Key Points
- W. Kirk Wycoff sold 39,000 USCB shares on Dec. 11 at $18.68 for $728,520, part of multiple recent sales that total about $3.30 million, leaving him with 1,856,286 shares valued at roughly $34.68 million (a ~2.06% reduction from that trade).
- USCB Financial has a market cap of $350.4 million, a P/E of 12.32, a 52-week range of $15.39–$20.49, and pays a $0.10 quarterly dividend (annualized yield ~2.1% and a 25.48% payout ratio).
- Analysts show a consensus "Buy" rating with a $22 price target, though individual opinions range from Hold to Strong Buy among firms like Zacks, Raymond James and Piper Sandler.
USCB Financial Holdings, Inc. (NASDAQ:USCB - Get Free Report) Director W Kirk Wycoff sold 39,000 shares of the business's stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $18.68, for a total transaction of $728,520.00. Following the completion of the transaction, the director owned 1,856,286 shares in the company, valued at $34,675,422.48. The trade was a 2.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
W Kirk Wycoff also recently made the following trade(s):
- On Wednesday, December 10th, W Kirk Wycoff sold 82,043 shares of USCB Financial stock. The stock was sold at an average price of $18.56, for a total transaction of $1,522,718.08.
- On Tuesday, December 2nd, W Kirk Wycoff sold 14,695 shares of USCB Financial stock. The stock was sold at an average price of $17.75, for a total value of $260,836.25.
- On Monday, November 24th, W Kirk Wycoff sold 21,327 shares of USCB Financial stock. The shares were sold at an average price of $18.02, for a total value of $384,312.54.
- On Tuesday, November 25th, W Kirk Wycoff sold 22,558 shares of USCB Financial stock. The stock was sold at an average price of $18.06, for a total value of $407,397.48.
USCB Financial Price Performance
Shares of USCB stock opened at $19.35 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.87 and a current ratio of 0.87. USCB Financial Holdings, Inc. has a fifty-two week low of $15.39 and a fifty-two week high of $20.49. The firm has a market cap of $350.43 million, a P/E ratio of 12.32 and a beta of 0.60. The business's 50 day moving average price is $17.62 and its 200-day moving average price is $17.18.
USCB Financial (NASDAQ:USCB - Get Free Report) last announced its earnings results on Monday, August 7th. The company reported $0.26 EPS for the quarter. USCB Financial had a return on equity of 14.36% and a net margin of 20.23%.The company had revenue of $17.26 million during the quarter. On average, equities research analysts anticipate that USCB Financial Holdings, Inc. will post 1.58 earnings per share for the current year.
USCB Financial Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 14th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, November 14th. USCB Financial's dividend payout ratio (DPR) is currently 25.48%.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on USCB. Zacks Research lowered shares of USCB Financial from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 6th. Weiss Ratings restated a "buy (b)" rating on shares of USCB Financial in a report on Monday. Raymond James Financial raised USCB Financial from an "outperform" rating to a "strong-buy" rating and lifted their price objective for the company from $20.00 to $22.00 in a research report on Monday, September 8th. Finally, Piper Sandler increased their target price on USCB Financial from $22.00 to $23.00 and gave the stock an "overweight" rating in a research report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, USCB Financial has a consensus rating of "Buy" and a consensus price target of $22.00.
Get Our Latest Report on USCB Financial
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in USCB. Patriot Financial Partners GP II L.P. purchased a new stake in shares of USCB Financial in the third quarter worth $35,527,000. Endeavour Capital Advisors Inc. boosted its stake in USCB Financial by 0.5% in the 3rd quarter. Endeavour Capital Advisors Inc. now owns 1,247,211 shares of the company's stock worth $21,764,000 after purchasing an additional 6,262 shares in the last quarter. Alliancebernstein L.P. grew its position in USCB Financial by 9.0% during the 2nd quarter. Alliancebernstein L.P. now owns 973,088 shares of the company's stock valued at $16,095,000 after purchasing an additional 79,983 shares during the last quarter. Mendon Capital Advisors Corp increased its stake in USCB Financial by 3.1% during the 2nd quarter. Mendon Capital Advisors Corp now owns 691,048 shares of the company's stock valued at $11,430,000 after purchasing an additional 20,870 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in USCB Financial by 1.7% in the second quarter. Geode Capital Management LLC now owns 248,716 shares of the company's stock worth $4,114,000 after buying an additional 4,242 shares during the last quarter. Hedge funds and other institutional investors own 61.34% of the company's stock.
USCB Financial Company Profile
(
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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