USCB Financial (NASDAQ:USCB) Shares Down 0.1% – Here’s Why

Shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) fell 0.1% on Thursday . The stock traded as low as $17.42 and last traded at $17.57. 36,491 shares were traded during trading, an increase of 31% from the average session volume of 27,842 shares. The stock had previously closed at $17.59.

Analyst Upgrades and Downgrades

USCB has been the subject of a number of recent analyst reports. Raymond James Financial upgraded shares of USCB Financial from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $20.00 to $22.00 in a report on Monday, September 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of USCB Financial in a report on Wednesday, October 8th. Finally, Piper Sandler boosted their price objective on shares of USCB Financial from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $22.00.

USCB Financial Stock Down 0.1%

The firm’s 50-day moving average price is $17.26 and its 200-day moving average price is $17.01. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $352.81 million, a price-to-earnings ratio of 11.19 and a beta of 0.60.

USCB Financial (NASDAQ:USCB) last announced its quarterly earnings results on Monday, August 7th. The company reported $0.26 earnings per share for the quarter. USCB Financial had a net margin of 20.23% and a return on equity of 14.12%. The firm had revenue of $17.26 million during the quarter. Sell-side analysts forecast that USCB Financial Holdings, Inc. will post 1.58 earnings per share for the current fiscal year.

USCB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $0.40 annualized dividend and a yield of 2.3%. USCB Financial’s payout ratio is 25.48%.

Institutional Trading of USCB Financial

Hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of USCB Financial by 5.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 31,912 shares of the company’s stock valued at $592,000 after purchasing an additional 1,581 shares during the period. Deutsche Bank AG acquired a new position in USCB Financial in the 1st quarter worth $165,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in USCB Financial by 15.4% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 53,055 shares of the company’s stock valued at $985,000 after buying an additional 7,088 shares during the last quarter. Nuveen LLC acquired a new stake in shares of USCB Financial during the first quarter valued at about $289,000. Finally, Hsbc Holdings PLC grew its stake 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 valued at $485,000 after acquiring an additional 4,552 shares in the last quarter. Hedge funds and other institutional investors own 61.34% of the company’s stock.

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.