Goldman Sachs Group Inc. Reduces Position in USCB Financial Holdings, Inc. $USCB

Goldman Sachs Group Inc. decreased its stake in shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) by 5.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,041 shares of the company’s stock after selling 3,479 shares during the period. Goldman Sachs Group Inc. owned approximately 0.31% of USCB Financial worth $1,151,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. BNP Paribas Financial Markets bought a new stake in USCB Financial in the 4th quarter worth approximately $36,000. Deutsche Bank AG bought a new position in shares of USCB Financial during the 1st quarter valued at approximately $165,000. Nuveen LLC purchased a new stake in USCB Financial during the 1st quarter valued at $289,000. Bank of America Corp DE raised its holdings in shares of USCB Financial by 25.9% in the fourth quarter. Bank of America Corp DE now owns 25,552 shares of the company’s stock worth $454,000 after buying an additional 5,252 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in shares of USCB Financial by 21.1% in the first quarter. Hsbc Holdings PLC now owns 26,105 shares of the company’s stock valued at $485,000 after purchasing an additional 4,552 shares during the period. 61.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

USCB Financial Stock Down 1.3%

Shares of NASDAQ USCB opened at $17.18 on Monday. The firm has a market cap of $344.97 million, a P/E ratio of 11.69 and a beta of 0.62. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. USCB Financial Holdings, Inc. has a 1 year low of $13.90 and a 1 year high of $21.86. The firm’s 50 day moving average price is $17.17 and its 200 day moving average price is $17.15.

USCB Financial (NASDAQ:USCB) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. USCB Financial had a net margin of 19.51% and a return on equity of 13.39%. The business had revenue of $24.40 million for the quarter, compared to analyst estimates of $23.72 million. As a group, sell-side analysts anticipate that USCB Financial Holdings, Inc. will post 1.58 earnings per share 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 given a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.40 annualized dividend 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.