Insider Selling: USCB Financial (NASDAQ:USCB) Major Shareholder Sells $234,861.44 in Stock

USCB Financial Holdings, Inc. (NASDAQ:USCB) major shareholder W Kirk Wycoff sold 12,848 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $18.28, for a total value of $234,861.44. Following the sale, the insider owned 1,813,786 shares of the company’s stock, valued at $33,156,008.08. The trade was a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

W Kirk Wycoff also recently made the following trade(s):

• On Thursday, April 30th, W Kirk Wycoff sold 37,152 shares of USCB Financial stock. The stock was sold at an average price of $18.24, for a total value of $677,652.48.

USCB Financial Price Performance

NASDAQ USCB opened at $18.35 on Monday. The business has a fifty day moving average price of $18.96 and a two-hundred day moving average price of $18.70. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.93 and a quick ratio of 0.93. USCB Financial Holdings, Inc. has a fifty-two week low of $15.56 and a fifty-two week high of $20.78. The stock has a market capitalization of $335.02 million, a PE ratio of 12.83 and a beta of 0.53.

USCB Financial (NASDAQ:USCB) last released its earnings results 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). USCB Financial had a return on equity of 15.44% and a net margin of 17.04%.The business had revenue of $26.18 million for the quarter, compared to the consensus estimate of $25.95 million. Equities analysts expect that USCB Financial Holdings, Inc. will post 2.02 earnings per share for the current fiscal year.

USCB Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

USCB has been the subject of several research analyst reports. Piper Sandler upped their price target on shares of USCB Financial from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, April 28th. Zacks Research upgraded shares of USCB Financial from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Raymond James Financial reiterated a “strong-buy” rating on shares of USCB Financial in a report on Monday, April 27th. Hovde Group upped their price target on shares of USCB Financial from $19.50 to $20.00 and gave the stock a “market perform” rating in a report on Monday, April 27th. Finally, Wall Street Zen upgraded shares of USCB Financial from a “sell” rating to a “hold” rating in a report on Sunday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, USCB Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC increased its holdings in shares of USCB Financial by 16.7% during the first quarter. SG Americas Securities LLC now owns 6,363 shares of the company’s stock worth $118,000 after buying an additional 910 shares in the last quarter. Hsbc Holdings PLC raised its position in USCB Financial by 11.9% during the 4th quarter. Hsbc Holdings PLC now owns 48,305 shares of the company’s stock worth $888,000 after purchasing an additional 5,148 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in USCB Financial by 5.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,316,580 shares of the company’s stock worth $24,252,000 after purchasing an additional 71,728 shares during the last quarter. NewEdge Advisors LLC raised its position in USCB Financial by 60.1% during the 4th quarter. NewEdge Advisors LLC now owns 1,700 shares of the company’s stock worth $31,000 after purchasing an additional 638 shares during the last quarter. Finally, Quadrature Capital Ltd raised its position in USCB Financial by 64.7% during the 4th quarter. Quadrature Capital Ltd now owns 17,616 shares of the company’s stock worth $324,000 after purchasing an additional 6,922 shares during the last quarter. 61.34% of the stock is currently owned by institutional investors and hedge funds.

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.