USCB Financial Holdings, Inc. (NASDAQ:USCB) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) by 228.4% during the 3rd quarter, Holdings Channel reports. The fund owned 19,686 shares of the company’s stock after purchasing an additional 13,692 shares during the quarter. JPMorgan Chase & Co.’s holdings in USCB Financial were worth $300,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in USCB Financial in the 3rd quarter valued at about $411,000. Barclays PLC lifted its position in shares of USCB Financial by 57.8% in the third quarter. Barclays PLC now owns 32,400 shares of the company’s stock valued at $494,000 after acquiring an additional 11,866 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of USCB Financial by 1.4% in the third quarter. Geode Capital Management LLC now owns 237,892 shares of the company’s stock worth $3,628,000 after acquiring an additional 3,250 shares during the last quarter. Stifel Financial Corp purchased a new stake in shares of USCB Financial during the third quarter worth approximately $244,000. Finally, Dimensional Fund Advisors LP lifted its holdings in USCB Financial by 23.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 66,649 shares of the company’s stock valued at $854,000 after purchasing an additional 12,542 shares in the last quarter. 61.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

USCB has been the topic of a number of recent research reports. Raymond James upgraded shares of USCB Financial from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, November 1st. Piper Sandler upgraded USCB Financial from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $17.00 to $20.00 in a report on Monday, November 4th.

USCB Financial Trading Down 1.2 %

Shares of USCB stock opened at $19.37 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.55. USCB Financial Holdings, Inc. has a twelve month low of $10.25 and a twelve month high of $21.86. The company’s 50-day moving average price is $18.60 and its 200-day moving average price is $16.56. The stock has a market cap of $384.30 million, a price-to-earnings ratio of 18.81 and a beta of 0.64.

USCB Financial (NASDAQ:USCB) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). USCB Financial had a net margin of 15.12% and a return on equity of 10.55%. As a group, equities analysts predict that USCB Financial Holdings, Inc. will post 1.26 earnings per share for the current year.

USCB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, February 14th. This is a boost from USCB Financial’s previous quarterly dividend of $0.05. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.07%. USCB Financial’s dividend payout ratio is currently 19.42%.

USCB Financial 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.