Ramon A. Rodriguez Acquires 6,000 Shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) Stock

USCB Financial Holdings, Inc. (NASDAQ:USCB) Director Ramon A. Rodriguez purchased 6,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was bought at an average cost of $14.61 per share, for a total transaction of $87,660.00. Following the acquisition, the director now directly owns 12,000 shares of the company’s stock, valued at approximately $175,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

USCB Financial Stock Performance

Shares of USCB Financial stock traded up $0.16 during trading on Tuesday, reaching $15.22. The company’s stock had a trading volume of 6,198 shares, compared to its average volume of 24,377. The business’s fifty day moving average price is $14.60 and its 200-day moving average price is $12.64. USCB Financial Holdings, Inc. has a one year low of $10.04 and a one year high of $16.82. The firm has a market cap of $299.07 million, a price-to-earnings ratio of 19.56 and a beta of 0.39. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.93 and a current ratio of 0.93.

USCB Financial (NASDAQ:USCB) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.07. The company had revenue of $35.83 million during the quarter, compared to analysts’ expectations of $18.56 million. USCB Financial had a return on equity of 9.35% and a net margin of 13.67%. During the same period in the prior year, the business earned $0.21 earnings per share. As a group, equities research analysts predict that USCB Financial Holdings, Inc. will post 1.19 earnings per share for the current year.

USCB Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were issued a $0.05 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.20 annualized dividend and a yield of 1.31%. USCB Financial’s dividend payout ratio (DPR) is 25.97%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. LSV Asset Management acquired a new position in shares of USCB Financial in the 2nd quarter worth approximately $131,000. Hsbc Holdings PLC bought a new position in shares of USCB Financial during the second quarter valued at $134,000. Salzhauer Michael acquired a new stake in shares of USCB Financial in the 1st quarter valued at $200,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of USCB Financial in the 1st quarter worth about $358,000. Finally, Bank of New York Mellon Corp increased its position in shares of USCB Financial by 2.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 29,990 shares of the company’s stock worth $385,000 after purchasing an additional 690 shares in the last quarter. 61.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

USCB has been the subject of several analyst reports. Keefe, Bruyette & Woods upped their target price on USCB Financial from $14.00 to $16.50 and gave the company an “outperform” rating in a report on Monday, July 29th. Hovde Group began coverage on USCB Financial in a research note on Monday, August 12th. They issued a “market perform” rating and a $16.00 target price on the stock.

About USCB Financial

USCB Financial Holdings, Inc operates as the bank holding company for U.S. Century Bank that engages in the provision of various personal and business banking products and services in the United States. It accepts various deposit products, including commercial and consumer checking, money market deposit, savings, and time deposit accounts, as well as certificates of deposit.