Charles Schwab Investment Management Inc. Trims Position in USCB Financial Holdings, Inc. (NASDAQ:USCB)

Charles Schwab Investment Management Inc. reduced its position in USCB Financial Holdings, Inc. (NASDAQ:USCB) by 4.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 30,331 shares of the company’s stock after selling 1,500 shares during the period. Charles Schwab Investment Management Inc. owned about 0.15% of USCB Financial worth $463,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of USCB. LSV Asset Management purchased a new stake in shares of USCB Financial in the second quarter valued at $131,000. Hsbc Holdings PLC acquired a new stake in USCB Financial in the 2nd quarter worth about $134,000. Bank of New York Mellon Corp grew its holdings in USCB Financial by 2.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 29,990 shares of the company’s stock valued at $385,000 after buying an additional 690 shares during the period. Salzhauer Michael increased its stake in shares of USCB Financial by 76.4% during the 2nd quarter. Salzhauer Michael now owns 31,000 shares of the company’s stock valued at $398,000 after acquiring an additional 13,428 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of USCB Financial during the 3rd quarter worth about $411,000. 61.34% of the stock is currently owned by institutional investors and hedge funds.

USCB Financial Stock Down 1.7 %

Shares of NASDAQ:USCB opened at $17.35 on Friday. The stock has a 50-day simple moving average of $17.96 and a 200-day simple moving average of $15.37. The stock has a market capitalization of $344.24 million, a P/E ratio of 16.84 and a beta of 0.59. USCB Financial Holdings, Inc. has a 1 year low of $10.25 and a 1 year high of $21.86. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.91 and a current ratio of 0.91.

USCB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Friday, November 15th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, November 15th. This represents a $0.20 annualized dividend and a yield of 1.15%. USCB Financial’s dividend payout ratio is currently 19.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Raymond James upgraded shares of USCB Financial from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, November 1st. Piper Sandler raised shares of USCB Financial from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $17.00 to $20.00 in a research note on Monday, November 4th.

About USCB Financial

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.