USCB Financial Holdings, Inc. (NASDAQ:USCB) Short Interest Update

USCB Financial Holdings, Inc. (NASDAQ:USCB) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 47,700 shares, a drop of 15.3% from the November 30th total of 56,300 shares. Based on an average daily volume of 30,100 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.5% of the company’s stock are short sold.

Analysts Set New Price Targets

Several research analysts have weighed in on USCB shares. Raymond James upgraded shares of USCB Financial from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, November 1st. Piper Sandler raised shares of USCB Financial from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $17.00 to $20.00 in a research note on Monday, November 4th.

Institutional Investors Weigh In On USCB Financial

A number of large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in USCB Financial by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 29,990 shares of the company’s stock valued at $385,000 after buying an additional 690 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of USCB Financial by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 237,892 shares of the company’s stock valued at $3,628,000 after acquiring an additional 3,250 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in USCB Financial by 129.0% in the 3rd quarter. MetLife Investment Management LLC now owns 6,656 shares of the company’s stock worth $102,000 after purchasing an additional 3,750 shares during the last quarter. Endeavour Capital Advisors Inc. boosted its position in USCB Financial by 0.5% during the second quarter. Endeavour Capital Advisors Inc. now owns 1,378,028 shares of the company’s stock worth $17,680,000 after purchasing an additional 6,747 shares during the period. Finally, LSV Asset Management acquired a new position in USCB Financial during the second quarter valued at approximately $131,000. 61.34% of the stock is currently owned by institutional investors.

USCB Financial Price Performance

Shares of USCB opened at $17.86 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $354.36 million, a PE ratio of 17.34 and a beta of 0.59. The firm’s 50 day moving average price is $18.30 and its 200 day moving average price is $15.65. USCB Financial has a twelve month low of $10.25 and a twelve month high of $21.86.

USCB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Friday, November 15th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.12%. USCB Financial’s dividend payout ratio is currently 19.42%.

USCB Financial Company Profile

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.