pristine. USCB continues to build out their specialty lending verticals, offering future growth opportunities as they have positioned themselves as one of the more profitable small-cap names in the SE, Piper adds.