USCB Financial Holdings, Inc. (NASDAQ:USCB - Get Free Report) CFO Robert B. Anderson bought 3,000 shares of the company's stock in a transaction dated Monday, May 6th. The stock was bought at an average cost of $11.91 per share, with a total value of $35,730.00. Following the completion of the acquisition, the chief financial officer now owns 71,408 shares in the company, valued at approximately $850,469.28. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
USCB Financial Price Performance
USCB opened at $12.55 on Wednesday. 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 $246.61 million, a P/E ratio of 16.30 and a beta of 0.35. The company's 50 day simple moving average is $11.03 and its 200-day simple moving average is $11.44. USCB Financial Holdings, Inc. has a one year low of $8.81 and a one year high of $12.97.
USCB Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.20 dividend on an annualized basis and a yield of 1.59%. USCB Financial's payout ratio is 25.97%.
Institutional Investors Weigh In On USCB Financial
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A number of institutional investors and hedge funds have recently made changes to their positions in USCB. LWM Advisory Services LLC bought a new position in USCB Financial in the third quarter valued at about $38,000. Kennedy Capital Management LLC lifted its position in USCB Financial by 7.9% during the 3rd quarter. Kennedy Capital Management LLC now owns 71,717 shares of the company's stock valued at $754,000 after purchasing an additional 5,243 shares during the period. Salzhauer Michael bought a new position in shares of USCB Financial in the 1st quarter valued at about $200,000. Pacific Ridge Capital Partners LLC grew its position in shares of USCB Financial by 5.5% during 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 during the period. Finally, Basswood Capital Management L.L.C. acquired a new position in USCB Financial in the fourth quarter valued at approximately $3,016,000. Institutional investors own 61.34% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on USCB shares. Keefe, Bruyette & Woods boosted their target price on USCB Financial from $14.00 to $15.00 and gave the stock an "outperform" rating in a report on Tuesday, January 30th. Raymond James boosted their price objective on USCB Financial from $12.00 to $13.00 and gave the stock an "outperform" rating in a research note on Monday, January 29th.
Read Our Latest Stock Analysis on USCB
About USCB Financial
(
Get Free Report)
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.
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