USCB Financial Holdings, Inc. (NASDAQ:USCB) Stake Trimmed by Curi RMB Capital LLC

Curi RMB Capital LLC reduced its position in shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) by 6.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 570,636 shares of the company’s stock after selling 39,500 shares during the period. Curi RMB Capital LLC’s holdings in USCB Financial were worth $8,702,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in USCB Financial by 15.4% during the first quarter. Vanguard Group Inc. now owns 436,923 shares of the company’s stock valued at $4,981,000 after acquiring an additional 58,365 shares during the period. Mendon Capital Advisors Corp increased its position in USCB Financial by 611.6% in the 2nd quarter. Mendon Capital Advisors Corp now owns 610,136 shares of the company’s stock valued at $7,828,000 after acquiring an additional 524,398 shares in the last quarter. Dimensional Fund Advisors LP raised its position in USCB Financial by 23.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 66,649 shares of the company’s stock worth $854,000 after purchasing an additional 12,542 shares during the last quarter. Endeavour Capital Advisors Inc. lifted its stake in shares of USCB Financial by 0.5% during the second quarter. Endeavour Capital Advisors Inc. now owns 1,378,028 shares of the company’s stock valued at $17,680,000 after acquiring an additional 6,747 shares during the period. Finally, LSV Asset Management bought a new position in shares of USCB Financial in the 2nd quarter valued at about $131,000. 61.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on USCB. Hovde Group started coverage on shares of USCB Financial in a research report on Monday, August 12th. They set a “market perform” rating and a $16.00 price target on the stock. Raymond James raised shares of USCB Financial from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, November 1st. Piper Sandler upgraded USCB Financial from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $17.00 to $20.00 in a report on Monday, November 4th. Finally, Keefe, Bruyette & Woods increased their price target on shares of USCB Financial from $14.00 to $16.50 and gave the company an “outperform” rating in a research note on Monday, July 29th.

Insider Buying and Selling

In other USCB Financial news, Director Ramon A. Rodriguez acquired 6,000 shares of USCB Financial stock in a transaction dated Monday, September 16th. The stock was purchased at an average cost of $14.61 per share, for a total transaction of $87,660.00. Following the completion of the acquisition, the director now directly owns 12,000 shares of the company’s stock, valued at $175,320. This represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 48.50% of the stock is owned by insiders.

USCB Financial Trading Down 1.8 %

NASDAQ USCB opened at $20.20 on Friday. The business’s fifty day moving average is $15.55 and its 200 day moving average is $14.05. USCB Financial Holdings, Inc. has a twelve month low of $10.25 and a twelve month high of $21.86. The company has a market cap of $396.32 million, a price-to-earnings ratio of 19.61 and a beta of 0.40. The company has a quick ratio of 0.93, a current ratio of 0.91 and a debt-to-equity ratio of 0.55.

USCB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Friday, November 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, November 15th. USCB Financial’s dividend payout ratio is presently 19.42%.

USCB Financial 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.