USCB Financial (NASDAQ:USCB) Posts Quarterly Earnings Results, Hits Expectations

USCB Financial (NASDAQ:USCB) issued its earnings results on Thursday. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49, FiscalAI reports. USCB Financial had a return on equity of 15.37% and a net margin of 17.04%.The company had revenue of $27.95 million for the quarter, compared to the consensus estimate of $26.74 million.

USCB Financial Trading Up 3.9%

USCB stock traded up $0.80 during mid-day trading on Friday, reaching $21.16. 14,059 shares of the stock traded hands, compared to its average volume of 53,600. USCB Financial has a one year low of $16.06 and a one year high of $21.10. The stock has a market capitalization of $386.47 million, a PE ratio of 14.80 and a beta of 0.51. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91. The business has a 50-day moving average price of $19.46 and a two-hundred day moving average price of $19.21.

USCB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 17th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, August 17th. USCB Financial’s payout ratio is presently 34.97%.

Insider Activity

In related news, Director Ramon Abadin sold 9,000 shares of USCB Financial stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $18.21, for a total transaction of $163,890.00. Following the completion of the transaction, the director directly owned 24,561 shares of the company’s stock, valued at approximately $447,255.81. The trade was a 26.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO La Aguilera Luis De sold 49,414 shares of the company’s stock in a transaction dated 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 owned 242,945 shares in the company, valued at $4,445,893.50. The trade was a 16.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 248,122 shares of company stock valued at $4,514,106 in the last 90 days. Company insiders own 27.40% of the company’s stock.

Institutional Investors Weigh In On USCB Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. Patriot Financial Partners GP II L.P. purchased a new position in USCB Financial during the 3rd quarter valued at $35,527,000. North Reef Capital Management LP purchased a new stake in USCB Financial in the fourth quarter worth $2,279,000. Alliancebernstein L.P. increased its stake in USCB Financial by 9.0% in the second quarter. Alliancebernstein L.P. now owns 973,088 shares of the company’s stock worth $16,095,000 after purchasing an additional 79,983 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in shares of USCB Financial by 5.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,316,580 shares of the company’s stock worth $24,252,000 after purchasing an additional 71,728 shares during the last quarter. Finally, Gabelli Funds LLC bought a new stake in shares of USCB Financial during the second quarter worth $563,000. 61.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on USCB. Zacks Research raised shares of USCB Financial from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of USCB Financial in a research report on Friday, May 29th. Hovde Group increased 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. Raymond James Financial restated a “strong-buy” rating on shares of USCB Financial in a report on Monday, April 27th. Finally, Wall Street Zen downgraded USCB Financial from a “buy” rating to a “hold” rating in a research note on Monday. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

USCB Financial Company Profile

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.