USCB Financial (NASDAQ:USCB) Issues Quarterly Earnings Results

USCB Financial (NASDAQ:USCB) released its earnings results on Thursday. The company reported $0.49 EPS for the quarter, meeting analysts’ consensus estimates of $0.49, FiscalAI reports. USCB Financial had a return on equity of 15.37% and a net margin of 17.04%.The firm had revenue of $27.95 million for the quarter, compared to analysts’ expectations of $26.74 million.

USCB Financial Stock Up 0.4%

USCB stock traded up $0.09 during trading on Thursday, reaching $20.27. 53,805 shares of the company traded hands, compared to its average volume of 53,892. The business has a 50 day simple moving average of $19.42 and a 200 day simple moving average of $19.20. USCB Financial has a 12 month low of $16.06 and a 12 month high of $20.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $370.13 million, a price-to-earnings ratio of 14.17 and a beta of 0.51.

USCB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 17th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, August 17th. USCB Financial’s dividend payout ratio is 34.97%.

Analyst Ratings Changes

Several equities analysts have commented on USCB shares. Raymond James Financial reaffirmed a “strong-buy” rating on shares of USCB Financial in a research 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of USCB Financial in a research report on Friday, May 29th. Wall Street Zen downgraded shares of USCB Financial from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Piper Sandler boosted their price target on USCB Financial from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, USCB Financial presently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

Insiders Place Their Bets

In other news, Director Ramon Abadin sold 9,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $18.21, for a total value of $163,890.00. Following the completion of the sale, the director owned 24,561 shares of the company’s stock, valued at $447,255.81. This trade represents a 26.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder W Kirk Wycoff sold 37,152 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $18.24, for a total value of $677,652.48. Following the transaction, the insider owned 1,826,634 shares in the company, valued at approximately $33,317,804.16. This trade represents a 1.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 248,122 shares of company stock worth $4,514,106. 27.40% of the stock is owned by corporate insiders.

Institutional Trading of USCB Financial

A number of institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC increased its stake in USCB Financial by 60.1% during the 4th quarter. NewEdge Advisors LLC now owns 1,700 shares of the company’s stock valued at $31,000 after purchasing an additional 638 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of USCB Financial by 66.2% during the third quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company’s stock valued at $39,000 after buying an additional 883 shares during the last quarter. 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. Tower Research Capital LLC TRC lifted its position in USCB Financial by 2,081.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,210 shares of the company’s stock worth $70,000 after acquiring an additional 4,017 shares during the period. Finally, First Trust Advisors LP acquired a new stake in USCB Financial during the 2nd quarter worth about $212,000. 61.34% of the stock is currently owned by institutional investors and hedge funds.

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.