Wellington Management Group LLP Has $11.04 Million Stock Holdings in USCB Financial Holdings, Inc. $USCB

Wellington Management Group LLP boosted its holdings in shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) by 17.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 539,779 shares of the company’s stock after purchasing an additional 81,450 shares during the quarter. Wellington Management Group LLP’s holdings in USCB Financial were worth $11,044,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in USCB. Mendon Capital Advisors Corp boosted its position in shares of USCB Financial by 17.9% in the first quarter. Mendon Capital Advisors Corp now owns 574,100 shares of the company’s stock valued at $10,644,000 after acquiring an additional 86,958 shares during the period. Dimensional Fund Advisors LP increased its position in USCB Financial by 15.2% during the first quarter. Dimensional Fund Advisors LP now owns 198,845 shares of the company’s stock worth $3,687,000 after acquiring an additional 26,267 shares during the period. PNC Financial Services Group Inc. bought a new position in USCB Financial during the first quarter worth $41,000. BNP Paribas Financial Markets raised its stake in USCB Financial by 100.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company’s stock valued at $65,000 after purchasing an additional 1,854 shares during the last quarter. Finally, Russell Investments Group Ltd. raised 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 valued at $39,000 after purchasing an additional 883 shares during the last quarter. Institutional investors and hedge funds own 61.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on USCB shares. Wall Street Zen lowered shares of USCB Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Zacks Research upgraded shares of USCB Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Keefe, Bruyette & Woods lifted their target price on USCB Financial from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Weiss Ratings restated a “buy (b)” rating on shares of USCB Financial in a research note on Wednesday, August 26th. Finally, Hovde Group raised their price objective on USCB Financial from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $24.33.

USCB Financial Stock Performance

NASDAQ:USCB opened at $23.48 on Tuesday. USCB Financial Holdings, Inc. has a 1 year low of $16.36 and a 1 year high of $23.89. The firm has a 50 day moving average of $21.69 and a 200-day moving average of $19.89. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $433.68 million, a P/E ratio of 15.45 and a beta of 0.47.

USCB Financial (NASDAQ:USCB) last announced its earnings results on Thursday, July 23rd. The company reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. The business had revenue of $27.95 million for the quarter, compared to the consensus estimate of $26.74 million. USCB Financial had a return on equity of 15.77% and a net margin of 17.24%. As a group, sell-side analysts anticipate that USCB Financial Holdings, Inc. will post 2.09 EPS for the current fiscal year.

USCB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 17th were paid a $0.125 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.50 dividend on an annualized basis and a yield of 2.1%. USCB Financial’s payout ratio is currently 32.89%.

About USCB Financial

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.