Barclays PLC Purchases 11,866 Shares of USCB Financial Holdings, Inc. (NASDAQ:USCB)

Barclays PLC raised its position in shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) by 57.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,400 shares of the company’s stock after acquiring an additional 11,866 shares during the quarter. Barclays PLC owned about 0.16% of USCB Financial worth $494,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp grew its stake in USCB Financial by 2.4% during the second 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 during the period. Geode Capital Management LLC lifted its stake in USCB Financial by 1.4% in the third quarter. Geode Capital Management LLC now owns 237,892 shares of the company’s stock valued at $3,628,000 after buying an additional 3,250 shares during the period. MetLife Investment Management LLC boosted its holdings 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 buying an additional 3,750 shares in the last quarter. Endeavour Capital Advisors Inc. grew its position in shares of USCB Financial by 0.5% during the 2nd quarter. Endeavour Capital Advisors Inc. now owns 1,378,028 shares of the company’s stock worth $17,680,000 after buying an additional 6,747 shares during the period. Finally, Hsbc Holdings PLC bought a new stake in shares of USCB Financial in the 2nd quarter valued at $134,000. 61.34% of the stock is currently owned by institutional investors and hedge funds.

USCB Financial Price Performance

Shares of NASDAQ:USCB opened at $18.20 on Friday. USCB Financial Holdings, Inc. has a twelve month low of $10.25 and a twelve month high of $21.86. The stock’s 50 day moving average is $18.83 and its 200-day moving average is $16.12. 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 firm has a market capitalization of $361.09 million, a price-to-earnings ratio of 17.67 and a beta of 0.64.

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 $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend was Friday, November 15th. USCB Financial’s dividend payout ratio (DPR) is 19.42%.

Wall Street Analyst Weigh In

USCB has been the topic of a number of research reports. Piper Sandler upgraded shares of USCB Financial from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $17.00 to $20.00 in a research report on Monday, November 4th. Raymond James upgraded shares of USCB Financial from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, November 1st.

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.