Andres Collazo Sells 8,000 Shares of USCB Financial (NASDAQ:USCB) Stock

USCB Financial Holdings, Inc. (NASDAQ:USCB) EVP Andres Collazo sold 8,000 shares of the company’s stock in a transaction dated Saturday, March 7th. The stock was sold at an average price of $18.27, for a total transaction of $146,160.00. Following the completion of the transaction, the executive vice president owned 32,950 shares of the company’s stock, valued at approximately $601,996.50. This trade represents a 19.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

USCB Financial Price Performance

Shares of NASDAQ:USCB opened at $18.26 on Thursday. The firm’s 50 day moving average is $19.27 and its two-hundred day moving average is $18.26. The firm has a market capitalization of $330.69 million, a P/E ratio of 14.05 and a beta of 0.60. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.24. USCB Financial Holdings, Inc. has a 52 week low of $15.39 and a 52 week high of $20.78.

USCB Financial (NASDAQ:USCB) last issued its quarterly earnings data on Thursday, January 22nd. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.07). USCB Financial had a return on equity of 14.78% and a net margin of 16.36%.The business had revenue of $25.53 million for the quarter, compared to analyst estimates of $26.34 million. Analysts anticipate that USCB Financial Holdings, Inc. will post 1.58 earnings per share for the current year.

USCB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, February 17th. This is an increase from USCB Financial’s previous quarterly dividend of $0.10. USCB Financial’s dividend payout ratio (DPR) is presently 38.46%.

Institutional Investors Weigh In On USCB Financial

A number of institutional investors and hedge funds have recently modified their holdings of USCB. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of USCB Financial by 10.6% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 58,668 shares of the company’s stock valued at $970,000 after purchasing an additional 5,613 shares during the period. TD Asset Management Inc purchased a new position in USCB Financial in the 3rd quarter worth about $748,000. Hsbc Holdings PLC raised its holdings in USCB Financial by 25.9% during the 2nd quarter. Hsbc Holdings PLC now owns 32,875 shares of the company’s stock worth $546,000 after buying an additional 6,770 shares during the period. Salzhauer Michael lifted its stake in USCB Financial by 8.4% during the second quarter. Salzhauer Michael now owns 31,729 shares of the company’s stock valued at $525,000 after buying an additional 2,460 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in USCB Financial by 70.6% during the fourth quarter. Wells Fargo & Company MN now owns 12,993 shares of the company’s stock valued at $239,000 after buying an additional 5,378 shares in the last quarter. 61.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of USCB Financial in a research note on Monday, December 29th. Zacks Research cut shares of USCB Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

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.