USCB Financial (NASDAQ:USCB) Director Sells $118,132.56 in Stock

USCB Financial Holdings, Inc. (NASDAQ:USCB) Director Ramon Abadin sold 6,552 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $18.03, for a total transaction of $118,132.56. Following the completion of the transaction, the director owned 24,561 shares in the company, valued at $442,834.83. This represents a 21.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Ramon Abadin also recently made the following trade(s):

• On Thursday, May 14th, Ramon Abadin sold 9,000 shares of USCB Financial stock. The stock was sold at an average price of $18.21, for a total transaction of $163,890.00.

USCB Financial Stock Down 2.1%

Shares of USCB Financial stock opened at $17.95 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.93 and a current ratio of 0.91. USCB Financial Holdings, Inc. has a 52-week low of $15.56 and a 52-week high of $20.78. The stock has a market capitalization of $327.77 million, a price-to-earnings ratio of 12.55 and a beta of 0.53. The company’s 50 day moving average price is $18.77 and its 200-day moving average price is $18.76.

USCB Financial (NASDAQ:USCB) last issued its earnings results on Thursday, April 23rd. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). USCB Financial had a return on equity of 15.37% and a net margin of 17.04%.The firm had revenue of $26.18 million during the quarter, compared to the consensus estimate of $25.95 million. Equities research analysts forecast that USCB Financial Holdings, Inc. will post 2.02 EPS for the current year.

USCB Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 15th will be issued a $0.125 dividend. The ex-dividend date is Friday, May 15th. This represents a $0.50 annualized dividend and a dividend yield of 2.8%. USCB Financial’s dividend payout ratio (DPR) is currently 34.97%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Hovde Group raised their target price on shares of USCB Financial from $19.50 to $20.00 and gave the stock a “market perform” rating in a report on Monday, April 27th. Zacks Research upgraded shares of USCB Financial from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Piper Sandler raised their target price on shares of USCB Financial from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, April 28th. Wall Street Zen upgraded shares of USCB Financial from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of USCB Financial in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, USCB Financial has an average rating of “Moderate Buy” and an average price target of $22.00.

Institutional Trading of USCB Financial

Large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its holdings in USCB Financial by 60.1% in the fourth quarter. NewEdge Advisors LLC now owns 1,700 shares of the company’s stock valued at $31,000 after acquiring an additional 638 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in USCB Financial by 66.2% in the third 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 in the last quarter. PNC Financial Services Group Inc. bought a new stake in USCB Financial in the first quarter valued at $41,000. BNP Paribas Financial Markets boosted its holdings in USCB Financial by 100.3% in the third 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 in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in USCB Financial by 2,081.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,210 shares of the company’s stock valued at $70,000 after acquiring an additional 4,017 shares in the last quarter. Institutional investors own 61.34% of the company’s stock.

USCB Financial Company Profile

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.