Robert B. Anderson Acquires 5,000 Shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) Stock

USCB Financial Holdings, Inc. (NASDAQ:USCBGet Free Report) CFO Robert B. Anderson bought 5,000 shares of USCB Financial stock in a transaction that occurred on Wednesday, May 15th. The shares were acquired at an average cost of $12.13 per share, with a total value of $60,650.00. Following the acquisition, the chief financial officer now owns 79,408 shares of the company’s stock, valued at $963,219.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

USCB Financial Trading Up 1.9 %

Shares of USCB Financial stock opened at $12.49 on Friday. USCB Financial Holdings, Inc. has a fifty-two week low of $9.30 and a fifty-two week high of $12.97. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.93 and a current ratio of 0.91. The company has a market cap of $245.55 million, a P/E ratio of 16.22 and a beta of 0.35. The firm has a 50-day simple moving average of $11.26 and a two-hundred day simple moving average of $11.55.

USCB Financial (NASDAQ:USCBGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The company had revenue of $17.62 million for the quarter, compared to the consensus estimate of $17.23 million. USCB Financial had a return on equity of 8.50% and a net margin of 13.08%. As a group, equities analysts predict that USCB Financial Holdings, Inc. will post 1 earnings per share for the current fiscal year.

USCB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.60%. The ex-dividend date is Tuesday, May 14th. USCB Financial’s payout ratio is presently 25.97%.

Institutional Trading of USCB Financial

Several institutional investors have recently modified their holdings of USCB. Mendon Capital Advisors Corp acquired a new position in USCB Financial in the 4th quarter valued at $10,306,000. Basswood Capital Management L.L.C. purchased a new position in shares of USCB Financial in the fourth quarter worth about $3,016,000. Vanguard Group Inc. boosted its position in USCB Financial by 15.4% during the first quarter. Vanguard Group Inc. now owns 436,923 shares of the company’s stock worth $4,981,000 after acquiring an additional 58,365 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in USCB Financial during the 1st quarter valued at about $358,000. Finally, Pacific Ridge Capital Partners LLC raised its holdings in USCB Financial by 7.3% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 456,323 shares of the company’s stock valued at $5,590,000 after acquiring an additional 31,238 shares during the last quarter. Institutional investors and hedge funds own 61.34% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Get Our Latest Analysis on USCB

USCB Financial Company Profile

(Get Free Report)

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.

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