Insider Buying: USCB Financial Holdings, Inc. (NASDAQ:USCB) CFO Buys $84,840.00 in Stock

USCB Financial Holdings, Inc. (NASDAQ:USCBGet Free Report) CFO Robert B. Anderson acquired 7,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was acquired at an average cost of $12.12 per share, for a total transaction of $84,840.00. Following the acquisition, the chief financial officer now directly owns 86,933 shares in the company, valued at approximately $1,053,627.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

USCB Financial Stock Performance

USCB opened at $12.00 on Monday. The stock’s 50 day simple moving average is $11.34 and its 200 day simple moving average is $11.58. The stock has a market cap of $235.92 million, a P/E ratio of 15.58 and a beta of 0.35. USCB Financial Holdings, Inc. has a 1-year low of $9.32 and a 1-year high of $12.97. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.91 and a quick ratio of 0.91.

USCB Financial (NASDAQ:USCBGet Free Report) last posted its earnings results on Thursday, April 25th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. The company had revenue of $17.62 million for the quarter, compared to analyst estimates of $17.23 million. USCB Financial had a return on equity of 8.50% and a net margin of 13.08%. As a group, equities analysts anticipate that USCB Financial Holdings, Inc. will post 1 EPS for the current fiscal year.

USCB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Tuesday, May 14th. USCB Financial’s payout ratio is currently 25.97%.

Wall Street Analysts Forecast Growth

USCB has been the topic of a number of analyst reports. Raymond James lifted their price target on USCB Financial from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Keefe, Bruyette & Woods upped their price target on shares of USCB Financial from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th.

View Our Latest Report on USCB

Institutional Trading of USCB Financial

Several large investors have recently modified their holdings of USCB. Jacobs Levy Equity Management Inc. acquired a new position in shares of USCB Financial during the 1st quarter worth approximately $358,000. Vanguard Group Inc. increased its position in USCB Financial by 15.4% during the first quarter. Vanguard Group Inc. now owns 436,923 shares of the company’s stock worth $4,981,000 after buying an additional 58,365 shares in the last quarter. Salzhauer Michael acquired a new position in shares of USCB Financial in the first quarter worth $200,000. Mendon Capital Advisors Corp purchased a new stake in shares of USCB Financial in the fourth quarter valued at $10,306,000. Finally, Basswood Capital Management L.L.C. acquired a new stake in shares of USCB Financial during the fourth quarter valued at $3,016,000. 61.34% of the stock is currently owned by institutional investors and hedge funds.

About USCB Financial

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for USCB Financial (NASDAQ:USCB)

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