USCB Financial Holdings, Inc. (NASDAQ:USCB) Sees Large Decrease in Short Interest

USCB Financial Holdings, Inc. (NASDAQ:USCB) saw a large drop in short interest in December. As of December 15th, there was short interest totalling 47,700 shares, a drop of 15.3% from the November 30th total of 56,300 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 30,100 shares, the short-interest ratio is currently 1.6 days.

Analyst Ratings Changes

A number of research analysts have issued reports on USCB shares. Raymond James upgraded USCB Financial from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, November 1st. Piper Sandler upgraded shares of USCB Financial from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $17.00 to $20.00 in a research note on Monday, November 4th.

Hedge Funds Weigh In On USCB Financial

A number of hedge funds have recently bought and sold shares of the business. MetLife Investment Management LLC raised its holdings in shares of USCB Financial by 129.0% during the third quarter. MetLife Investment Management LLC now owns 6,656 shares of the company’s stock valued at $102,000 after purchasing an additional 3,750 shares during the last quarter. LSV Asset Management purchased a new stake in USCB Financial during the 2nd quarter valued at $131,000. Hsbc Holdings PLC bought a new position in USCB Financial in the second quarter valued at about $134,000. Stifel Financial Corp purchased a new position in shares of USCB Financial in the third quarter worth approximately $244,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of USCB Financial by 228.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,686 shares of the company’s stock worth $300,000 after acquiring an additional 13,692 shares during the last quarter. Hedge funds and other institutional investors own 61.34% of the company’s stock.

USCB Financial Stock Down 1.5 %

Shares of USCB Financial stock traded down $0.27 on Friday, reaching $17.71. The company’s stock had a trading volume of 29,336 shares, compared to its average volume of 26,405. The company has a market capitalization of $351.38 million, a price-to-earnings ratio of 17.19 and a beta of 0.59. The firm’s fifty day simple moving average is $18.30 and its two-hundred day simple moving average is $15.62. USCB Financial has a 52 week low of $10.25 and a 52 week high of $21.86. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.55.

USCB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Friday, November 15th were given a dividend of $0.05 per share. The ex-dividend date was Friday, November 15th. This represents a $0.20 annualized dividend and a dividend yield of 1.13%. USCB Financial’s dividend payout ratio (DPR) is presently 19.42%.

USCB Financial Company Profile

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.