Insider Selling: USCB Financial (NASDAQ:USCB) Major Shareholder Sells $677,652.48 in Stock

USCB Financial Holdings, Inc. (NASDAQ:USCB) major shareholder W Kirk Wycoff sold 37,152 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $18.24, for a total value of $677,652.48. Following the sale, the insider 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 legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

W Kirk Wycoff also recently made the following trade(s):

• On Friday, May 1st, W Kirk Wycoff sold 12,848 shares of USCB Financial stock. The stock was sold at an average price of $18.28, for a total value of $234,861.44.

USCB Financial Price Performance

Shares of USCB stock opened at $18.35 on Monday. The stock’s fifty day moving average is $18.96 and its 200-day moving average is $18.70. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $335.02 million, a PE ratio of 12.83 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.

USCB Financial (NASDAQ:USCB) last announced its 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). USCB Financial had a return on equity of 15.44% and a net margin of 17.04%.The business had revenue of $26.18 million for the quarter, compared to the consensus estimate of $25.95 million. Equities research analysts expect that USCB Financial Holdings, Inc. will post 2.02 EPS for the current fiscal year.

USCB Financial Dividend Announcement

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

Hedge Funds Weigh In On USCB Financial

Several hedge funds have recently added to or reduced their stakes in USCB. NewEdge Advisors LLC lifted its stake in USCB Financial by 60.1% in the fourth quarter. NewEdge Advisors LLC now owns 1,700 shares of the company’s stock valued at $31,000 after buying an additional 638 shares during the period. Russell Investments Group Ltd. lifted its stake in USCB Financial by 66.2% in the third quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company’s stock valued at $39,000 after buying an additional 883 shares during the period. BNP Paribas Financial Markets lifted its stake in USCB Financial by 100.3% in the third quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company’s stock valued at $65,000 after buying an additional 1,854 shares during the period. Tower Research Capital LLC TRC lifted its stake in USCB Financial by 2,081.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,210 shares of the company’s stock valued at $70,000 after buying an additional 4,017 shares during the period. Finally, SG Americas Securities LLC acquired a new position in USCB Financial in the fourth quarter valued at about $100,000. 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 research reports. Hovde Group upped their price target 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. Wall Street Zen raised USCB Financial from a “sell” rating to a “hold” rating in a research note on Sunday. Raymond James Financial reaffirmed a “strong-buy” rating on shares of USCB Financial in a research note on Monday, April 27th. Piper Sandler upped their price target on USCB Financial from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Finally, Zacks Research raised USCB Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, USCB Financial currently has an average rating of “Moderate Buy” and an average target price of $22.00.

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.