Insider Selling: USCB Financial (NASDAQ:USCB) Director Sells 22,558 Shares of Stock

USCB Financial Holdings, Inc. (NASDAQ:USCB) Director W Kirk Wycoff sold 22,558 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $18.06, for a total value of $407,397.48. Following the sale, the director owned 1,992,024 shares in the company, valued at $35,975,953.44. This represents a 1.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, November 24th, W Kirk Wycoff sold 21,327 shares of USCB Financial stock. The stock was sold at an average price of $18.02, for a total transaction of $384,312.54.

USCB Financial Stock Down 1.2%

USCB stock traded down $0.21 during trading on Wednesday, reaching $17.76. The stock had a trading volume of 1,577 shares, compared to its average volume of 25,459. USCB Financial Holdings, Inc. has a one year low of $15.39 and a one year high of $20.58. The company has a market capitalization of $321.63 million, a price-to-earnings ratio of 11.31 and a beta of 0.60. The company’s 50 day moving average is $17.37 and its two-hundred day moving average is $17.07. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.24.

USCB Financial (NASDAQ:USCB) last posted its earnings results on Monday, August 7th. The company reported $0.26 earnings per share for the quarter. The firm had revenue of $17.26 million during the quarter. USCB Financial had a net margin of 20.23% and a return on equity of 14.36%. Equities research analysts forecast that USCB Financial Holdings, Inc. will post 1.58 EPS for the current year.

USCB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be given a $0.10 dividend. The ex-dividend date is Friday, November 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.3%. USCB Financial’s payout ratio is presently 25.48%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Raymond James Financial raised shares of USCB Financial from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $20.00 to $22.00 in a research report on Monday, September 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of USCB Financial in a report on Wednesday, October 8th. Piper Sandler upped their price target on shares of USCB Financial from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, September 8th. Finally, Zacks Research cut shares of USCB Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $22.00.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of USCB Financial by 5.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 31,912 shares of the company’s stock worth $592,000 after purchasing an additional 1,581 shares during the last quarter. Deutsche Bank AG purchased a new position in USCB Financial in the 1st quarter valued at approximately $165,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of USCB Financial by 15.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 53,055 shares of the company’s stock worth $985,000 after buying an additional 7,088 shares during the last quarter. Nuveen LLC acquired a new stake in shares of USCB Financial in the first quarter valued at approximately $289,000. Finally, Hsbc Holdings PLC raised its stake in USCB Financial by 21.1% in the 1st quarter. Hsbc Holdings PLC now owns 26,105 shares of the company’s stock valued at $485,000 after purchasing an additional 4,552 shares during the last quarter. Hedge funds and other institutional investors own 61.34% of the company’s stock.

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.