USCB Financial (NASDAQ:USCB) Director Ramon Rodriguez Buys 1,000 Shares of Stock

USCB Financial Holdings, Inc. (NASDAQ:USCB) Director Ramon Rodriguez bought 1,000 shares of the firm’s stock in a transaction dated Friday, October 30th. The shares were acquired at an average price of $20.00 per share, for a total transaction of $20,000.00. Following the completion of the transaction, the director directly owned 1,000 shares in the company, valued at approximately $20,000. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

USCB Financial Trading Up 0.8%

Shares of USCB Financial stock traded up $0.15 during trading on Friday, hitting $20.00. The stock had a trading volume of 18,928 shares, compared to its average volume of 60,597. The firm’s fifty day simple moving average is $22.29 and its 200-day simple moving average is $20.28. The stock has a market cap of $369.40 million, a PE ratio of 12.69 and a beta of 0.45. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.97 and a quick ratio of 0.97. USCB Financial Holdings, Inc. has a 12 month low of $17.00 and a 12 month high of $23.89.

USCB Financial (NASDAQ:USCB) last announced its quarterly earnings data on Thursday, October 22nd. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). The company had revenue of $26.97 million for the quarter, compared to the consensus estimate of $29.18 million. USCB Financial had a net margin of 17.44% and a return on equity of 15.76%. As a group, sell-side analysts expect that USCB Financial Holdings, Inc. will post 2.01 EPS for the current fiscal year.

USCB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Monday, November 16th will be paid a dividend of $0.1250 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, November 16th. USCB Financial’s payout ratio is 31.65%.

Analyst Ratings Changes

A number of analysts have commented on USCB shares. Weiss Ratings cut USCB Financial from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday. Raymond James Financial lowered shares of USCB Financial from a “strong-buy” rating to an “outperform” rating and dropped their target price for the company from $25.00 to $23.00 in a research report on Monday. Hovde Group upped their target price on USCB Financial from $20.00 to $22.00 and gave the company a “market perform” rating in a report on Monday, July 27th. Keefe, Bruyette & Woods lifted their price target on shares of USCB Financial from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Finally, Piper Sandler reduced their price target on shares of USCB Financial from $27.00 to $24.00 and set an “overweight” rating on the stock in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.25.

Institutional Investors Weigh In On USCB Financial

A number of institutional investors have recently bought and sold shares of USCB. SG Americas Securities LLC increased its stake in USCB Financial by 16.7% during the first quarter. SG Americas Securities LLC now owns 6,363 shares of the company’s stock valued at $118,000 after purchasing an additional 910 shares during the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of USCB Financial in the first quarter valued at $41,000. Integrated Wealth Concepts LLC acquired a new stake in USCB Financial during the second quarter valued at approximately $59,000. North Reef Capital Management LP increased its holdings in shares of USCB Financial by 3.5% in the first quarter. North Reef Capital Management LP now owns 128,093 shares of the company’s stock valued at $2,375,000 after buying an additional 4,352 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of USCB Financial by 10.9% in the 1st quarter. Bank of New York Mellon Corp now owns 48,008 shares of the company’s stock valued at $890,000 after purchasing an additional 4,711 shares during the period. 61.34% of the stock is currently owned by hedge funds and other institutional investors.

About USCB Financial

USCB Financial Corp. is the bank holding company for U.S. Century Bank, a community bank headquartered in South Florida. The bank provides financial products and services to individuals, businesses, professionals and nonprofit organizations in the region, with a particular focus on the Miami-Dade County market and surrounding South Florida communities.

U.S. Century Bank offers deposit accounts, commercial and residential real estate loans, commercial and industrial lending, consumer loans and small business financing.