USCB Financial Holdings, Inc. (NASDAQ:USCB) Sees Large Drop in Short Interest

USCB Financial Holdings, Inc. (NASDAQ:USCB) was the target of a large decline in short interest in September. As of September 15th, there was short interest totalling 52,900 shares, a decline of 13.7% from the August 31st total of 61,300 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 31,100 shares, the short-interest ratio is presently 1.7 days.

Analysts Set New Price Targets

USCB has been the topic of several recent research reports. Hovde Group initiated coverage on shares of USCB Financial in a report on Monday, August 12th. They set a “market perform” rating and a $16.00 target price on the stock. Keefe, Bruyette & Woods lifted their price objective on USCB Financial from $14.00 to $16.50 and gave the stock an “outperform” rating in a report on Monday, July 29th.

Insiders Place Their Bets

In related news, Director Ramon A. Rodriguez acquired 6,000 shares of the stock in a transaction dated Monday, September 16th. The shares were purchased at an average price of $14.61 per share, for a total transaction of $87,660.00. Following the transaction, the director now owns 12,000 shares in the company, valued at approximately $175,320. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 48.50% of the company’s stock.

Hedge Funds Weigh In On USCB Financial

Hedge funds and other institutional investors have recently made changes to their positions in the business. Endeavour Capital Advisors Inc. raised its position in shares of USCB Financial by 0.5% in the 2nd quarter. Endeavour Capital Advisors Inc. now owns 1,378,028 shares of the company’s stock worth $17,680,000 after acquiring an additional 6,747 shares in the last quarter. Mendon Capital Advisors Corp boosted its holdings in shares of USCB Financial by 611.6% during the 2nd quarter. Mendon Capital Advisors Corp now owns 610,136 shares of the company’s stock valued at $7,828,000 after buying an additional 524,398 shares in the last quarter. Vanguard Group Inc. grew its position in shares of USCB Financial by 15.4% in the 1st quarter. Vanguard Group Inc. now owns 436,923 shares of the company’s stock worth $4,981,000 after buying an additional 58,365 shares during the period. Basswood Capital Management L.L.C. bought a new stake in USCB Financial during the fourth quarter worth about $3,016,000. Finally, Dimensional Fund Advisors LP grew its holdings in USCB Financial by 23.2% in the second quarter. Dimensional Fund Advisors LP now owns 66,649 shares of the company’s stock worth $854,000 after purchasing an additional 12,542 shares during the period. Institutional investors own 61.34% of the company’s stock.

USCB Financial Stock Up 0.6 %

Shares of USCB Financial stock opened at $15.40 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.93 and a current ratio of 0.93. USCB Financial has a 52-week low of $10.04 and a 52-week high of $16.82. The company’s 50 day moving average price is $14.90 and its 200-day moving average price is $12.90. The stock has a market capitalization of $302.15 million, a price-to-earnings ratio of 20.00 and a beta of 0.39.

USCB Financial (NASDAQ:USCB) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The firm had revenue of $35.83 million for the quarter, compared to analysts’ expectations of $18.56 million. USCB Financial had a net margin of 13.67% and a return on equity of 9.35%. During the same quarter in the previous year, the company earned $0.21 earnings per share. Equities research analysts forecast that USCB Financial will post 1.19 EPS for the current year.

USCB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.30%. USCB Financial’s dividend payout ratio is currently 25.97%.

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.