USCB Financial Holdings, Inc. (NASDAQ:USCB) Stock Position Lifted by Salzhauer Michael

Salzhauer Michael boosted its stake in USCB Financial Holdings, Inc. (NASDAQ:USCB) by 76.4% in the second quarter, Holdings Channel reports. The institutional investor owned 31,000 shares of the company’s stock after acquiring an additional 13,428 shares during the quarter. Salzhauer Michael’s holdings in USCB Financial were worth $398,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of USCB. Basswood Capital Management L.L.C. acquired a new position in shares of USCB Financial in the fourth quarter worth $3,016,000. Vanguard Group Inc. increased its position in USCB Financial by 15.4% in the 1st quarter. Vanguard Group Inc. now owns 436,923 shares of the company’s stock worth $4,981,000 after purchasing an additional 58,365 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of USCB Financial during the 1st quarter worth about $358,000. Pacific Ridge Capital Partners LLC raised its stake in shares of USCB Financial by 7.3% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 456,323 shares of the company’s stock worth $5,590,000 after purchasing an additional 31,238 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of USCB Financial by 23.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 66,649 shares of the company’s stock valued at $854,000 after buying an additional 12,542 shares during the last quarter. Institutional investors and hedge funds own 61.34% of the company’s stock.

Wall Street Analysts Forecast Growth

USCB has been the topic of several recent research reports. Hovde Group initiated coverage on shares of USCB Financial in a research report on Monday, August 12th. They set a “market perform” rating and a $16.00 price objective on the stock. Keefe, Bruyette & Woods upped their price objective on shares of USCB Financial from $14.00 to $16.50 and gave the stock an “outperform” rating in a report on Monday, July 29th.

USCB Financial Stock Up 5.4 %

USCB opened at $14.67 on Monday. The firm has a market cap of $288.27 million, a P/E ratio of 19.05 and a beta of 0.39. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.93 and a current ratio of 0.93. The business has a 50 day moving average price of $14.55 and a 200 day moving average price of $12.61. USCB Financial Holdings, Inc. has a twelve month low of $10.04 and a twelve month high of $16.82.

USCB Financial (NASDAQ:USCB) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The company had revenue of $35.83 million for the quarter, compared to analyst estimates of $18.56 million. USCB Financial had a net margin of 13.67% and a return on equity of 9.35%. During the same quarter last year, the firm posted $0.21 earnings per share. Research analysts forecast that USCB Financial Holdings, Inc. will post 1.19 EPS for the current year.

USCB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Thursday, August 15th. USCB Financial’s dividend payout ratio (DPR) is 25.97%.

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.