USCB Financial (NASDAQ:USCB) Director Ramon Rodriguez Buys 1,000 Shares of Stock

USCB Financial Holdings, Inc. (NASDAQ:USCB) Director Ramon Rodriguez acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 30th. The stock was bought at an average cost of $20.00 per share, for a total transaction of $20,000.00. Following the completion of the transaction, the director directly owned 1,000 shares in the company, valued at $20,000. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

USCB Financial Price Performance

Shares of NASDAQ USCB opened at $19.88 on Friday. The firm has a market cap of $367.18 million, a PE ratio of 12.58 and a beta of 0.45. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.20. USCB Financial Holdings, Inc. has a 1-year low of $17.00 and a 1-year high of $23.89. The company has a fifty day moving average price of $22.24 and a 200 day moving average price of $20.28.

USCB Financial (NASDAQ:USCB) last released its earnings results on Thursday, October 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). USCB Financial had a return on equity of 15.76% and a net margin of 17.44%. The firm had revenue of $26.97 million for the quarter, compared to the consensus estimate of $29.18 million. Research analysts predict that USCB Financial Holdings, Inc. will post 2.01 earnings per share for the current fiscal year.

USCB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Monday, November 16th will be given a dividend of $0.1250 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, November 16th. USCB Financial’s dividend payout ratio is currently 31.65%.

Analysts Set New Price Targets

USCB has been the topic of a number of recent research reports. Piper Sandler dropped their target price on USCB Financial from $27.00 to $24.00 and set an “overweight” rating on the stock in a research report on Tuesday. Hovde Group boosted their target price on USCB Financial from $20.00 to $22.00 and gave the company a “market perform” rating in a research note on Monday, July 27th. Raymond James Financial downgraded USCB Financial from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $25.00 to $23.00 in a research report on Monday. Zacks Research cut shares of USCB Financial from a “hold” rating to a “strong sell” rating in a research note on Monday, October 26th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of USCB Financial from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.25.

Hedge Funds Weigh In On USCB Financial

Large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. bought a new stake in USCB Financial during the first quarter worth about $41,000. Integrated Wealth Concepts LLC acquired a new position in USCB Financial during the second quarter valued at approximately $59,000. SG Americas Securities LLC boosted its position in USCB Financial by 16.7% during the first quarter. SG Americas Securities LLC now owns 6,363 shares of the company’s stock valued at $118,000 after purchasing an additional 910 shares during the last quarter. WASHINGTON TRUST Co bought a new position in USCB Financial in the third quarter valued at approximately $218,000. Finally, Odyssean LLC bought a new position in USCB Financial in the second quarter valued at approximately $270,000. 61.34% of the stock is currently owned by institutional investors and hedge funds.

USCB Financial Company Profile

USCB Financial Corp. is the bank holding company for U.S. Century Bank, a community bank headquartered in South Florida. The bank provides financial products and services to individuals, businesses, professionals and nonprofit organizations in the region, with a particular focus on the Miami-Dade County market and surrounding South Florida communities.

U.S. Century Bank offers deposit accounts, commercial and residential real estate loans, commercial and industrial lending, consumer loans and small business financing.