USCB Financial (NASDAQ:USCB) Stock: Insider Ramon Rodriguez Purchases 1,000 Shares

USCB Financial Holdings, Inc. (NASDAQ:USCB) Director Ramon Rodriguez acquired 1,000 shares of the firm’s stock in a transaction on Friday, October 30th. The stock was bought at an average price of $20.00 per share, for a total transaction of $20,000.00. Following the completion of the acquisition, the director owned 1,000 shares of the company’s stock, valued at approximately $20,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

USCB Financial Price Performance

Shares of USCB opened at $19.88 on Friday. The company’s 50-day moving average is $22.24 and its 200-day moving average is $20.28. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $367.18 million, a PE ratio of 12.58 and a beta of 0.45. USCB Financial Holdings, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $23.89.

USCB Financial (NASDAQ:USCB) last announced its earnings results on Thursday, October 22nd. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.05). USCB Financial had a return on equity of 15.76% and a net margin of 17.44%. The company had revenue of $26.97 million for the quarter, compared to the consensus estimate of $29.18 million. Equities analysts forecast that USCB Financial Holdings, Inc. will post 2.01 EPS for the current year.

USCB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Monday, November 16th will be issued a dividend of $0.1250 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, November 16th. USCB Financial’s payout ratio is currently 31.65%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on USCB shares. Weiss Ratings lowered USCB Financial from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday. Wall Street Zen downgraded USCB Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Keefe, Bruyette & Woods boosted their price target on USCB Financial from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Zacks Research lowered USCB Financial from a “hold” rating to a “strong sell” rating in a report on Monday, October 26th. Finally, Raymond James Financial cut USCB Financial from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $25.00 to $23.00 in a research report on Monday, October 26th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.25.

Institutional Trading of USCB Financial

A number of institutional investors have recently bought and sold shares of USCB. SG Americas Securities LLC increased its holdings in shares of USCB Financial by 16.7% during the first quarter. SG Americas Securities LLC now owns 6,363 shares of the company’s stock worth $118,000 after purchasing an additional 910 shares during the period. PNC Financial Services Group Inc. acquired a new position in USCB Financial in the 1st quarter valued at $41,000. Integrated Wealth Concepts LLC bought a new stake in shares of USCB Financial during the 2nd quarter valued at $59,000. North Reef Capital Management LP lifted its position in shares of USCB Financial by 3.5% during the 1st quarter. North Reef Capital Management LP now owns 128,093 shares of the company’s stock valued at $2,375,000 after acquiring an additional 4,352 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of USCB Financial by 10.9% during the 1st quarter. Bank of New York Mellon Corp now owns 48,008 shares of the company’s stock valued at $890,000 after acquiring an additional 4,711 shares during the period. Institutional investors own 61.34% of the company’s stock.

About USCB Financial

USCB Financial Corp. is the bank holding company for U.S. Century Bank, a community bank headquartered in South Florida. The bank provides financial products and services to individuals, businesses, professionals and nonprofit organizations in the region, with a particular focus on the Miami-Dade County market and surrounding South Florida communities.

U.S. Century Bank offers deposit accounts, commercial and residential real estate loans, commercial and industrial lending, consumer loans and small business financing.