Key Points
- Andres Collazo sold 8,000 shares of USCB Financial on March 7 at an average price of $18.27 for $146,160, reducing his stake by 19.54% to 32,950 shares (SEC filing disclosed).
- USCB missed recent quarterly estimates (EPS $0.44 vs. $0.51 expected; revenue $25.53M vs. $26.34M) but raised its quarterly dividend to $0.125 (annualized $0.50, ~2.7% yield), and analysts hold a consensus "Moderate Buy" with a $22 target.
USCB Financial Holdings, Inc. (NASDAQ:USCB - Get Free Report) EVP Andres Collazo sold 8,000 shares of the business's stock in a transaction dated Saturday, March 7th. The stock was sold at an average price of $18.27, for a total value of $146,160.00. Following the sale, the executive vice president owned 32,950 shares in the company, valued at $601,996.50. The trade was a 19.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
USCB Financial Stock Performance
USCB opened at $18.28 on Wednesday. The company has a market cap of $331.05 million, a P/E ratio of 14.06 and a beta of 0.60. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.24. The firm's 50-day moving average price is $19.27 and its 200-day moving average price is $18.26. USCB Financial Holdings, Inc. has a 52-week low of $15.39 and a 52-week high of $20.78.
USCB Financial (NASDAQ:USCB - Get Free Report) last released its earnings results on Thursday, January 22nd. The company reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.07). The company had revenue of $25.53 million during the quarter, compared to analyst estimates of $26.34 million. USCB Financial had a return on equity of 14.78% and a net margin of 16.36%. As a group, equities analysts anticipate that USCB Financial Holdings, Inc. will post 1.58 EPS for the current fiscal year.
USCB Financial Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th were issued a $0.125 dividend. This is an increase from USCB Financial's previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, February 17th. USCB Financial's dividend payout ratio is 38.46%.
Analysts Set New Price Targets
Several research firms recently issued reports on USCB. Zacks Research downgraded USCB Financial from a "hold" rating to a "strong sell" rating in a research report on Friday, February 27th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of USCB Financial in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $22.00.
Check Out Our Latest Research Report on USCB Financial
Hedge Funds Weigh In On USCB Financial
Institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC lifted its stake in USCB Financial by 60.1% during the 4th quarter. NewEdge Advisors LLC now owns 1,700 shares of the company's stock valued at $31,000 after acquiring an additional 638 shares during the period. Russell Investments Group Ltd. increased its stake in shares of USCB Financial by 66.2% in the third quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company's stock worth $39,000 after acquiring an additional 883 shares during the period. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of USCB Financial in the second quarter worth $38,000. BNP Paribas Financial Markets raised its holdings in shares of USCB Financial by 100.3% during the third quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company's stock worth $65,000 after purchasing an additional 1,854 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in USCB Financial by 2,081.3% during the second quarter. Tower Research Capital LLC TRC now owns 4,210 shares of the company's stock valued at $70,000 after purchasing an additional 4,017 shares during the period. 61.34% of the stock is owned by hedge funds and other institutional investors.
USCB Financial Company Profile
(
Get Free Report)
USCB Financial (NASDAQ: USCB) is a bank holding company headquartered in Columbia, South Carolina, serving as the parent company of United Security Bank. Established to support community banking in the Midlands region, the company focuses on relationship-driven financial services tailored to both individuals and businesses. As a regional player, USCB Financial emphasizes personalized service through a network of full-service branch offices.
The company’s core business activities include commercial and consumer lending, deposit products and alternative delivery channels.
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