10,200 Shares in USCB Financial Holdings, Inc. (NASDAQ:USCB) Bought by LSV Asset Management

LSV Asset Management acquired a new position in shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,200 shares of the company’s stock, valued at approximately $131,000. LSV Asset Management owned 0.05% of USCB Financial as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Salzhauer Michael acquired a new stake in shares of USCB Financial during the first quarter worth $200,000. Jacobs Levy Equity Management Inc. bought a new position in USCB Financial during the first quarter worth about $358,000. Bank of New York Mellon Corp lifted its holdings in USCB Financial by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 29,990 shares of the company’s stock worth $385,000 after acquiring an additional 690 shares in the last quarter. Basswood Capital Management L.L.C. bought a new position in USCB Financial during the fourth quarter worth about $3,016,000. Finally, Vanguard Group Inc. lifted its holdings in USCB Financial by 15.4% during the first quarter. Vanguard Group Inc. now owns 436,923 shares of the company’s stock worth $4,981,000 after acquiring an additional 58,365 shares in the last quarter. 61.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

USCB has been the topic of several recent analyst reports. Hovde Group initiated coverage on 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 target price on USCB Financial from $14.00 to $16.50 and gave the stock an “outperform” rating in a report on Monday, July 29th.

USCB Financial Stock Performance

Shares of USCB Financial stock opened at $13.92 on Friday. The firm has a market cap of $273.53 million, a price-to-earnings ratio of 18.08 and a beta of 0.39. The stock’s 50-day moving average is $14.49 and its 200-day moving average is $12.56. USCB Financial Holdings, Inc. has a one year low of $10.04 and a one year high of $16.82. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.93 and a quick ratio of 0.93.

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

USCB Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 15th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.20 annualized dividend and a yield of 1.44%. USCB Financial’s payout ratio is presently 25.97%.

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.