Patriot Financial Partners GP II L.P. Sells 179,623 Shares of USCB Financial Holdings, Inc. $USCB

Patriot Financial Partners GP II L.P. lowered its position in USCB Financial Holdings, Inc. (NASDAQ:USCB) by 8.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,856,286 shares of the company’s stock after selling 179,623 shares during the quarter. USCB Financial accounts for approximately 10.7% of Patriot Financial Partners GP II L.P.’s holdings, making the stock its 4th largest holding. Patriot Financial Partners GP II L.P. owned about 0.10% of USCB Financial worth $34,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. grew its holdings in shares of USCB Financial by 66.2% in 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 during the period. BNP Paribas Financial Markets grew its holdings in shares of USCB Financial by 100.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company’s stock worth $65,000 after acquiring an additional 1,854 shares during the period. Salzhauer Michael grew its holdings in shares of USCB Financial by 8.4% in the 2nd quarter. Salzhauer Michael now owns 31,729 shares of the company’s stock worth $525,000 after acquiring an additional 2,460 shares during the period. Barclays PLC grew its holdings in shares of USCB Financial by 7.0% in the 3rd quarter. Barclays PLC now owns 51,245 shares of the company’s stock worth $894,000 after acquiring an additional 3,351 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in shares of USCB Financial by 2,081.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,210 shares of the company’s stock worth $70,000 after acquiring an additional 4,017 shares during the period. Institutional investors and hedge funds own 61.34% of the company’s stock.

Insider Activity at USCB Financial

In other USCB Financial news, CEO La Aguilera Luis De sold 49,414 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $18.30, for a total transaction of $904,276.20. Following the completion of the sale, the chief executive officer directly owned 242,945 shares in the company, valued at $4,445,893.50. The trade was a 16.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ramon Abadin sold 9,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $18.21, for a total transaction of $163,890.00. Following the sale, the director directly owned 24,561 shares of the company’s stock, valued at approximately $447,255.81. The trade was a 26.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 256,122 shares of company stock valued at $4,660,266. 49.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Zacks Research upgraded shares of USCB Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Hovde Group increased their price target on shares of USCB Financial from $19.50 to $20.00 and gave the company a “market perform” rating in a research report on Monday, April 27th. Raymond James Financial reiterated a “strong-buy” rating on shares of USCB Financial in a research report on Monday, April 27th. Piper Sandler increased their price target on shares of USCB Financial from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of USCB Financial in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

USCB Financial Stock Performance

Shares of USCB opened at $18.03 on Thursday. USCB Financial Holdings, Inc. has a 1 year low of $15.56 and a 1 year high of $20.78. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91. The company’s 50 day simple moving average is $18.81 and its 200 day simple moving average is $18.84. The company has a market capitalization of $329.23 million, a price-to-earnings ratio of 12.61 and a beta of 0.53.

USCB Financial (NASDAQ:USCB) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). USCB Financial had a return on equity of 15.37% and a net margin of 17.04%.The company had revenue of $26.18 million for the quarter, compared to analyst estimates of $25.95 million. On average, sell-side analysts predict that USCB Financial Holdings, Inc. will post 2.02 EPS for the current year.

USCB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.50 annualized dividend and a yield of 2.8%. USCB Financial’s dividend payout ratio is 34.97%.

USCB Financial Profile

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.