USCB Financial Holdings, Inc. (NASDAQ:USCB) CFO Robert B. Anderson Acquires 19,289 Shares

USCB Financial Holdings, Inc. (NASDAQ:USCB) CFO Robert B. Anderson purchased 19,289 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was purchased at an average price of $11.14 per share, with a total value of $214,879.46. Following the completion of the purchase, the chief financial officer now directly owns 67,421 shares in the company, valued at approximately $751,069.94. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

USCB Financial Trading Up 6.1 %

NASDAQ:USCB traded up $0.68 during trading hours on Wednesday, hitting $11.82. 14,660 shares of the company were exchanged, compared to its average volume of 21,214. The stock has a market capitalization of $232.26 million, a price-to-earnings ratio of 14.47 and a beta of 0.35. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.95. USCB Financial Holdings, Inc. has a one year low of $8.56 and a one year high of $12.97. The company has a fifty day simple moving average of $10.96 and a 200 day simple moving average of $11.41.

USCB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 15th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Tuesday, May 14th. USCB Financial’s dividend payout ratio (DPR) is presently 25.97%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Kennedy Capital Management LLC raised its position in shares of USCB Financial by 7.9% in the 3rd quarter. Kennedy Capital Management LLC now owns 71,717 shares of the company’s stock worth $754,000 after acquiring an additional 5,243 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its position in USCB Financial by 5.5% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 425,085 shares of the company’s stock valued at $4,468,000 after buying an additional 22,229 shares in the last quarter. LWM Advisory Services LLC bought a new stake in USCB Financial in the 3rd quarter valued at about $38,000. Salzhauer Michael bought a new stake in USCB Financial in the 1st quarter valued at about $200,000. Finally, Basswood Capital Management L.L.C. bought a new stake in USCB Financial in the 4th quarter valued at about $3,016,000. 61.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Raymond James increased their price target on USCB Financial from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Keefe, Bruyette & Woods increased their price target on USCB Financial from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th.

About USCB Financial

USCB Financial Holdings, Inc operates as the bank holding company for U.S. Century Bank that engages in the provision of various personal and business banking products and services in the United States. It accepts various deposit products, including commercial and consumer checking, money market deposit, savings, and time deposit accounts, as well as certificates of deposit.