Insider Selling: USCB Financial (NASDAQ:USCB) Director Sells $1,522,718.08 in Stock

USCB Financial Holdings, Inc. (NASDAQ:USCB) Director W Kirk Wycoff sold 82,043 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $18.56, for a total transaction of $1,522,718.08. Following the sale, the director owned 1,895,286 shares in the company, valued at $35,176,508.16. The trade was a 4.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, December 2nd, W Kirk Wycoff sold 14,695 shares of USCB Financial stock. The shares were sold at an average price of $17.75, for a total transaction of $260,836.25.
• On Monday, November 24th, W Kirk Wycoff sold 21,327 shares of USCB Financial stock. The shares were sold at an average price of $18.02, for a total transaction of $384,312.54.
• On Tuesday, November 25th, W Kirk Wycoff sold 22,558 shares of USCB Financial stock. The shares were sold at an average price of $18.06, for a total value of $407,397.48.

USCB Financial Trading Up 0.9%

Shares of NASDAQ USCB traded up $0.18 during midday trading on Thursday, reaching $18.68. The stock had a trading volume of 24,038 shares, compared to its average volume of 26,185. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $338.20 million, a price-to-earnings ratio of 11.89 and a beta of 0.60. The company’s 50 day moving average price is $17.55 and its 200 day moving average price is $17.15. USCB Financial Holdings, Inc. has a twelve month low of $15.39 and a twelve month high of $20.49.

USCB Financial (NASDAQ:USCB) last announced its quarterly earnings results on Monday, August 7th. The company reported $0.26 EPS for the quarter. The business 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%. As a group, sell-side analysts expect that USCB Financial Holdings, Inc. will post 1.58 EPS for the current year.

USCB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 14th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, November 14th. USCB Financial’s dividend payout ratio (DPR) is currently 25.48%.

Institutional Trading of USCB Financial

Several institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. raised its holdings in shares of USCB Financial by 66.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company’s stock worth $39,000 after acquiring an additional 883 shares in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in USCB Financial during the 2nd quarter valued at $38,000. BNP Paribas Financial Markets increased its position in shares of USCB Financial by 100.3% during the third quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company’s stock worth $65,000 after purchasing an additional 1,854 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of USCB Financial by 2,081.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,210 shares of the company’s stock worth $70,000 after buying an additional 4,017 shares during the last quarter. Finally, Deutsche Bank AG acquired a new stake in USCB Financial during the 1st quarter valued at approximately $165,000. Hedge funds and other institutional investors own 61.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on USCB shares. Zacks Research lowered USCB Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Weiss Ratings restated a “buy (b)” rating on shares of USCB Financial in a research report on Monday. Raymond James Financial upgraded USCB Financial from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $20.00 to $22.00 in a research report on Monday, September 8th. Finally, Piper Sandler boosted their price target on shares of USCB Financial from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $22.00.

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.