Geode Capital Management LLC Raises Holdings in USCB Financial Holdings, Inc. (NASDAQ:USCB)

Geode Capital Management LLC grew its position in USCB Financial Holdings, Inc. (NASDAQ:USCB) by 1.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 237,892 shares of the company’s stock after purchasing an additional 3,250 shares during the quarter. Geode Capital Management LLC owned approximately 1.21% of USCB Financial worth $3,628,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MetLife Investment Management LLC boosted its holdings 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 during the period. LSV Asset Management acquired a new position in shares of USCB Financial during the 2nd quarter worth $131,000. Hsbc Holdings PLC purchased a new stake in shares of USCB Financial in the second quarter valued at about $134,000. Stifel Financial Corp acquired a new stake in USCB Financial during the 3rd quarter valued at $244,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of USCB Financial during the third quarter valued at $411,000. 61.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

USCB has been the topic of several recent 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 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.

USCB Financial Stock Performance

Shares of USCB opened at $17.51 on Tuesday. The company has a market capitalization of $347.42 million, a PE ratio of 17.00 and a beta of 0.64. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.91 and a current ratio of 0.91. The company’s 50 day moving average price is $18.65 and its 200 day moving average price is $15.89. USCB Financial Holdings, Inc. has a 52 week low of $10.25 and a 52 week high of $21.86.

USCB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Friday, November 15th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.14%. The ex-dividend date was Friday, November 15th. USCB Financial’s dividend payout ratio is 19.42%.

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.