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

USCB Financial Holdings, Inc. (NASDAQ:USCB) CFO Robert B. Anderson acquired 3,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was purchased at an average price of $11.91 per share, for a total transaction of $35,730.00. Following the completion of the purchase, the chief financial officer now directly owns 71,408 shares in the company, valued at approximately $850,469.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

USCB Financial Price Performance

Shares of USCB stock opened at $12.14 on Thursday. The stock has a market cap of $238.55 million, a price-to-earnings ratio of 15.77 and a beta of 0.35. The business’s fifty day moving average is $11.09 and its 200 day moving average is $11.46. USCB Financial Holdings, Inc. has a twelve month low of $8.88 and a twelve month high of $12.97. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.20 annualized dividend and a yield of 1.65%. USCB Financial’s payout ratio is 25.97%.

Institutional Investors Weigh In On USCB Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in USCB. LWM Advisory Services LLC purchased a new stake in USCB Financial in the third quarter worth $38,000. Salzhauer Michael purchased a new stake in shares of USCB Financial in the first quarter worth $200,000. Kennedy Capital Management LLC boosted its position in shares of USCB Financial by 7.9% during 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 last quarter. Basswood Capital Management L.L.C. purchased a new stake in shares of USCB Financial during the fourth quarter valued at $3,016,000. Finally, Pacific Ridge Capital Partners LLC boosted its position in shares of USCB Financial by 5.5% during the third quarter. Pacific Ridge Capital Partners LLC now owns 425,085 shares of the company’s stock valued at $4,468,000 after buying an additional 22,229 shares during the last quarter. 61.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on USCB. Raymond James lifted their target price on USCB Financial from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Keefe, Bruyette & Woods boosted their price objective on USCB Financial from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th.

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.