Rhumbline Advisers Cuts Stake in USCB Financial Holdings, Inc. $USCB

Rhumbline Advisers reduced its position in shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) by 3.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 17,312 shares of the company’s stock after selling 620 shares during the quarter. Rhumbline Advisers owned about 0.09% of USCB Financial worth $321,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of USCB. BNP Paribas Financial Markets bought a new stake in shares of USCB Financial during the fourth quarter worth $36,000. Deutsche Bank AG bought a new stake in shares of USCB Financial during the first quarter worth $165,000. Nuveen LLC bought a new stake in shares of USCB Financial during the first quarter worth $289,000. Bank of America Corp DE lifted its position in shares of USCB Financial by 25.9% during the fourth quarter. Bank of America Corp DE now owns 25,552 shares of the company’s stock worth $454,000 after purchasing an additional 5,252 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of USCB Financial by 21.1% during the first quarter. Hsbc Holdings PLC now owns 26,105 shares of the company’s stock worth $485,000 after purchasing an additional 4,552 shares during the last quarter. 61.34% of the stock is currently owned by institutional investors.

USCB Financial Trading Down 0.7%

Shares of NASDAQ:USCB opened at $17.25 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $346.38 million, a PE ratio of 11.73 and a beta of 0.62. The business has a 50 day moving average of $17.19 and a two-hundred day moving average of $17.14. USCB Financial Holdings, Inc. has a 12-month low of $13.90 and a 12-month 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, topping the consensus estimate of $0.38 by $0.02. The business had revenue of $24.40 million during the quarter, compared to the consensus estimate of $23.72 million. USCB Financial had a return on equity of 13.39% and a net margin of 19.51%. As a group, analysts forecast that USCB Financial Holdings, Inc. will post 1.58 EPS for the current year.

USCB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, August 15th. USCB Financial’s dividend payout ratio is currently 27.21%.

Analyst Ratings Changes

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

USCB Financial 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.