Insider Selling: USCB Financial (NASDAQ:USCB) CEO Sells $88,807.31 in Stock

USCB Financial Holdings, Inc. (NASDAQ:USCB) CEO La Aguilera Luis De sold 4,931 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $18.01, for a total transaction of $88,807.31. Following the transaction, the chief executive officer directly owned 242,945 shares in the company, valued at approximately $4,375,439.45. The trade was a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, May 21st, La Aguilera Luis De sold 49,414 shares of USCB Financial stock. The shares were sold at an average price of $18.30, for a total transaction of $904,276.20.
• On Wednesday, May 20th, La Aguilera Luis De sold 36,826 shares of USCB Financial stock. The shares were sold at an average price of $18.15, for a total transaction of $668,391.90.
• On Friday, May 15th, La Aguilera Luis De sold 805 shares of USCB Financial stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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

USCB opened at $18.62 on Friday. 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 cap of $340.00 million, a price-to-earnings ratio of 13.02 and a beta of 0.53. USCB Financial Holdings, Inc. has a 52-week low of $15.56 and a 52-week high of $20.78. The firm’s fifty day simple moving average is $18.77 and its two-hundred day simple moving average is $18.79.

USCB Financial (NASDAQ:USCB) last issued its earnings results on Thursday, April 23rd. The company reported $0.47 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 analyst estimates of $25.95 million. USCB Financial had a net margin of 17.04% and a return on equity of 15.37%. Equities analysts anticipate that USCB Financial Holdings, Inc. will post 2.02 earnings per share for the current fiscal year.

USCB Financial Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on USCB. Piper Sandler increased their target price on shares of USCB Financial from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Hovde Group increased their target price on shares of USCB Financial from $19.50 to $20.00 and gave the company a “market perform” rating in a research report on Monday, April 27th. Zacks Research upgraded shares of USCB Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Raymond James Financial reiterated a “strong-buy” rating on shares of USCB Financial in a research report on Monday, April 27th. Finally, Wall Street Zen upgraded shares of USCB Financial from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. One research 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 company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

Hedge Funds Weigh In On USCB Financial

Several institutional investors and hedge funds have recently bought and sold shares of the company. Mendon Capital Advisors Corp boosted its holdings in USCB Financial by 17.9% in the 1st quarter. Mendon Capital Advisors Corp now owns 574,100 shares of the company’s stock valued at $10,644,000 after purchasing an additional 86,958 shares during the last quarter. North Reef Capital Management LP boosted its holdings in USCB Financial by 3.5% in the 1st quarter. North Reef Capital Management LP now owns 128,093 shares of the company’s stock valued at $2,375,000 after purchasing an additional 4,352 shares during the last quarter. PNC Financial Services Group Inc. acquired a new position in USCB Financial in the 1st quarter valued at about $41,000. Dimensional Fund Advisors LP boosted its holdings in USCB Financial by 15.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 198,845 shares of the company’s stock valued at $3,687,000 after purchasing an additional 26,267 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in USCB Financial by 10.9% in the 1st quarter. Bank of New York Mellon Corp now owns 48,008 shares of the company’s stock valued at $890,000 after purchasing an additional 4,711 shares during 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.