USCB Financial Holdings, Inc. (NASDAQ:USCB) Position Trimmed by Raymond James & Associates

Raymond James & Associates decreased its holdings in USCB Financial Holdings, Inc. (NASDAQ:USCB) by 54.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,690 shares of the company’s stock after selling 50,064 shares during the period. Raymond James & Associates owned about 0.21% of USCB Financial worth $511,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Pacific Ridge Capital Partners LLC lifted its position in USCB Financial by 5.5% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 425,085 shares of the company’s stock worth $4,468,000 after buying an additional 22,229 shares in the last quarter. Kennedy Capital Management LLC raised its holdings in shares of USCB Financial by 7.9% during the third quarter. Kennedy Capital Management LLC now owns 71,717 shares of the company’s stock worth $754,000 after acquiring an additional 5,243 shares in the last quarter. Finally, LWM Advisory Services LLC purchased a new stake in shares of USCB Financial during the third quarter worth $38,000. 61.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at USCB Financial

In other news, CFO Robert B. Anderson bought 3,600 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was purchased at an average price of $11.29 per share, with a total value of $40,644.00. Following the transaction, the chief financial officer now directly owns 40,732 shares in the company, valued at $459,864.28. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other USCB Financial news, CFO Robert B. Anderson acquired 4,000 shares of USCB Financial stock in a transaction dated Thursday, March 14th. The stock was bought at an average cost of $11.21 per share, with a total value of $44,840.00. Following the completion of the transaction, the chief financial officer now owns 48,132 shares of the company’s stock, valued at $539,559.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert B. Anderson bought 3,600 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were bought at an average cost of $11.29 per share, for a total transaction of $40,644.00. Following the transaction, the chief financial officer now directly owns 40,732 shares of the company’s stock, valued at approximately $459,864.28. The disclosure for this purchase can be found here. In the last three months, insiders have bought 17,600 shares of company stock worth $196,184. 48.10% of the stock is owned by insiders.

USCB Financial Price Performance

Shares of NASDAQ:USCB opened at $10.73 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $210.84 million, a P/E ratio of 12.93 and a beta of 0.35. The business has a 50-day moving average of $10.97 and a two-hundred day moving average of $11.42. USCB Financial Holdings, Inc. has a fifty-two week low of $8.56 and a fifty-two week high of $12.97.

USCB Financial (NASDAQ:USCB) last announced its earnings results on Thursday, January 25th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). USCB Financial had a return on equity of 9.28% and a net margin of 15.26%. The company had revenue of $15.70 million for the quarter, compared to the consensus estimate of $17.31 million. On average, equities research analysts predict that USCB Financial Holdings, Inc. will post 0.95 EPS for the current fiscal year.

USCB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Tuesday, May 14th. USCB Financial’s dividend payout ratio is currently 24.10%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on USCB shares. Keefe, Bruyette & Woods raised their price target on USCB Financial from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. Raymond James lifted their target price on shares of USCB Financial from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Monday, January 29th.

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.