Insider Selling: USCB Financial (NASDAQ:USCB) CEO Sells $904,276.20 in Stock

USCB Financial Holdings, Inc. (NASDAQ:USCB) CEO La Aguilera Luis De sold 49,414 shares of USCB Financial stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $18.30, for a total transaction of $904,276.20. Following the sale, the chief executive officer directly owned 242,945 shares of the company’s stock, valued at $4,445,893.50. The trade was a 16.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

La Aguilera Luis De also recently made the following trade(s):

• On Wednesday, May 20th, La Aguilera Luis De sold 36,826 shares of USCB Financial stock. The stock was sold at an average price of $18.15, for a total transaction of $668,391.90.
• On Tuesday, May 19th, La Aguilera Luis De sold 4,931 shares of USCB Financial stock. The stock was sold at an average price of $18.01, for a total transaction of $88,807.31.
• On Friday, May 15th, La Aguilera Luis De sold 805 shares of USCB Financial stock. The stock was sold at an average price of $18.05, for a total transaction of $14,530.25.
• On Monday, May 18th, La Aguilera Luis De sold 2,485 shares of USCB Financial stock. The stock was sold at an average price of $18.06, for a total transaction of $44,879.10.
• On Thursday, May 14th, La Aguilera Luis De sold 22,883 shares of USCB Financial stock. The stock was sold at an average price of $18.20, for a total transaction of $416,470.60.
• On Wednesday, May 13th, La Aguilera Luis De sold 19,947 shares of USCB Financial stock. The stock was sold at an average price of $18.06, for a total transaction of $360,242.82.
• On Monday, May 11th, La Aguilera Luis De sold 5,279 shares of USCB Financial stock. The stock was sold at an average price of $18.27, for a total transaction of $96,447.33.
• On Thursday, May 7th, La Aguilera Luis De sold 10,005 shares of USCB Financial stock. The stock was sold at an average price of $18.14, for a total transaction of $181,490.70.
• On Tuesday, May 5th, La Aguilera Luis De sold 16,895 shares of USCB Financial stock. The shares were sold at an average price of $18.12, for a total transaction of $306,137.40.
• On Wednesday, May 6th, La Aguilera Luis De sold 13,100 shares of USCB Financial stock. The shares were sold at an average price of $18.16, for a total transaction of $237,896.00.

USCB Financial Stock Performance

NASDAQ USCB opened at $18.62 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $340.00 million, a P/E ratio of 13.02 and a beta of 0.53. USCB Financial Holdings, Inc. has a 12-month low of $15.56 and a 12-month high of $20.78. The firm has a 50-day moving average price of $18.77 and a two-hundred day moving average price of $18.80.

USCB Financial (NASDAQ:USCB) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The business had revenue of $26.18 million during the quarter, compared to the consensus estimate of $25.95 million. USCB Financial had a net margin of 17.04% and a return on equity of 15.37%. Analysts anticipate that USCB Financial Holdings, Inc. will post 2.02 earnings per share for the current year.

USCB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.50 dividend on an annualized basis and a yield of 2.7%. USCB Financial’s payout ratio is currently 34.97%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on USCB shares. Zacks Research raised shares of USCB Financial from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Hovde Group upped their price target on shares of USCB Financial from $19.50 to $20.00 and gave the stock a “market perform” rating in a report on Monday, April 27th. Wall Street Zen raised shares of USCB Financial from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Piper Sandler upped their price target on shares of USCB Financial from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, April 28th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of USCB Financial in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, USCB Financial has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

Hedge Funds Weigh In On USCB Financial

A number of institutional investors have recently added to or reduced their stakes in USCB. Patriot Financial Partners GP II L.P. acquired a new position in USCB Financial during the 3rd quarter worth approximately $35,527,000. North Reef Capital Management LP acquired a new position in USCB Financial during the 4th quarter worth approximately $2,279,000. Mendon Capital Advisors Corp increased its position in USCB Financial by 17.9% during the 1st quarter. Mendon Capital Advisors Corp now owns 574,100 shares of the company’s stock worth $10,644,000 after purchasing an additional 86,958 shares in the last quarter. Alliancebernstein L.P. increased its position in USCB Financial by 9.0% during the 2nd quarter. Alliancebernstein L.P. now owns 973,088 shares of the company’s stock worth $16,095,000 after purchasing an additional 79,983 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its position in USCB Financial by 5.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,316,580 shares of the company’s stock worth $24,252,000 after purchasing an additional 71,728 shares in the last quarter. 61.34% of the stock is currently owned by institutional investors and hedge funds.

About USCB Financial

USCB Financial (NASDAQ: USCB) is a bank holding company headquartered in Columbia, South Carolina, serving as the parent company of United Security Bank. Established to support community banking in the Midlands region, the company focuses on relationship-driven financial services tailored to both individuals and businesses. As a regional player, USCB Financial emphasizes personalized service through a network of full-service branch offices.

The company’s core business activities include commercial and consumer lending, deposit products and alternative delivery channels.