Robert B. Anderson Purchases 3,000 Shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) Stock

USCB Financial Holdings, Inc. (NASDAQ:USCB) CFO Robert B. Anderson acquired 3,000 shares of the stock in a transaction on Monday, May 6th. The shares were purchased at an average price of $11.91 per share, with a total value of $35,730.00. Following the completion of the transaction, the chief financial officer now owns 71,408 shares of the company’s stock, valued at $850,469.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

USCB Financial Price Performance

Shares of NASDAQ:USCB opened at $12.14 on Thursday. USCB Financial Holdings, Inc. has a fifty-two week low of $8.88 and a fifty-two week high of $12.97. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.93 and a current ratio of 0.93. The company’s 50-day moving average is $11.09 and its 200 day moving average is $11.46. The company has a market capitalization of $238.55 million, a P/E ratio of 15.77 and a beta of 0.35.

USCB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th will be given a $0.05 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.65%. USCB Financial’s dividend payout ratio (DPR) is presently 25.97%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On USCB Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Salzhauer Michael purchased a new position in shares of USCB Financial during the first quarter worth about $200,000. Mendon Capital Advisors Corp purchased a new stake in shares of USCB Financial during the fourth quarter worth about $10,306,000. Basswood Capital Management L.L.C. bought a new position in shares of USCB Financial during the fourth quarter valued at approximately $3,016,000. Pacific Ridge Capital Partners LLC lifted its position in shares of USCB Financial by 7.3% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 456,323 shares of the company’s stock worth $5,590,000 after purchasing an additional 31,238 shares during the period. Finally, 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. 61.34% of the stock is currently owned by hedge funds and other institutional investors.

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.