Charles Schwab Investment Management Inc. Increases Position in USCB Financial Holdings, Inc. $USCB

Charles Schwab Investment Management Inc. lifted its holdings in shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) by 5.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,912 shares of the company’s stock after acquiring an additional 1,581 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.16% of USCB Financial worth $592,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of USCB. BNP Paribas Financial Markets purchased a new stake in shares of USCB Financial during the fourth quarter worth about $36,000. Wells Fargo & Company MN increased its holdings in USCB Financial by 32.8% in the fourth 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 last quarter. Hsbc Holdings PLC increased its holdings in USCB Financial by 8.1% in the fourth quarter. Hsbc Holdings PLC now owns 21,553 shares of the company’s stock valued at $382,000 after buying an additional 1,613 shares during the last quarter. Bank of America Corp DE increased its holdings in USCB Financial by 25.9% in the fourth quarter. Bank of America Corp DE now owns 25,552 shares of the company’s stock valued at $454,000 after buying an additional 5,252 shares during the last quarter. Finally, Barclays PLC increased its holdings in USCB Financial by 21.2% in the fourth quarter. Barclays PLC now owns 39,262 shares of the company’s stock valued at $697,000 after buying an additional 6,862 shares during the last quarter. 61.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Raymond James Financial raised USCB Financial from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a report on Monday, July 28th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $20.33.

USCB Financial Stock Down 1.1%

NASDAQ:USCB opened at $16.98 on Thursday. The firm has a market capitalization of $340.96 million, a PE ratio of 11.55 and a beta of 0.62. The stock has a 50 day moving average of $17.06 and a 200-day moving average of $17.30. USCB Financial Holdings, Inc. has a 52 week low of $13.85 and a 52 week high of $21.86. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47.

USCB Financial (NASDAQ:USCB) last posted its earnings results on Thursday, July 24th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $24.40 million during the quarter, compared to analyst estimates of $23.72 million. USCB Financial had a return on equity of 13.39% and a net margin of 19.51%. Analysts predict that USCB Financial Holdings, Inc. will post 1.58 EPS for the current year.

USCB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.40 annualized dividend and a dividend yield of 2.4%. USCB Financial’s dividend payout ratio is 27.21%.

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.