Wells Fargo & Company MN Acquires 1,431 Shares of USCB Financial Holdings, Inc. (NASDAQ:USCB)

Wells Fargo & Company MN grew its holdings in USCB Financial Holdings, Inc. (NASDAQ:USCB) by 32.8% in the fourth quarter, Holdings Channel reports. The firm owned 5,799 shares of the company’s stock after buying an additional 1,431 shares during the quarter. Wells Fargo & Company MN’s holdings in USCB Financial were worth $103,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Barclays PLC increased its holdings in shares of USCB Financial by 57.8% in the 3rd quarter. Barclays PLC now owns 32,400 shares of the company’s stock worth $494,000 after purchasing an additional 11,866 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of USCB Financial by 228.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,686 shares of the company’s stock worth $300,000 after buying an additional 13,692 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of USCB Financial in the 4th quarter worth $332,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of USCB Financial by 70.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 45,967 shares of the company’s stock worth $816,000 after buying an additional 19,028 shares during the last quarter. Institutional investors own 61.34% of the company’s stock.

Analyst Upgrades and Downgrades

USCB has been the topic of a number of research reports. Keefe, Bruyette & Woods dropped their price target on USCB Financial from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Raymond James downgraded USCB Financial from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 2nd.

USCB Financial Price Performance

NASDAQ USCB opened at $16.93 on Monday. The company has a market capitalization of $339.41 million, a PE ratio of 13.76 and a beta of 0.67. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.91 and a current ratio of 0.91. The business’s fifty day moving average is $17.62 and its 200 day moving average is $18.26. USCB Financial Holdings, Inc. has a fifty-two week low of $11.41 and a fifty-two week high of $21.86.

USCB Financial (NASDAQ:USCB) last released its earnings results on Thursday, April 24th. The company reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. The company had revenue of $22.83 million for the quarter, compared to the consensus estimate of $22.94 million. USCB Financial had a return on equity of 12.14% and a net margin of 17.14%. Sell-side analysts predict that USCB Financial Holdings, Inc. will post 1.58 earnings per share for the current year.

USCB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.40 annualized dividend and a yield of 2.36%. USCB Financial’s dividend payout ratio (DPR) is presently 28.99%.

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.