USCB Financial (NASDAQ:USCB) Director Ramon Abadin Sells 6,552 Shares

USCB Financial Holdings, Inc. (NASDAQ:USCB) Director Ramon Abadin sold 6,552 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $18.03, for a total transaction of $118,132.56. Following the sale, the director directly owned 24,561 shares in the company, valued at approximately $442,834.83. This trade represents a 21.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

USCB Financial Stock Performance

NASDAQ USCB traded up $0.08 during trading on Thursday, hitting $18.28. 4,094 shares of the company’s stock traded hands, compared to its average volume of 53,008. The stock has a market capitalization of $333.76 million, a price-to-earnings ratio of 12.74 and a beta of 0.53. USCB Financial Holdings, Inc. has a 12-month low of $15.56 and a 12-month high of $20.78. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.93 and a current ratio of 0.91. The business has a 50 day moving average of $18.82 and a 200-day moving average of $18.76.

USCB Financial (NASDAQ:USCB) last released its quarterly earnings data 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 net margin of 17.04% and a return on equity of 15.37%. As a group, equities research analysts anticipate that USCB Financial Holdings, Inc. will post 2.02 earnings per share for the current fiscal year.

USCB Financial Announces Dividend

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 issued 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 of this dividend is Friday, May 15th. USCB Financial’s dividend payout ratio is presently 34.97%.

Analysts Set New Price Targets

USCB has been the topic of several research analyst reports. Piper Sandler upped their price objective on shares of USCB Financial from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Wall Street Zen upgraded shares of USCB Financial from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Zacks Research raised USCB Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Hovde Group raised their price target on USCB Financial from $19.50 to $20.00 and gave the stock a “market perform” rating in a research note on Monday, April 27th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of USCB Financial in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Institutional Trading of USCB Financial

Hedge funds have recently bought and sold shares of the stock. TD Asset Management Inc bought a new position in shares of USCB Financial during the 3rd quarter valued at approximately $748,000. GSA Capital Partners LLP raised its stake in USCB Financial by 52.0% during the third quarter. GSA Capital Partners LLP now owns 24,530 shares of the company’s stock valued at $428,000 after purchasing an additional 8,397 shares in the last quarter. Endeavour Capital Advisors Inc. lifted its position in USCB Financial by 0.5% during the third quarter. Endeavour Capital Advisors Inc. now owns 1,247,211 shares of the company’s stock valued at $21,764,000 after purchasing an additional 6,262 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of USCB Financial by 15.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 198,845 shares of the company’s stock worth $3,687,000 after buying an additional 26,267 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of 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 worth $890,000 after buying an additional 4,711 shares during the last quarter. Hedge funds and other institutional investors own 61.34% of the company’s stock.

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.