Key Points
- USCB Financial CEO La Aguilera Luis De sold 10,005 shares on May 7 at an average price of $18.14, totaling about $181,491. After the sale, he still owned 242,945 shares valued at roughly $4.41 million.
- The CEO has been actively trimming his stake, with additional sales of 16,895 shares on May 5 and 13,100 shares on May 6, alongside the latest transaction.
- USCB Financial recently reported mixed quarterly results, missing earnings estimates by $0.01 per share while slightly beating revenue expectations. The company also announced a quarterly dividend of $0.125 per share, implying a 2.7% annual yield.
USCB Financial Holdings, Inc. (NASDAQ:USCB - Get Free Report) CEO La Aguilera Luis De sold 10,005 shares of the business's stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $18.14, for a total value of $181,490.70. Following the completion of the transaction, the chief executive officer owned 242,945 shares in the company, valued at $4,407,022.30. This trade represents a 3.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
La Aguilera Luis De also recently made the following trade(s):
- On Tuesday, May 5th, La Aguilera Luis De sold 16,895 shares of USCB Financial stock. The stock was sold at an average price of $18.12, for a total value of $306,137.40.
- On Wednesday, May 6th, La Aguilera Luis De sold 13,100 shares of USCB Financial stock. The shares were sold at an average price of $18.16, for a total value of $237,896.00.
USCB Financial Trading Down 3.0%
Shares of NASDAQ USCB opened at $18.25 on Tuesday. The business has a 50 day simple moving average of $18.85 and a 200 day simple moving average of $18.74. USCB Financial Holdings, Inc. has a 52 week low of $15.56 and a 52 week high of $20.78. The stock has a market cap of $333.25 million, a price-to-earnings ratio of 12.76 and a beta of 0.53. 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 issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). The business had revenue of $26.18 million for the quarter, compared to the consensus estimate of $25.95 million. USCB Financial had a net margin of 17.04% and a return on equity of 15.44%. On average, research analysts predict that USCB Financial Holdings, Inc. will post 2.02 earnings per share for the current fiscal year.
USCB Financial Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, May 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.7%. USCB Financial's dividend payout ratio (DPR) is currently 34.97%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC lifted its position in USCB Financial by 60.1% during the 4th quarter. NewEdge Advisors LLC now owns 1,700 shares of the company's stock worth $31,000 after acquiring an additional 638 shares during the last quarter. Russell Investments Group Ltd. grew its position 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 valued at $39,000 after purchasing an additional 883 shares during the last quarter. PNC Financial Services Group Inc. bought a new position in shares of USCB Financial in the first quarter worth about $41,000. BNP Paribas Financial Markets increased its stake in shares of USCB Financial by 100.3% in 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 period. Finally, Tower Research Capital LLC TRC lifted its position in shares of USCB Financial by 2,081.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,210 shares of the company's stock worth $70,000 after purchasing an additional 4,017 shares during the last quarter. Institutional investors own 61.34% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on USCB. Piper Sandler upped their price objective on shares of USCB Financial from $23.00 to $24.00 and gave the stock an "overweight" rating in a report on Tuesday, April 28th. Raymond James Financial restated a "strong-buy" rating on shares of USCB Financial in a report on Monday, April 27th. Wall Street Zen raised USCB Financial from a "sell" rating to a "hold" rating in a research report on Sunday, May 3rd. Zacks Research upgraded USCB Financial from a "strong sell" rating to a "hold" rating in a research note on Monday, March 30th. Finally, Hovde Group raised their price objective on USCB Financial from $19.50 to $20.00 and gave the company a "market perform" rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $22.00.
Get Our Latest Stock Report on USCB Financial
About USCB Financial
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
