Connor Clark & Lunn Investment Management Ltd. Has $816,000 Stake in USCB Financial Holdings, Inc. (NASDAQ:USCB)

Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) by 70.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,967 shares of the company’s stock after purchasing an additional 19,028 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in USCB Financial were worth $816,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of USCB. MetLife Investment Management LLC lifted its position in shares of USCB Financial by 129.0% during the third quarter. MetLife Investment Management LLC now owns 6,656 shares of the company’s stock worth $102,000 after purchasing an additional 3,750 shares in the last quarter. Stifel Financial Corp acquired a new position in shares of USCB Financial during the third quarter worth approximately $244,000. JPMorgan Chase & Co. lifted its holdings in USCB Financial by 228.4% in the third quarter. JPMorgan Chase & Co. now owns 19,686 shares of the company’s stock valued at $300,000 after buying an additional 13,692 shares during the period. Los Angeles Capital Management LLC acquired a new position in USCB Financial in the fourth quarter valued at approximately $332,000. Finally, Barclays PLC lifted its holdings in USCB Financial by 57.8% in the third quarter. Barclays PLC now owns 32,400 shares of the company’s stock valued at $494,000 after buying an additional 11,866 shares during the period. 61.34% of the stock is currently owned by institutional investors and hedge funds.

USCB Financial Trading Down 1.8 %

Shares of NASDAQ USCB opened at $18.85 on Friday. The company’s 50 day simple moving average is $18.76 and its 200 day simple moving average is $17.56. USCB Financial Holdings, Inc. has a fifty-two week low of $10.25 and a fifty-two week high of $21.86. The firm has a market capitalization of $378.00 million, a P/E ratio of 15.33 and a beta of 0.64. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.91 and a quick ratio of 0.91.

USCB Financial (NASDAQ:USCB) last announced its quarterly earnings data on Thursday, January 23rd. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). USCB Financial had a net margin of 17.14% and a return on equity of 12.14%. On average, analysts predict that USCB Financial Holdings, Inc. will post 1.58 EPS for the current year.

USCB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Friday, February 14th were issued a $0.10 dividend. This is a positive change from USCB Financial’s previous quarterly dividend of $0.05. This represents a $0.40 annualized dividend and a yield of 2.12%. The ex-dividend date was Friday, February 14th. USCB Financial’s dividend payout ratio is currently 32.52%.

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.