16,015 Shares in USCB Financial Holdings, Inc. (NASDAQ:USCB) Purchased by Stifel Financial Corp

Stifel Financial Corp acquired a new position in shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 16,015 shares of the company’s stock, valued at approximately $244,000. Stifel Financial Corp owned approximately 0.08% of USCB Financial at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of USCB. Mendon Capital Advisors Corp raised its position in shares of USCB Financial by 611.6% during the 2nd quarter. Mendon Capital Advisors Corp now owns 610,136 shares of the company’s stock valued at $7,828,000 after buying an additional 524,398 shares in the last quarter. Basswood Capital Management L.L.C. raised 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 valued at $8,393,000 after purchasing an additional 101,384 shares during the period. Renaissance Technologies LLC lifted its stake in shares of USCB Financial by 88.6% in the 2nd quarter. Renaissance Technologies LLC now owns 66,401 shares of the company’s stock valued at $852,000 after purchasing an additional 31,190 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of USCB Financial in the 3rd quarter worth approximately $411,000. Finally, Salzhauer Michael increased its position 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 purchasing an additional 13,428 shares during the last quarter. Institutional investors own 61.34% of the company’s stock.

USCB Financial Trading Down 1.5 %

Shares of USCB opened at $17.71 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $351.38 million, a price-to-earnings ratio of 17.19 and a beta of 0.59. The company has a 50-day moving average of $18.30 and a 200 day moving average of $15.62. USCB Financial Holdings, Inc. has a 1-year low of $10.25 and a 1-year high of $21.86.

USCB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Friday, November 15th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Friday, November 15th. USCB Financial’s dividend payout ratio (DPR) is presently 19.42%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on USCB. Piper Sandler raised shares of USCB Financial from a “neutral” rating to an “overweight” rating and increased their target price for the company from $17.00 to $20.00 in a research note on Monday, November 4th. Raymond James raised shares of USCB Financial from a “moderate buy” rating to a “strong-buy” rating in a research 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.