Insider Buying: USCB Financial Holdings, Inc. (NASDAQ:USCB) CFO Purchases 19,289 Shares of Stock

USCB Financial Holdings, Inc. (NASDAQ:USCB) CFO Robert B. Anderson bought 19,289 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were bought at an average price of $11.14 per share, with a total value of $214,879.46. Following the completion of the transaction, the chief financial officer now owns 67,421 shares of the company’s stock, valued at $751,069.94. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

USCB Financial Price Performance

Shares of NASDAQ:USCB opened at $11.74 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.95. The stock has a market cap of $230.69 million, a PE ratio of 15.25 and a beta of 0.35. The company’s fifty day moving average is $11.00 and its 200 day moving average is $11.42. USCB Financial Holdings, Inc. has a 52 week low of $8.56 and a 52 week high of $12.97.

USCB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Tuesday, May 14th. USCB Financial’s dividend payout ratio (DPR) is presently 25.97%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on USCB shares. Raymond James raised their price objective on shares of USCB Financial from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Keefe, Bruyette & Woods lifted their price target on USCB Financial from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th.

Institutional Investors Weigh In On USCB Financial

Institutional investors have recently bought and sold shares of the stock. LWM Advisory Services LLC bought a new stake in USCB Financial in the third quarter valued at approximately $38,000. Kennedy Capital Management LLC raised its holdings in USCB Financial by 7.9% during the 3rd quarter. Kennedy Capital Management LLC now owns 71,717 shares of the company’s stock valued at $754,000 after buying an additional 5,243 shares during the last quarter. Salzhauer Michael purchased a new stake in USCB Financial during the 1st quarter valued at $200,000. Pacific Ridge Capital Partners LLC grew its holdings 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 worth $4,468,000 after acquiring an additional 22,229 shares during the last quarter. Finally, Basswood Capital Management L.L.C. purchased a new position in shares of USCB Financial in the fourth quarter valued at about $3,016,000. 61.34% of the stock is currently owned by hedge funds and other institutional investors.

USCB Financial Company Profile

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.