JPMorgan Chase & Co. Buys 13,692 Shares of USCB Financial Holdings, Inc. (NASDAQ:USCB)

JPMorgan Chase & Co. increased its position in USCB Financial Holdings, Inc. (NASDAQ:USCB) by 228.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,686 shares of the company’s stock after purchasing an additional 13,692 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.10% of USCB Financial worth $300,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Basswood Capital Management L.L.C. increased its stake in shares of 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 buying an additional 101,384 shares during the period. Renaissance Technologies LLC grew its holdings in USCB Financial by 88.6% during the 2nd quarter. Renaissance Technologies LLC now owns 66,401 shares of the company’s stock worth $852,000 after acquiring an additional 31,190 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in USCB Financial during the 3rd quarter valued at about $411,000. Stifel Financial Corp bought a new stake in shares of USCB Financial in the 3rd quarter valued at about $244,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of USCB Financial by 23.2% during the second quarter. Dimensional Fund Advisors LP now owns 66,649 shares of the company’s stock valued at $854,000 after purchasing an additional 12,542 shares in the last quarter. 61.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on USCB. Piper Sandler raised 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 report on Monday, November 4th. Raymond James raised USCB Financial from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, November 1st.

USCB Financial Price Performance

Shares of USCB opened at $19.37 on Friday. The company has a 50 day moving average of $18.60 and a two-hundred day moving average of $16.56. The company has a market cap of $384.30 million, a price-to-earnings ratio of 18.81 and a beta of 0.64. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.55. USCB Financial Holdings, Inc. has a twelve month low of $10.25 and a twelve month high of $21.86.

USCB Financial (NASDAQ:USCB) last released its earnings results on Thursday, January 23rd. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). USCB Financial had a return on equity of 10.55% and a net margin of 15.12%. As a group, analysts predict that USCB Financial Holdings, Inc. will post 1.26 earnings per share for the current fiscal year.

USCB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Friday, February 14th will be issued a $0.10 dividend. The ex-dividend date is Friday, February 14th. This is a positive change from USCB Financial’s previous quarterly dividend of $0.05. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.07%. USCB Financial’s dividend payout ratio is currently 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.