USCB Financial (NASDAQ:USCB) Trading Down 2.8% – What’s Next?

Shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) dropped 2.8% on Monday . The stock traded as low as $18.93 and last traded at $18.93. Approximately 10,718 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 20,723 shares. The stock had previously closed at $19.48.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler raised shares of USCB Financial from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $17.00 to $20.00 in a research note on Monday, November 4th.

USCB Financial Trading Down 2.8 %

The company has a market cap of $375.59 million, a PE ratio of 15.39 and a beta of 0.64. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.55. The business has a 50 day simple moving average of $18.53 and a two-hundred day simple moving average of $17.24.

USCB Financial (NASDAQ:USCB) last issued its quarterly earnings results on Thursday, January 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). USCB Financial had a return on equity of 12.14% and a net margin of 17.14%. On average, analysts forecast that USCB Financial Holdings, Inc. will post 1.58 EPS for the current fiscal year.

USCB Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Friday, February 14th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.11%. This is an increase from USCB Financial’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Friday, February 14th. USCB Financial’s payout ratio is presently 32.52%.

Hedge Funds Weigh In On USCB Financial

A number of large investors have recently bought and sold shares of the stock. Millennium Management LLC increased its holdings in shares of USCB Financial by 59.1% during the 4th quarter. Millennium Management LLC now owns 62,133 shares of the company’s stock worth $1,103,000 after buying an additional 23,072 shares during the last quarter. Bank of America Corp DE grew its position in USCB Financial by 25.9% during the fourth quarter. Bank of America Corp DE now owns 25,552 shares of the company’s stock valued at $454,000 after acquiring an additional 5,252 shares during the period. BNP Paribas Financial Markets acquired a new stake in USCB Financial during the fourth quarter worth about $36,000. Mendon Capital Advisors Corp raised its holdings in shares of USCB Financial by 7.4% in the 4th quarter. Mendon Capital Advisors Corp now owns 674,811 shares of the company’s stock worth $11,978,000 after purchasing an additional 46,206 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in shares of USCB Financial by 8.1% in the 4th quarter. Hsbc Holdings PLC now owns 21,553 shares of the company’s stock valued at $382,000 after purchasing an additional 1,613 shares in the last quarter. Hedge funds and other institutional investors own 61.34% of the company’s stock.

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.