USCB Financial Holdings, Inc. (NASDAQ:USCB) Shares Sold by Banc Funds Co. LLC

Banc Funds Co. LLC decreased its position in shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) by 10.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 149,230 shares of the company’s stock after selling 17,100 shares during the quarter. Banc Funds Co. LLC’s holdings in USCB Financial were worth $2,276,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. MetLife Investment Management LLC grew its position in shares of USCB Financial by 129.0% during the third quarter. MetLife Investment Management LLC now owns 6,656 shares of the company’s stock worth $102,000 after acquiring an additional 3,750 shares during the last quarter. LSV Asset Management acquired a new stake in USCB Financial during the 2nd quarter worth $131,000. Hsbc Holdings PLC purchased a new position in USCB Financial during the 2nd quarter worth $134,000. Bank of New York Mellon Corp increased its stake in USCB Financial by 2.4% in the second quarter. Bank of New York Mellon Corp now owns 29,990 shares of the company’s stock valued at $385,000 after purchasing an additional 690 shares during the period. Finally, Salzhauer Michael increased its stake in USCB Financial by 76.4% in the second quarter. Salzhauer Michael now owns 31,000 shares of the company’s stock valued at $398,000 after purchasing an additional 13,428 shares during the period. Institutional investors and hedge funds own 61.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Hovde Group assumed coverage on USCB Financial in a report on Monday, August 12th. They set a “market perform” rating and a $16.00 price target on the stock. Piper Sandler upgraded USCB Financial from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $17.00 to $20.00 in a research note on Monday, November 4th. Finally, Raymond James raised USCB Financial from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, November 1st.

Insider Transactions at USCB Financial

In other USCB Financial news, Director Ramon A. Rodriguez acquired 6,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were purchased at an average price of $14.61 per share, with a total value of $87,660.00. Following the completion of the acquisition, the director now directly owns 12,000 shares of the company’s stock, valued at approximately $175,320. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 48.50% of the company’s stock.

USCB Financial Trading Up 0.4 %

Shares of USCB Financial stock opened at $20.48 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.55. The firm has a market cap of $406.32 million, a price-to-earnings ratio of 19.88 and a beta of 0.40. USCB Financial Holdings, Inc. has a 52-week low of $10.25 and a 52-week high of $21.86. The company’s 50-day simple moving average is $16.73 and its 200-day simple moving average is $14.70.

USCB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Friday, November 15th. USCB Financial’s dividend payout ratio (DPR) is 19.42%.

About USCB Financial

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.