Los Angeles Capital Management LLC Buys Shares of 18,718 USCB Financial Holdings, Inc. (NASDAQ:USCB)

Los Angeles Capital Management LLC bought a new stake in shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) during the 4th quarter, HoldingsChannel reports. The firm bought 18,718 shares of the company’s stock, valued at approximately $332,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. MetLife Investment Management LLC grew its stake in shares of 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 in the last quarter. Stifel Financial Corp bought a new stake in shares of USCB Financial in the 3rd quarter valued at approximately $244,000. JPMorgan Chase & Co. grew its stake in shares of USCB Financial by 228.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,686 shares of the company’s stock valued at $300,000 after buying an additional 13,692 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of USCB Financial in the 3rd quarter valued at approximately $411,000. Finally, Barclays PLC grew its stake in shares of USCB Financial by 57.8% in the 3rd quarter. Barclays PLC now owns 32,400 shares of the company’s stock valued at $494,000 after buying an additional 11,866 shares in the last quarter. Hedge funds and other institutional investors own 61.34% of the company’s stock.

USCB Financial Trading Down 2.9 %

Shares of NASDAQ USCB opened at $18.38 on Wednesday. The stock has a market cap of $364.68 million, a price-to-earnings ratio of 14.94 and a beta of 0.64. The business has a 50 day simple moving average of $18.55 and a 200 day simple moving average of $17.27. USCB Financial Holdings, Inc. has a 52 week low of $10.25 and a 52 week high of $21.86. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.91 and a current ratio of 0.91.

USCB Financial (NASDAQ:USCB) last announced its earnings results on Thursday, January 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). USCB Financial had a return on equity of 12.14% and a net margin of 17.14%. On average, research analysts predict that USCB Financial Holdings, Inc. will post 1.58 earnings per share for the current fiscal year.

USCB Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Friday, February 14th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, February 14th. This represents a $0.40 dividend on an annualized basis and a yield of 2.18%. This is a boost from USCB Financial’s previous quarterly dividend of $0.05. USCB Financial’s dividend payout ratio is presently 32.52%.

About USCB Financial

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.