Ramon Abadin Sells 9,000 Shares of USCB Financial (NASDAQ:USCB) Stock

USCB Financial Holdings, Inc. (NASDAQ:USCB) Director Ramon Abadin sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $18.21, for a total value of $163,890.00. Following the completion of the sale, the director directly owned 24,561 shares in the company, valued at approximately $447,255.81. The trade was a 26.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Ramon Abadin also recently made the following trade(s):

• On Wednesday, May 13th, Ramon Abadin sold 6,552 shares of USCB Financial stock. The shares were sold at an average price of $18.03, for a total value of $118,132.56.

USCB Financial Price Performance

USCB stock opened at $17.95 on Friday. USCB Financial Holdings, Inc. has a 1 year low of $15.56 and a 1 year high of $20.78. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.93 and a current ratio of 0.91. The stock’s 50 day moving average price is $18.77 and its 200 day moving average price is $18.76. The firm has a market cap of $327.77 million, a P/E ratio of 12.55 and a beta of 0.53.

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

USCB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors 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 dividend on an annualized basis and a yield of 2.8%. USCB Financial’s dividend payout ratio is presently 34.97%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. NewEdge Advisors LLC lifted its stake in shares of USCB Financial by 60.1% during the 4th quarter. NewEdge Advisors LLC now owns 1,700 shares of the company’s stock worth $31,000 after purchasing an additional 638 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of USCB Financial by 66.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company’s stock worth $39,000 after purchasing an additional 883 shares during the period. PNC Financial Services Group Inc. purchased a new position in shares of USCB Financial during the 1st quarter worth $41,000. BNP Paribas Financial Markets lifted 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 lifted its stake 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 worth $70,000 after purchasing an additional 4,017 shares during the period. Hedge funds and other institutional investors own 61.34% of the company’s stock.

Analyst Upgrades and Downgrades

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

USCB Financial Company Profile

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.