Bank of New York Mellon Corp Sells 869 Shares of USCB Financial Holdings, Inc. (NASDAQ:USCB)

Bank of New York Mellon Corp lessened its holdings in shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,862 shares of the company’s stock after selling 869 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.11% of USCB Financial worth $388,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. acquired a new position in USCB Financial in the 3rd quarter valued at $411,000. MetLife Investment Management LLC grew its stake in shares of USCB Financial by 129.0% in the third quarter. MetLife Investment Management LLC now owns 6,656 shares of the company’s stock valued at $102,000 after acquiring an additional 3,750 shares in the last quarter. Basswood Capital Management L.L.C. increased its position in USCB Financial by 22.6% during the third quarter. Basswood Capital Management L.L.C. now owns 550,349 shares of the company’s stock worth $8,393,000 after acquiring an additional 101,384 shares during the period. Stifel Financial Corp acquired a new stake in USCB Financial in the 3rd quarter worth about $244,000. Finally, Barclays PLC boosted its holdings in USCB Financial by 57.8% in the 3rd quarter. Barclays PLC now owns 32,400 shares of the company’s stock valued at $494,000 after purchasing an additional 11,866 shares during the period. Institutional investors own 61.34% of the company’s stock.

USCB Financial Stock Performance

Shares of NASDAQ:USCB opened at $18.66 on Friday. The company’s 50 day moving average price is $18.88 and its two-hundred day moving average price is $17.72. USCB Financial Holdings, Inc. has a 12-month low of $10.25 and a 12-month high of $21.86. 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 cap of $374.19 million, a PE ratio of 15.17 and a beta of 0.64.

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

USCB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Friday, February 14th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, February 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.14%. This is a boost from USCB Financial’s previous quarterly dividend of $0.05. USCB Financial’s payout ratio is 32.52%.

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.