Insider Buying: USCB Financial Holdings, Inc. (NASDAQ:USCB) CFO Acquires 5,000 Shares of Stock

USCB Financial Holdings, Inc. (NASDAQ:USCBGet Free Report) CFO Robert B. Anderson purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was bought at an average cost of $12.13 per share, for a total transaction of $60,650.00. Following the completion of the acquisition, the chief financial officer now directly owns 79,408 shares of the company’s stock, valued at $963,219.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

USCB Financial Price Performance

Shares of USCB opened at $12.49 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.91 and a quick ratio of 0.93. The company has a market cap of $245.55 million, a P/E ratio of 16.22 and a beta of 0.35. USCB Financial Holdings, Inc. has a 12 month low of $9.30 and a 12 month high of $12.97. The stock has a fifty day moving average price of $11.26 and a 200 day moving average price of $11.55.

USCB Financial (NASDAQ:USCBGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The business had revenue of $17.62 million for the quarter, compared to analysts’ expectations of $17.23 million. USCB Financial had a net margin of 13.08% and a return on equity of 8.50%. On average, research analysts forecast that USCB Financial Holdings, Inc. will post 1 earnings per share for the current year.

USCB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.60%. USCB Financial’s dividend payout ratio is presently 25.97%.

Institutional Trading of USCB Financial

Several large investors have recently added to or reduced their stakes in USCB. LWM Advisory Services LLC acquired a new stake in shares of USCB Financial in the 3rd quarter worth approximately $38,000. Salzhauer Michael bought a new stake in USCB Financial during the first quarter worth approximately $200,000. Jacobs Levy Equity Management Inc. acquired a new stake in USCB Financial in the first quarter worth approximately $358,000. Kennedy Capital Management LLC boosted its stake in USCB Financial by 7.9% during the 3rd quarter. Kennedy Capital Management LLC now owns 71,717 shares of the company’s stock valued at $754,000 after purchasing an additional 5,243 shares in the last quarter. Finally, Basswood Capital Management L.L.C. acquired a new position in shares of USCB Financial during the 4th quarter valued at $3,016,000. 61.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on USCB shares. Raymond James upped their price objective on USCB Financial from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Keefe, Bruyette & Woods boosted their price objective on shares of USCB Financial from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th.

Get Our Latest Stock Report on USCB Financial

USCB Financial Company Profile

(Get Free Report)

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.

Featured Articles

Insider Buying and Selling by Quarter for USCB Financial (NASDAQ:USCB)

Receive News & Ratings for USCB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USCB Financial and related companies with MarketBeat.com's FREE daily email newsletter.