Basswood Capital Management L.L.C. Trims Position in USCB Financial Holdings, Inc. (NASDAQ:USCB)

Basswood Capital Management L.L.C. cut its stake in USCB Financial Holdings, Inc. (NASDAQ:USCB) by 6.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 514,460 shares of the company’s stock after selling 35,889 shares during the period. Basswood Capital Management L.L.C. owned 2.59% of USCB Financial worth $9,132,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in USCB. BNP Paribas Financial Markets bought a new position in shares of USCB Financial during the fourth quarter valued at approximately $36,000. Wells Fargo & Company MN lifted its holdings in shares of USCB Financial by 32.8% during the 4th quarter. Wells Fargo & Company MN now owns 5,799 shares of the company’s stock valued at $103,000 after buying an additional 1,431 shares during the period. JPMorgan Chase & Co. boosted its position in USCB Financial by 228.4% in the third quarter. JPMorgan Chase & Co. now owns 19,686 shares of the company’s stock worth $300,000 after purchasing an additional 13,692 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in USCB Financial during the fourth quarter valued at approximately $332,000. Finally, Hsbc Holdings PLC raised its holdings in USCB Financial by 8.1% in the 4th quarter. Hsbc Holdings PLC now owns 21,553 shares of the company’s stock worth $382,000 after purchasing an additional 1,613 shares during the period. 61.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on USCB shares. Raymond James downgraded shares of USCB Financial from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods dropped their price objective on shares of USCB Financial from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Monday, April 28th.

USCB Financial Trading Up 2.0 %

Shares of NASDAQ USCB opened at $17.11 on Friday. USCB Financial Holdings, Inc. has a twelve month low of $11.41 and a twelve month high of $21.86. The business has a fifty day simple moving average of $17.84 and a two-hundred day simple moving average of $18.17. The firm has a market cap of $343.02 million, a PE ratio of 13.91 and a beta of 0.65. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.55.

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

USCB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be issued 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 dividend yield of 2.34%. USCB Financial’s dividend payout ratio (DPR) is currently 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.