Endeavour Capital Advisors Inc. Sells 189,842 Shares of USCB Financial Holdings, Inc. $USCB

Endeavour Capital Advisors Inc. reduced its holdings in USCB Financial Holdings, Inc. (NASDAQ:USCB) by 15.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,057,369 shares of the company’s stock after selling 189,842 shares during the period. USCB Financial makes up about 5.4% of Endeavour Capital Advisors Inc.’s investment portfolio, making the stock its 4th biggest position. Endeavour Capital Advisors Inc. owned approximately 0.06% of USCB Financial worth $19,477,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in USCB Financial by 66.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company’s stock worth $39,000 after acquiring an additional 883 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of USCB Financial by 100.3% during the third quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company’s stock worth $65,000 after buying an additional 1,854 shares during the period. Tower Research Capital LLC TRC boosted 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 last quarter. SG Americas Securities LLC acquired a new position in USCB Financial during the fourth quarter worth $100,000. Finally, First Trust Advisors LP bought a new position in shares of USCB Financial in the 2nd quarter valued at about $212,000. Institutional investors own 61.34% of the company’s stock.

USCB Financial Stock Performance

Shares of USCB stock opened at $18.62 on Tuesday. The stock’s fifty day simple moving average is $18.78 and its 200 day simple moving average is $18.81. USCB Financial Holdings, Inc. has a twelve month low of $15.56 and a twelve month high of $20.78. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $340.00 million, a P/E ratio of 13.02 and a beta of 0.53.

USCB Financial (NASDAQ:USCB) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). The business had revenue of $26.18 million during the quarter, compared to the consensus estimate of $25.95 million. USCB Financial had a return on equity of 15.37% and a net margin of 17.04%. As a group, sell-side analysts predict that USCB Financial Holdings, Inc. will post 2.02 EPS for the current fiscal year.

USCB Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, May 15th. USCB Financial’s dividend payout ratio is currently 34.97%.

Insider Buying and Selling

In related news, CEO La Aguilera Luis De sold 49,414 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $18.30, for a total value of $904,276.20. Following the transaction, the chief executive officer owned 242,945 shares in the company, valued at $4,445,893.50. The trade was a 16.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ramon Abadin sold 9,000 shares of USCB Financial stock in a transaction dated 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 transaction, the director directly owned 24,561 shares of the company’s stock, valued at approximately $447,255.81. This trade represents a 26.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 256,122 shares of company stock valued at $4,660,266 over the last quarter. Insiders own 49.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on USCB shares. Hovde Group raised their target price on shares of USCB Financial from $19.50 to $20.00 and gave the company a “market perform” rating in a research note on Monday, April 27th. Zacks Research raised USCB Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Wall Street Zen upgraded shares of USCB Financial from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Raymond James Financial restated a “strong-buy” rating on shares of USCB Financial in a research note on Monday, April 27th. Finally, Piper Sandler raised their target price on shares of USCB Financial from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.