USCB Financial Holdings, Inc. (NASDAQ:USCB) Director Ramon A. Rodriguez Acquires 6,000 Shares

USCB Financial Holdings, Inc. (NASDAQ:USCB) Director Ramon A. Rodriguez bought 6,000 shares of USCB Financial stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average price of $14.61 per share, for a total transaction of $87,660.00. Following the acquisition, the director now directly owns 12,000 shares of the company’s stock, valued at approximately $175,320. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

USCB Financial Stock Up 1.7 %

Shares of USCB Financial stock opened at $15.32 on Wednesday. USCB Financial Holdings, Inc. has a twelve month low of $10.04 and a twelve month high of $16.82. The company has a fifty day moving average price of $14.65 and a 200 day moving average price of $12.67. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.81. The stock has a market cap of $301.04 million, a price-to-earnings ratio of 19.90 and a beta of 0.39.

USCB Financial (NASDAQ:USCB) last announced its earnings results on Thursday, July 25th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.07. The business had revenue of $35.83 million during the quarter, compared to the consensus estimate of $18.56 million. USCB Financial had a net margin of 13.67% and a return on equity of 9.35%. During the same period in the prior year, the firm earned $0.21 earnings per share. Equities research analysts forecast that USCB Financial Holdings, Inc. will post 1.19 earnings per share for the current fiscal year.

USCB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 15th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Thursday, August 15th. USCB Financial’s dividend payout ratio is currently 25.97%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on USCB. Keefe, Bruyette & Woods lifted their price objective on USCB Financial from $14.00 to $16.50 and gave the company an “outperform” rating in a research note on Monday, July 29th. Hovde Group started 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 target on the stock.

Institutional Investors Weigh In On USCB Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. LSV Asset Management purchased a new position in shares of USCB Financial during the 2nd quarter valued at approximately $131,000. Hsbc Holdings PLC acquired a new stake in USCB Financial in the second quarter valued at $134,000. Salzhauer Michael bought a new position in USCB Financial during the 1st quarter valued at $200,000. Jacobs Levy Equity Management Inc. acquired a new position in USCB Financial during the 1st quarter worth $358,000. Finally, Bank of New York Mellon Corp increased its position in shares of USCB Financial by 2.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 29,990 shares of the company’s stock worth $385,000 after purchasing an additional 690 shares during the last quarter. 61.34% of the stock is currently owned by hedge funds and other institutional investors.

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.