Maltese Capital Management LLC Sells 94,323 Shares of USCB Financial Holdings, Inc. $USCB

Maltese Capital Management LLC reduced its position in USCB Financial Holdings, Inc. (NASDAQ:USCB) by 36.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 167,800 shares of the company’s stock after selling 94,323 shares during the quarter. Maltese Capital Management LLC’s holdings in USCB Financial were worth $3,091,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Patriot Financial Partners GP II L.P. bought a new position in shares of USCB Financial in the third quarter valued at approximately $35,527,000. Endeavour Capital Advisors Inc. boosted its position in shares of USCB Financial by 0.5% in the third quarter. Endeavour Capital Advisors Inc. now owns 1,247,211 shares of the company’s stock valued at $21,764,000 after acquiring an additional 6,262 shares during the period. Alliancebernstein L.P. boosted its position in shares of USCB Financial by 9.0% in the second 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 period. Mendon Capital Advisors Corp boosted its position in shares of USCB Financial by 3.1% in the second 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 period. Finally, Geode Capital Management LLC boosted its position in shares of USCB Financial by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 254,276 shares of the company’s stock valued at $4,684,000 after acquiring an additional 6,241 shares during the period. 61.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

USCB has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of USCB Financial in a research report on Friday, May 29th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of USCB Financial in a research note on Monday, April 27th. Piper Sandler raised their target price on shares of USCB Financial from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Zacks Research raised shares of USCB Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Hovde Group raised 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 note on Monday, April 27th. 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 stock. According to data from MarketBeat, USCB Financial presently has an average rating of “Moderate Buy” and an average price target of $22.00.

Insiders Place Their Bets

In other USCB Financial news, CEO La Aguilera Luis De sold 49,414 shares of USCB Financial stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $18.30, for a total transaction of $904,276.20. Following the transaction, the chief executive officer directly owned 242,945 shares of the company’s stock, valued at approximately $4,445,893.50. This trade represents a 16.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ramon Abadin sold 9,000 shares of USCB Financial stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $18.21, for a total transaction of $163,890.00. Following the transaction, the director directly owned 24,561 shares in the company, valued at $447,255.81. This trade represents a 26.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 248,122 shares of company stock valued at $4,514,106. 49.50% of the stock is currently owned by corporate insiders.

USCB Financial Trading Down 0.2%

Shares of USCB opened at $19.52 on Tuesday. The firm’s 50 day simple moving average is $18.90 and its 200 day simple moving average is $18.93. The company has a market capitalization of $356.44 million, a P/E ratio of 13.65 and a beta of 0.53. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.91 and a quick ratio of 0.91. USCB Financial Holdings, Inc. has a 1-year low of $15.56 and a 1-year high of $20.78.

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

USCB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 15th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.50 annualized dividend and a dividend yield of 2.6%. USCB Financial’s dividend payout ratio (DPR) is 34.97%.

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.