USCB Financial Holdings, Inc. (NASDAQ:USCB) CFO Robert B. Anderson Purchases 3,000 Shares of Stock

USCB Financial Holdings, Inc. (NASDAQ:USCB) CFO Robert B. Anderson bought 3,000 shares of USCB Financial stock in a transaction that occurred on Monday, May 6th. The stock was bought at an average cost of $11.91 per share, for a total transaction of $35,730.00. Following the purchase, the chief financial officer now owns 71,408 shares in the company, valued at approximately $850,469.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

USCB Financial Trading Up 5.5 %

Shares of USCB Financial stock opened at $12.55 on Wednesday. The firm has a market cap of $246.61 million, a PE ratio of 16.30 and a beta of 0.35. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.95. USCB Financial Holdings, Inc. has a fifty-two week low of $8.81 and a fifty-two week high of $12.97. The business’s fifty day moving average is $11.03 and its two-hundred day moving average is $11.44.

USCB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Tuesday, May 14th. USCB Financial’s payout ratio is 25.97%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on USCB shares. Raymond James increased 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 raised their price target on shares of USCB Financial from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Mendon Capital Advisors Corp purchased a new position in shares of USCB Financial in the 4th quarter worth $10,306,000. Basswood Capital Management L.L.C. purchased a new position in shares of USCB Financial in the 4th quarter worth about $3,016,000. Pacific Ridge Capital Partners LLC lifted its stake in shares of USCB Financial by 7.3% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 456,323 shares of the company’s stock valued at $5,590,000 after purchasing an additional 31,238 shares in the last quarter. Salzhauer Michael purchased a new stake in shares of USCB Financial during the 1st quarter worth about $200,000. Finally, Kennedy Capital Management LLC raised its holdings in USCB Financial by 7.9% in the third quarter. Kennedy Capital Management LLC now owns 71,717 shares of the company’s stock valued at $754,000 after buying an additional 5,243 shares during the period. Institutional investors and hedge funds own 61.34% of the company’s stock.

USCB Financial Company 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.