USCB Financial Holdings, Inc. (NASDAQ:USCB - Get Free Report) major shareholder W Kirk Wycoff sold 12,848 shares of the company's stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $18.28, for a total value of $234,861.44. Following the sale, the insider owned 1,813,786 shares of the company's stock, valued at approximately $33,156,008.08. This trade represents a 0.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
W Kirk Wycoff also recently made the following trade(s):
- On Thursday, April 30th, W Kirk Wycoff sold 37,152 shares of USCB Financial stock. The stock was sold at an average price of $18.24, for a total value of $677,652.48.
USCB Financial Stock Performance
USCB opened at $18.35 on Friday. The company has a market cap of $335.07 million, a PE ratio of 12.83 and a beta of 0.53. The stock has a 50-day moving average of $18.96 and a 200-day moving average of $18.68. USCB Financial Holdings, Inc. has a 52-week low of $15.56 and a 52-week high of $20.78. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.93 and a current ratio of 0.93.
USCB Financial (NASDAQ:USCB - Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). The company had revenue of $26.18 million for the quarter, compared to the consensus estimate of $25.95 million. USCB Financial had a return on equity of 15.44% and a net margin of 17.04%. As a group, equities research analysts forecast that USCB Financial Holdings, Inc. will post 2.02 earnings per share for the current fiscal year.
USCB Financial Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, May 15th. USCB Financial's dividend payout ratio is 34.97%.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the company. Raymond James Financial reissued a "strong-buy" rating on shares of USCB Financial in a research report on Monday. Hovde Group boosted their price objective on USCB Financial from $19.50 to $20.00 and gave the stock a "market perform" rating in a research report on Monday, April 27th. Piper Sandler boosted their price objective on USCB Financial from $23.00 to $24.00 and gave the stock an "overweight" rating in a research report on Tuesday. Wall Street Zen cut USCB Financial from a "hold" rating to a "sell" rating in a research report on Saturday, April 25th. Finally, Zacks Research raised USCB Financial from a "strong sell" rating to a "hold" rating in a research report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $22.00.
Read Our Latest Research Report on USCB Financial
Hedge Funds Weigh In On USCB Financial
Several large investors have recently added to or reduced their stakes in USCB. NewEdge Advisors LLC raised its holdings in USCB Financial by 60.1% in 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 in the last quarter. Russell Investments Group Ltd. raised its holdings in USCB Financial by 66.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company's stock valued at $39,000 after acquiring an additional 883 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in USCB Financial by 100.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company's stock valued at $65,000 after acquiring an additional 1,854 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in USCB Financial by 2,081.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,210 shares of the company's stock valued at $70,000 after acquiring an additional 4,017 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of USCB Financial in the fourth quarter valued at $100,000. Institutional investors and hedge funds own 61.34% of the company's stock.
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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