USCB Financial Holdings, Inc. (NASDAQ:USCB) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC increased its holdings in shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) by 88.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,401 shares of the company’s stock after purchasing an additional 31,190 shares during the quarter. Renaissance Technologies LLC owned 0.34% of USCB Financial worth $852,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of New York Mellon Corp increased its position in 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 worth $385,000 after purchasing an additional 690 shares in the last quarter. LSV Asset Management acquired a new stake in USCB Financial during the 2nd quarter worth approximately $131,000. Dimensional Fund Advisors LP increased its position in USCB Financial by 23.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 66,649 shares of the company’s stock worth $854,000 after purchasing an additional 12,542 shares in the last quarter. Salzhauer Michael increased its position in USCB Financial by 76.4% during the 2nd quarter. Salzhauer Michael now owns 31,000 shares of the company’s stock worth $398,000 after purchasing an additional 13,428 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in USCB Financial during the 1st quarter worth approximately $358,000. Institutional investors and hedge funds own 61.34% of the company’s stock.

Insider Activity

In other news, Director Ramon A. Rodriguez acquired 6,000 shares of USCB Financial stock in a transaction that occurred on Monday, September 16th. The shares were purchased at an average cost of $14.61 per share, for a total transaction of $87,660.00. Following the completion of the purchase, the director now directly owns 12,000 shares of the company’s stock, valued at $175,320. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 48.50% of the company’s stock.

Wall Street Analysts Forecast Growth

USCB has been the subject of a number of analyst reports. Hovde Group initiated coverage on USCB Financial in a report on Monday, August 12th. They issued a “market perform” rating and a $16.00 price target for the company. Keefe, Bruyette & Woods upped their price target on USCB Financial from $14.00 to $16.50 and gave the stock an “outperform” rating in a report on Monday, July 29th.

USCB Financial Stock Down 2.9 %

NASDAQ USCB opened at $14.30 on Tuesday. The stock has a market cap of $281.00 million, a PE ratio of 18.57 and a beta of 0.39. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.81. The business has a 50 day moving average price of $14.83 and a two-hundred day moving average price of $13.04. USCB Financial Holdings, Inc. has a fifty-two week low of $10.04 and a fifty-two week high of $16.82.

USCB Financial (NASDAQ:USCB) last released its earnings results on Thursday, July 25th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.24 by $0.07. The company had revenue of $35.83 million during the quarter, compared to analysts’ expectations of $18.56 million. USCB Financial had a return on equity of 9.35% and a net margin of 13.67%. During the same period in the prior year, the business posted $0.21 EPS. As a group, sell-side analysts predict that USCB Financial Holdings, Inc. will post 1.19 EPS for the current fiscal year.

USCB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Thursday, August 15th. USCB Financial’s dividend payout ratio (DPR) is currently 25.97%.

USCB Financial 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.