USCB Financial Holdings, Inc. (NASDAQ:USCB) Short Interest Down 20.2% in August

USCB Financial Holdings, Inc. (NASDAQ:USCB) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 96,300 shares, a decrease of 20.2% from the August 15th total of 120,700 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 23,000 shares, the short-interest ratio is currently 4.2 days. Based on an average daily volume of 23,000 shares, the short-interest ratio is currently 4.2 days. Approximately 0.8% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on USCB shares. Raymond James Financial upgraded shares of USCB Financial from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $20.00 to $22.00 in a report on Monday, September 8th. Piper Sandler increased their target price on shares of USCB Financial from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat, USCB Financial currently has a consensus rating of “Buy” and an average price target of $22.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets purchased a new position in USCB Financial during the 4th quarter valued at about $36,000. Police & Firemen s Retirement System of New Jersey purchased a new position in USCB Financial during the 2nd quarter valued at about $38,000. Tower Research Capital LLC TRC lifted its position in USCB Financial by 2,081.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,210 shares of the company’s stock valued at $70,000 after acquiring an additional 4,017 shares during the period. Deutsche Bank AG purchased a new position in USCB Financial during the 1st quarter valued at about $165,000. Finally, First Trust Advisors LP purchased a new position in USCB Financial during the 2nd quarter valued at about $212,000. 61.34% of the stock is owned by hedge funds and other institutional investors.

USCB Financial Trading Up 1.5%

Shares of USCB opened at $17.40 on Friday. The firm’s 50-day moving average price is $17.17 and its 200-day moving average price is $17.17. The firm has a market capitalization of $349.39 million, a price-to-earnings ratio of 11.84 and a beta of 0.62. 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 has a 1-year low of $13.90 and a 1-year high of $21.86.

USCB Financial (NASDAQ:USCB) last announced its earnings results on Thursday, July 24th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The firm had revenue of $24.40 million for the quarter, compared to analyst estimates of $23.72 million. USCB Financial had a net margin of 19.51% and a return on equity of 13.39%. Sell-side analysts anticipate that USCB Financial will post 1.58 EPS for the current year.

USCB Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.3%. USCB Financial’s payout ratio is presently 27.21%.

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.