Short Interest in USCB Financial Holdings, Inc. (NASDAQ:USCB) Grows By 23.2%

USCB Financial Holdings, Inc. (NASDAQ:USCB) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 57,900 shares, a growth of 23.2% from the February 28th total of 47,000 shares. Based on an average daily volume of 27,200 shares, the short-interest ratio is currently 2.1 days. Approximately 0.6% of the company’s shares are short sold.

USCB Financial Price Performance

Shares of USCB Financial stock opened at $18.63 on Wednesday. The stock has a market cap of $373.59 million, a price-to-earnings ratio of 15.15 and a beta of 0.64. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a 50 day moving average price of $18.88 and a 200-day moving average price of $17.83. USCB Financial has a one year low of $10.25 and a one year high of $21.86.

USCB Financial (NASDAQ:USCB) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). USCB Financial had a return on equity of 12.14% and a net margin of 17.14%. Equities analysts expect that USCB Financial will post 1.58 EPS for the current year.

USCB Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Friday, February 14th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.15%. This is an increase from USCB Financial’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, February 14th. USCB Financial’s dividend payout ratio is presently 32.52%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN lifted its position in shares of USCB Financial by 32.8% during the fourth quarter. Wells Fargo & Company MN now owns 5,799 shares of the company’s stock worth $103,000 after purchasing an additional 1,431 shares during the last quarter. Hsbc Holdings PLC increased its stake in USCB Financial by 8.1% in the 4th quarter. Hsbc Holdings PLC now owns 21,553 shares of the company’s stock worth $382,000 after buying an additional 1,613 shares during the period. BNP Paribas Financial Markets purchased a new position in USCB Financial in the 4th quarter worth about $36,000. Geode Capital Management LLC lifted its holdings in USCB Financial by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 237,892 shares of the company’s stock valued at $3,628,000 after buying an additional 3,250 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its position in USCB Financial by 129.0% in the 3rd quarter. MetLife Investment Management LLC now owns 6,656 shares of the company’s stock valued at $102,000 after buying an additional 3,750 shares during the period. Institutional investors own 61.34% of the company’s 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.