USCB Financial (NASDAQ:USCB) Major Shareholder W Kirk Wycoff Sells 12,848 Shares

USCB Financial Holdings, Inc. (NASDAQ:USCB) major shareholder W Kirk Wycoff sold 12,848 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $18.28, for a total transaction of $234,861.44. Following the completion of the transaction, the insider directly owned 1,813,786 shares of the company’s stock, valued at $33,156,008.08. This trade represents a 0.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

W Kirk Wycoff also recently made the following trade(s):

• On Thursday, April 30th, W Kirk Wycoff sold 37,152 shares of USCB Financial stock. The stock was sold at an average price of $18.24, for a total transaction of $677,652.48.

USCB Financial Stock Up 0.6%

NASDAQ:USCB traded up $0.11 during trading hours on Friday, reaching $18.35. The company’s stock had a trading volume of 103,506 shares, compared to its average volume of 48,293. The company has a market capitalization of $335.02 million, a P/E ratio of 12.83 and a beta of 0.60. USCB Financial Holdings, Inc. has a 12 month low of $15.56 and a 12 month high of $20.78. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a 50 day moving average price of $18.96 and a two-hundred day moving average price of $18.68.

USCB Financial (NASDAQ:USCB) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The business had revenue of $26.18 million during the quarter, compared to the consensus estimate of $25.95 million. USCB Financial had a return on equity of 15.44% and a net margin of 17.04%. Equities analysts predict that USCB Financial Holdings, Inc. will post 2.02 EPS for the current fiscal year.

USCB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.50 dividend on an annualized basis and a yield of 2.7%. USCB Financial’s payout ratio is 34.97%.

Hedge Funds Weigh In On USCB Financial

Several hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC increased its position in shares of USCB Financial by 60.1% in the 4th quarter. NewEdge Advisors LLC now owns 1,700 shares of the company’s stock valued at $31,000 after acquiring an additional 638 shares during the period. Russell Investments Group Ltd. increased its position in shares of USCB Financial by 66.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company’s stock valued at $39,000 after acquiring an additional 883 shares during the period. SG Americas Securities LLC increased its position in shares of USCB Financial by 16.7% in the 1st quarter. SG Americas Securities LLC now owns 6,363 shares of the company’s stock valued at $118,000 after acquiring an additional 910 shares during the period. TD Asset Management Inc increased its position in shares of USCB Financial by 4.2% in the 4th quarter. TD Asset Management Inc now owns 44,696 shares of the company’s stock valued at $823,000 after acquiring an additional 1,810 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of USCB Financial by 100.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company’s stock valued at $65,000 after acquiring an additional 1,854 shares during the period. 61.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on USCB shares. Hovde Group upped their price target on USCB Financial from $19.50 to $20.00 and gave the stock a “market perform” rating in a research report on Monday. Zacks Research raised USCB Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Wall Street Zen downgraded USCB Financial from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of USCB Financial in a research report on Monday. Finally, Piper Sandler upped their price target on USCB Financial from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.00.

About USCB Financial

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.