USCB Financial Holdings, Inc. (NASDAQ:USCB) Sees Large Decline in Short Interest

USCB Financial Holdings, Inc. (NASDAQ:USCB) saw a significant drop in short interest in April. As of April 15th, there was short interest totalling 116,200 shares, a drop of 16.1% from the March 31st total of 138,500 shares. Based on an average daily volume of 27,100 shares, the days-to-cover ratio is presently 4.3 days. Currently, 1.1% of the company’s stock are sold short.

Institutional Trading of USCB Financial

Several institutional investors have recently added to or reduced their stakes in USCB. Barclays PLC increased its position in shares of USCB Financial by 57.8% during the third quarter. Barclays PLC now owns 32,400 shares of the company’s stock worth $494,000 after acquiring an additional 11,866 shares during the period. Geode Capital Management LLC lifted its stake in shares of 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 period. JPMorgan Chase & Co. boosted its position in shares of USCB Financial by 228.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,686 shares of the company’s stock worth $300,000 after purchasing an additional 13,692 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of USCB Financial in the fourth quarter valued at $332,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of 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 acquiring an additional 19,028 shares in the last quarter. Institutional investors and hedge funds own 61.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. 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 shares of USCB Financial from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd.

USCB Financial Trading Up 2.0 %

Shares of USCB opened at $17.11 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.55. The firm’s fifty day moving average is $17.84 and its two-hundred day moving average is $18.19. USCB Financial has a 52-week low of $11.41 and a 52-week high of $21.86. The stock has a market cap of $343.02 million, a PE ratio of 13.91 and a beta of 0.65.

USCB Financial (NASDAQ:USCB) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.38 EPS for the quarter, hitting the consensus estimate of $0.38. USCB Financial had a return on equity of 12.14% and a net margin of 17.14%. The business had revenue of $22.83 million for the quarter, compared to analyst estimates of $22.94 million. Research analysts forecast that USCB Financial will post 1.58 earnings per share for the current fiscal year.

USCB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.40 dividend on an annualized basis and a yield of 2.34%. USCB Financial’s payout ratio 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.