Key Points
- Director Ramon Abadin sold 6,552 shares of USCB Financial on May 13 at an average price of $18.03, totaling about $118,133. After the sale, he still owned 24,561 shares, a 21.06% reduction in his holdings.
- USCB Financial shares were trading up 0.8% to $18.34, giving the company a market cap of about $334.9 million. The stock has traded between $15.56 and $20.78 over the past year.
- The company recently reported mixed results and a dividend: Q1 EPS came in at $0.47, missing estimates by one cent, while revenue slightly beat expectations at $26.18 million. USCB also declared a quarterly dividend of $0.125 per share, or $0.50 annualized, for a 2.7% yield.
USCB Financial Holdings, Inc. (NASDAQ:USCB - Get Free Report) Director Ramon Abadin sold 6,552 shares of USCB Financial stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $18.03, for a total transaction of $118,132.56. Following the transaction, the director directly owned 24,561 shares in the company, valued at $442,834.83. This trade represents a 21.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
USCB Financial Trading Up 0.8%
USCB stock opened at $18.34 on Friday. The company has a market capitalization of $334.89 million, a PE ratio of 12.83 and a beta of 0.53. USCB Financial Holdings, Inc. has a one year low of $15.56 and a one year high of $20.78. The company's 50 day moving average price is $18.80 and its two-hundred day moving average price is $18.76. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.93 and a current ratio of 0.91.
USCB Financial (NASDAQ:USCB - Get Free Report) last posted 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). USCB Financial had a net margin of 17.04% and a return on equity of 15.37%. The business had revenue of $26.18 million for the quarter, compared to analysts' expectations of $25.95 million. As a group, 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. Shareholders of record on Friday, May 15th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, May 15th. USCB Financial's dividend payout ratio is presently 34.97%.
Hedge Funds Weigh In On USCB Financial
Several hedge funds and other institutional investors have recently modified their holdings of USCB. Patriot Financial Partners GP II L.P. bought a new position in shares of USCB Financial during the third quarter valued at about $35,527,000. North Reef Capital Management LP purchased a new position in shares of USCB Financial during the fourth quarter valued at about $2,279,000. Alliancebernstein L.P. increased its position in shares of USCB Financial by 9.0% during the second quarter. Alliancebernstein L.P. now owns 973,088 shares of the company's stock valued at $16,095,000 after buying an additional 79,983 shares during the period. T. Rowe Price Investment Management Inc. increased its position in shares of USCB Financial by 5.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,316,580 shares of the company's stock valued at $24,252,000 after buying an additional 71,728 shares during the period. Finally, TD Asset Management Inc purchased a new position in shares of USCB Financial during the third quarter valued at about $748,000. 61.34% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Hovde Group upped their price target on shares of USCB Financial from $19.50 to $20.00 and gave the company a "market perform" rating in a research report on Monday, April 27th. Raymond James Financial restated a "strong-buy" rating on shares of USCB Financial in a research report on Monday, April 27th. Wall Street Zen raised shares of USCB Financial from a "sell" rating to a "hold" rating in a research note on Sunday, May 3rd. Piper Sandler upped their price objective on shares of USCB Financial from $23.00 to $24.00 and gave the company an "overweight" rating in a research note on Tuesday, April 28th. Finally, Zacks Research raised shares of USCB Financial from a "strong sell" rating to a "hold" rating in a research note on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, USCB Financial currently has an average rating of "Moderate Buy" and a consensus target price of $22.00.
Check Out Our Latest Research Report on USCB
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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