Barclays PLC Grows Position in USCB Financial Holdings, Inc. (NASDAQ:USCB)

Barclays PLC raised its position in USCB Financial Holdings, Inc. (NASDAQ:USCB) by 57.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,400 shares of the company’s stock after buying an additional 11,866 shares during the quarter. Barclays PLC owned approximately 0.17% of USCB Financial worth $494,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Stifel Financial Corp acquired a new position in USCB Financial during the 3rd quarter worth approximately $244,000. Basswood Capital Management L.L.C. boosted its position in shares of USCB Financial by 22.6% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 550,349 shares of the company’s stock worth $8,393,000 after purchasing an additional 101,384 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of USCB Financial by 129.0% during the 3rd quarter. MetLife Investment Management LLC now owns 6,656 shares of the company’s stock worth $102,000 after purchasing an additional 3,750 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of USCB Financial in the 3rd quarter valued at about $411,000. Finally, Mendon Capital Advisors Corp lifted its stake in shares of USCB Financial by 611.6% in the second quarter. Mendon Capital Advisors Corp now owns 610,136 shares of the company’s stock valued at $7,828,000 after purchasing an additional 524,398 shares during the period. 61.34% of the stock is owned by institutional investors and hedge funds.

USCB Financial Price Performance

USCB opened at $17.50 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.55. The company’s 50-day moving average price is $18.53 and its 200 day moving average price is $15.76. USCB Financial Holdings, Inc. has a fifty-two week low of $10.25 and a fifty-two week high of $21.86. The firm has a market cap of $347.22 million, a price-to-earnings ratio of 16.99 and a beta of 0.59.

USCB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Friday, November 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 1.14%. The ex-dividend date was Friday, November 15th. USCB Financial’s dividend payout ratio is currently 19.42%.

Wall Street Analysts Forecast Growth

USCB has been the subject of a number of research analyst reports. Raymond James upgraded USCB Financial from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, November 1st. Piper Sandler upgraded shares of USCB Financial from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $17.00 to $20.00 in a research report 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.