USCB Financial (NASDAQ:USCB) Posts Quarterly Earnings Results, Hits Estimates

USCB Financial (NASDAQ:USCB) released its earnings results on Thursday. The company reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49, FiscalAI reports. The business had revenue of $27.95 million for the quarter, compared to the consensus estimate of $26.74 million. USCB Financial had a net margin of 17.04% and a return on equity of 15.37%.

USCB Financial Stock Up 0.9%

Shares of NASDAQ:USCB traded up $0.19 during midday trading on Thursday, hitting $20.37. 53,804 shares of the stock were exchanged, compared to its average volume of 53,669. The company has a market capitalization of $371.96 million, a PE ratio of 14.24 and a beta of 0.51. USCB Financial has a 52-week low of $16.06 and a 52-week high of $20.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91. The business’s fifty day simple moving average is $19.42 and its two-hundred day simple moving average is $19.20.

USCB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 17th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.5%. USCB Financial’s dividend payout ratio is 34.97%.

Insider Buying and Selling at USCB Financial

In other news, major shareholder W Kirk Wycoff sold 37,152 shares of USCB Financial stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $18.24, for a total transaction of $677,652.48. Following the completion of the sale, the insider directly owned 1,826,634 shares in the company, valued at $33,317,804.16. The trade was a 1.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ramon Abadin sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $18.21, for a total value of $163,890.00. Following the completion of the sale, the director directly owned 24,561 shares of the company’s stock, valued at approximately $447,255.81. The trade was a 26.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 248,122 shares of company stock worth $4,514,106 over the last 90 days. 27.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Patriot Financial Partners GP II L.P. bought a new position in shares of USCB Financial during the 3rd quarter valued at $35,527,000. T. Rowe Price Investment Management Inc. boosted its stake in shares of 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 acquiring an additional 71,728 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of USCB Financial by 9.0% during the 2nd quarter. Alliancebernstein L.P. now owns 973,088 shares of the company’s stock valued at $16,095,000 after acquiring an additional 79,983 shares during the last quarter. Mendon Capital Advisors Corp increased its holdings in shares of USCB Financial by 3.1% during the 2nd quarter. Mendon Capital Advisors Corp now owns 691,048 shares of the company’s stock valued at $11,430,000 after acquiring an additional 20,870 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in USCB Financial by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 254,276 shares of the company’s stock worth $4,684,000 after purchasing an additional 6,241 shares during the last quarter. Institutional investors and hedge funds own 61.34% of the company’s stock.

Analysts Set New Price Targets

USCB has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of USCB Financial in a research note on Friday, May 29th. Zacks Research raised USCB Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Wall Street Zen downgraded USCB Financial from a “buy” rating to a “hold” rating in a report on Monday. Raymond James Financial reissued a “strong-buy” rating on shares of USCB Financial in a research report on Monday, April 27th. Finally, Hovde Group lifted their target price on USCB Financial from $19.50 to $20.00 and gave the company a “market perform” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

USCB Financial Company Profile

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.