USCB Financial Holdings, Inc. (NASDAQ:USCB) Shares Acquired by MetLife Investment Management LLC

MetLife Investment Management LLC boosted its stake in USCB Financial Holdings, Inc. (NASDAQ:USCB) by 129.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 6,656 shares of the company’s stock after acquiring an additional 3,750 shares during the period. MetLife Investment Management LLC’s holdings in USCB Financial were worth $102,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Endeavour Capital Advisors Inc. boosted its stake in shares of USCB Financial by 0.5% during the second quarter. Endeavour Capital Advisors Inc. now owns 1,378,028 shares of the company’s stock valued at $17,680,000 after acquiring an additional 6,747 shares during the last quarter. Mendon Capital Advisors Corp lifted its holdings in USCB Financial by 611.6% in the 2nd quarter. Mendon Capital Advisors Corp now owns 610,136 shares of the company’s stock valued at $7,828,000 after purchasing an additional 524,398 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of USCB Financial by 15.4% during the 1st quarter. Vanguard Group Inc. now owns 436,923 shares of the company’s stock worth $4,981,000 after purchasing an additional 58,365 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of USCB Financial by 23.2% during the second quarter. Dimensional Fund Advisors LP now owns 66,649 shares of the company’s stock worth $854,000 after buying an additional 12,542 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of USCB Financial by 88.6% in the second quarter. Renaissance Technologies LLC now owns 66,401 shares of the company’s stock valued at $852,000 after buying an additional 31,190 shares during the last quarter. Institutional investors and hedge funds own 61.34% of the company’s stock.

Insider Buying and Selling

In other USCB Financial news, Director Ramon A. Rodriguez purchased 6,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average cost of $14.61 per share, with a total value of $87,660.00. Following the transaction, the director now owns 12,000 shares in the company, valued at approximately $175,320. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 48.50% of the company’s stock.

USCB Financial Price Performance

Shares of USCB Financial stock opened at $19.31 on Tuesday. The stock has a market capitalization of $383.11 million, a P/E ratio of 18.75 and a beta of 0.59. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.55. The business’s fifty day moving average price is $17.27 and its 200 day moving average price is $15.04. USCB Financial Holdings, Inc. has a twelve month low of $10.25 and a twelve month high of $21.86.

USCB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Friday, November 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Friday, November 15th. USCB Financial’s payout ratio is currently 19.42%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Piper Sandler upgraded shares of USCB Financial from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $17.00 to $20.00 in a research report on Monday, November 4th. Raymond James raised USCB Financial from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, November 1st. Finally, Hovde Group started coverage on USCB Financial in a research report on Monday, August 12th. They set a “market perform” rating and a $16.00 target price on the 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.