USCB Financial Holdings, Inc. (NASDAQ:USCB) Short Interest Update

USCB Financial Holdings, Inc. (NASDAQ:USCB) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 57,900 shares, an increase of 23.2% from the February 28th total of 47,000 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average trading volume of 27,200 shares, the short-interest ratio is currently 2.1 days.

Analyst Upgrades and Downgrades

Separately, Raymond James lowered USCB Financial from an “outperform” rating to a “market perform” rating in a research report on Wednesday.

USCB Financial Stock Performance

NASDAQ USCB opened at $18.46 on Thursday. USCB Financial has a 52-week low of $10.25 and a 52-week high of $21.86. The stock has a market cap of $370.18 million, a PE ratio of 15.01 and a beta of 0.64. The firm has a 50-day moving average of $18.89 and a 200-day moving average of $17.83. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.91 and a current ratio of 0.91.

USCB Financial (NASDAQ:USCB) last posted 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 return on equity of 12.14% and a net margin of 17.14%. On average, sell-side analysts anticipate that USCB Financial will post 1.58 EPS for the current year.

USCB Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Friday, February 14th were issued a dividend of $0.10 per share. This is a boost from USCB Financial’s previous quarterly dividend of $0.05. This represents a $0.40 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Friday, February 14th. USCB Financial’s payout ratio is 32.52%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC increased its holdings in shares of USCB Financial by 57.8% during the third quarter. Barclays PLC now owns 32,400 shares of the company’s stock valued at $494,000 after acquiring an additional 11,866 shares in the last quarter. JPMorgan Chase & Co. grew its position in USCB Financial by 228.4% during 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. Connor Clark & Lunn Investment Management Ltd. lifted its stake in USCB Financial by 70.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 45,967 shares of the company’s stock valued at $816,000 after purchasing an additional 19,028 shares during the last quarter. Geode Capital Management LLC increased its holdings in USCB Financial by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 237,892 shares of the company’s stock worth $3,628,000 after acquiring an additional 3,250 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in USCB Financial in the 4th quarter worth approximately $332,000. 61.34% of the stock is owned by institutional investors and hedge funds.

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.