Bank of America Corp DE Increases Stock Position in USCB Financial Holdings, Inc. (NASDAQ:USCB)

Bank of America Corp DE boosted its holdings in USCB Financial Holdings, Inc. (NASDAQ:USCB) by 25.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,552 shares of the company’s stock after purchasing an additional 5,252 shares during the quarter. Bank of America Corp DE owned about 0.13% of USCB Financial worth $454,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in USCB. Mendon Capital Advisors Corp increased its position in USCB Financial by 7.4% during the 4th quarter. Mendon Capital Advisors Corp now owns 674,811 shares of the company’s stock worth $11,978,000 after purchasing an additional 46,206 shares during the period. Kennedy Capital Management LLC grew its stake in USCB Financial by 309.5% in the 4th quarter. Kennedy Capital Management LLC now owns 285,305 shares of the company’s stock worth $5,064,000 after acquiring an additional 215,636 shares during the period. Renaissance Technologies LLC grew its position in shares of USCB Financial by 17.6% in the fourth quarter. Renaissance Technologies LLC now owns 117,088 shares of the company’s stock valued at $2,078,000 after purchasing an additional 17,488 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of USCB Financial by 12.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 100,597 shares of the company’s stock valued at $1,786,000 after acquiring an additional 11,199 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in USCB Financial by 159.3% during the fourth quarter. JPMorgan Chase & Co. now owns 51,043 shares of the company’s stock worth $906,000 after purchasing an additional 31,357 shares during the period. 61.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

USCB has been the topic of several research analyst reports. Raymond James lowered USCB Financial from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods cut 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.

USCB Financial Stock Performance

USCB Financial stock opened at $16.79 on Thursday. USCB Financial Holdings, Inc. has a 12 month low of $11.80 and a 12 month high of $21.86. The company has a fifty day moving average price of $16.90 and a two-hundred day moving average price of $18.05. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $336.61 million, a PE ratio of 13.65 and a beta of 0.63.

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

USCB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, May 15th. This represents a $0.40 annualized dividend and a yield of 2.38%. USCB Financial’s payout ratio is presently 28.99%.

Insider Activity

In other USCB Financial news, CEO La Aguilera Luis De sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $16.70, for a total value of $417,500.00. Following the transaction, the chief executive officer now directly owns 238,974 shares of the company’s stock, valued at $3,990,865.80. This represents a 9.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 48.50% of the stock is owned by company insiders.

About USCB Financial

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.