Insider Selling: USCB Financial (NASDAQ:USCB) Director Sells 9,000 Shares of Stock

Key Points

  • USCB Financial CEO La Aguilera Luis De sold 19,947 shares on May 13 at an average price of $18.06, generating about $360,243. After the sale, he still owned 242,945 shares valued at roughly $4.39 million.
  • The CEO has made several additional stock sales in recent days, including transactions on May 14, May 11, May 7, May 6, and May 5, indicating a broader pattern of insider selling.
  • USCB Financial recently reported mixed quarterly results, with EPS of $0.47 missing estimates by $0.01, while revenue of $26.18 million slightly topped expectations. The company also announced a quarterly dividend of $0.125 per share, yielding about 2.8% annually.

USCB Financial Holdings, Inc. (NASDAQ:USCB - Get Free Report) Director Ramon Abadin sold 9,000 shares of the firm's stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $18.21, for a total value of $163,890.00. Following the completion of the sale, the director owned 24,561 shares of the company's stock, valued at approximately $447,255.81. This represents a 26.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ramon Abadin also recently made the following trade(s):

  • On Wednesday, May 13th, Ramon Abadin sold 6,552 shares of USCB Financial stock. The shares were sold at an average price of $18.03, for a total value of $118,132.56.

USCB Financial Stock Performance

Shares of USCB opened at $17.95 on Friday. The company has a market cap of $327.84 million, a PE ratio of 12.55 and a beta of 0.53. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.91 and a quick ratio of 0.93. USCB Financial Holdings, Inc. has a one year low of $15.56 and a one year high of $20.78. The stock has a 50-day moving average of $18.77 and a 200-day moving average of $18.76.

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 analysts' consensus estimates of $0.48 by ($0.01). The company had revenue of $26.18 million for the quarter, compared to analyst estimates of $25.95 million. USCB Financial had a net margin of 17.04% and a return on equity of 15.37%. On average, equities research analysts predict that USCB Financial Holdings, Inc. will post 2.02 EPS for the current fiscal year.

USCB Financial Dividend Announcement




The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be paid 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 yield of 2.8%. USCB Financial's payout ratio is 34.97%.

Institutional Investors Weigh In On USCB Financial

Large investors have recently made changes to their positions in the business. NewEdge Advisors LLC increased its position in shares of 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 purchasing an additional 638 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of USCB Financial by 66.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company's stock worth $39,000 after purchasing an additional 883 shares during the last quarter. PNC Financial Services Group Inc. purchased a new stake in shares of USCB Financial during the 1st quarter worth approximately $41,000. BNP Paribas Financial Markets raised its holdings in shares of USCB Financial by 100.3% in the 3rd 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 stake in USCB Financial by 2,081.3% in 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 last quarter. 61.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

USCB has been the subject of a number of analyst reports. Wall Street Zen upgraded USCB Financial from a "sell" rating to a "hold" rating in a research note on Sunday, May 3rd. Raymond James Financial reiterated a "strong-buy" rating on shares of USCB Financial in a research note on Monday, April 27th. Zacks Research upgraded USCB Financial from a "strong sell" rating to a "hold" rating in a research note on Monday, March 30th. Piper Sandler lifted their target price on shares of USCB Financial from $23.00 to $24.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 28th. Finally, Hovde Group lifted their target price on shares of USCB Financial from $19.50 to $20.00 and gave the stock a "market perform" rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $22.00.

View Our Latest Analysis 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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