Ramon A. Rodriguez Acquires 6,000 Shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) Stock

USCB Financial Holdings, Inc. (NASDAQ:USCB) Director Ramon A. Rodriguez acquired 6,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was acquired at an average price of $14.61 per share, with a total value of $87,660.00. Following the acquisition, the director now owns 12,000 shares in the company, valued at approximately $175,320. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

USCB Financial Stock Up 0.6 %

Shares of NASDAQ:USCB opened at $15.41 on Thursday. The firm has a market capitalization of $302.34 million, a P/E ratio of 20.01 and a beta of 0.39. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a 50 day moving average price of $14.65 and a 200-day moving average price of $12.67. USCB Financial Holdings, Inc. has a 52-week low of $10.04 and a 52-week high of $16.82.

USCB Financial (NASDAQ:USCB) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07. USCB Financial had a return on equity of 9.35% and a net margin of 13.67%. The business had revenue of $35.83 million during the quarter, compared to the consensus estimate of $18.56 million. During the same quarter in the prior year, the company earned $0.21 earnings per share. As a group, equities research analysts anticipate that USCB Financial Holdings, Inc. will post 1.19 EPS for the current fiscal year.

USCB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Thursday, August 15th. USCB Financial’s dividend payout ratio is 25.97%.

Hedge Funds Weigh In On USCB Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. LSV Asset Management bought a new stake in shares of USCB Financial in the 2nd quarter worth $131,000. Hsbc Holdings PLC bought a new stake in USCB Financial in the 2nd quarter worth about $134,000. Salzhauer Michael purchased a new position in USCB Financial in the 1st quarter worth about $200,000. Jacobs Levy Equity Management Inc. bought a new position in USCB Financial during the 1st quarter valued at about $358,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of USCB Financial by 2.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 29,990 shares of the company’s stock valued at $385,000 after acquiring an additional 690 shares during the last quarter. 61.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on USCB. Keefe, Bruyette & Woods upped their target price on USCB Financial from $14.00 to $16.50 and gave the company an “outperform” rating in a report on Monday, July 29th. Hovde Group assumed coverage on shares of USCB Financial in a report on Monday, August 12th. They issued a “market perform” rating and a $16.00 price objective for the company.

USCB Financial Company Profile

USCB Financial Holdings, Inc operates as the bank holding company for U.S. Century Bank that engages in the provision of various personal and business banking products and services in the United States. It accepts various deposit products, including commercial and consumer checking, money market deposit, savings, and time deposit accounts, as well as certificates of deposit.