USCB Financial (NASDAQ:USCB) Director Sells $118,132.56 in Stock

USCB Financial Holdings, Inc. (NASDAQ:USCB) Director Ramon Abadin sold 6,552 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $18.03, for a total value of $118,132.56. Following the sale, the director owned 24,561 shares in the company, valued at approximately $442,834.83. This trade represents a 21.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

USCB Financial Trading Up 0.4%

Shares of NASDAQ USCB traded up $0.08 during trading hours on Thursday, hitting $18.28. 4,094 shares of the company traded hands, compared to its average volume of 53,008. The company’s 50 day moving average price is $18.82 and its 200 day moving average price is $18.76. USCB Financial Holdings, Inc. has a 12 month low of $15.56 and a 12 month high of $20.78. The stock has a market capitalization of $333.76 million, a price-to-earnings ratio of 12.74 and a beta of 0.53. The company has a current ratio of 0.91, a quick ratio of 0.93 and a debt-to-equity ratio of 0.41.

USCB Financial (NASDAQ:USCB) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The firm had revenue of $26.18 million for the quarter, compared to the consensus estimate of $25.95 million. USCB Financial had a net margin of 17.04% and a return on equity of 15.37%. On average, equities research analysts anticipate that USCB Financial Holdings, Inc. will post 2.02 earnings per share for the current fiscal year.

USCB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.50 annualized dividend and a yield of 2.7%. USCB Financial’s dividend payout ratio (DPR) is presently 34.97%.

Hedge Funds Weigh In On USCB Financial

Hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC boosted its holdings in USCB Financial by 60.1% in the fourth quarter. NewEdge Advisors LLC now owns 1,700 shares of the company’s stock valued at $31,000 after purchasing an additional 638 shares during the last quarter. PNC Financial Services Group Inc. purchased a new position in USCB Financial during the first quarter valued at approximately $41,000. Russell Investments Group Ltd. lifted its holdings in USCB Financial by 66.2% in the third quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company’s stock valued at $39,000 after acquiring an additional 883 shares during the period. BNP Paribas Financial Markets grew its stake in shares of USCB Financial by 100.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company’s stock worth $65,000 after purchasing an additional 1,854 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of USCB Financial by 2,081.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,210 shares of the company’s stock valued at $70,000 after purchasing an additional 4,017 shares in the last quarter. Institutional investors and hedge funds own 61.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Zacks Research upgraded USCB Financial from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Piper Sandler raised their price objective on USCB Financial from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, April 28th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of USCB Financial in a research report on Monday, April 27th. Hovde Group raised their price target on USCB Financial from $19.50 to $20.00 and gave the company a “market perform” rating in a research note on Monday, April 27th. Finally, Wall Street Zen upgraded shares of USCB Financial from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

About USCB Financial

USCB Financial (NASDAQ: USCB) is a bank holding company headquartered in Columbia, South Carolina, serving as the parent company of United Security Bank. Established to support community banking in the Midlands region, the company focuses on relationship-driven financial services tailored to both individuals and businesses. As a regional player, USCB Financial emphasizes personalized service through a network of full-service branch offices.

The company’s core business activities include commercial and consumer lending, deposit products and alternative delivery channels.