Insider Selling: USCB Financial (NASDAQ:USCB) Director Sells 9,000 Shares of Stock

USCB Financial Holdings, Inc. (NASDAQ:USCB) Director Ramon Abadin sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $18.21, for a total transaction of $163,890.00. Following the completion of the sale, the director directly owned 24,561 shares of the company’s stock, valued at approximately $447,255.81. This represents a 26.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, May 13th, Ramon Abadin sold 6,552 shares of USCB Financial stock. The shares were sold at an average price of $18.03, for a total transaction of $118,132.56.

USCB Financial Price Performance

Shares of USCB Financial stock traded down $0.43 during midday trading on Friday, reaching $17.91. The company had a trading volume of 8,745 shares, compared to its average volume of 53,589. The company has a current ratio of 0.91, a quick ratio of 0.93 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $326.96 million, a price-to-earnings ratio of 12.52 and a beta of 0.53. The stock has a fifty day simple moving average of $18.80 and a 200 day simple moving average of $18.76. USCB Financial Holdings, Inc. has a 1-year low of $15.56 and a 1-year high of $20.78.

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

USCB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, May 15th. USCB Financial’s payout ratio is currently 34.97%.

Analysts Set New Price Targets

A number of analysts have commented on USCB shares. Piper Sandler lifted 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. Zacks Research raised shares of USCB Financial from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Wall Street Zen raised shares of USCB Financial from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Hovde Group lifted 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. Finally, Raymond James Financial reaffirmed 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 assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $22.00.

Institutional Investors Weigh In On USCB Financial

Institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its position in 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 in the last quarter. Russell Investments Group Ltd. lifted its position in 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 in the last quarter. PNC Financial Services Group Inc. bought a new stake in USCB Financial in the 1st quarter valued at $41,000. BNP Paribas Financial Markets lifted its position in 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 in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in USCB Financial by 2,081.3% in the 2nd 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. 61.34% of the stock is owned by institutional investors.

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.