USCB Financial Holdings, Inc. (NASDAQ:USCB) Shares Sold by Banc Funds Co. LLC

Banc Funds Co. LLC lessened its position in USCB Financial Holdings, Inc. (NASDAQ:USCB) by 10.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 149,230 shares of the company’s stock after selling 17,100 shares during the quarter. Banc Funds Co. LLC owned approximately 0.76% of USCB Financial worth $2,276,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. MetLife Investment Management LLC grew 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 acquiring an additional 3,750 shares in the last quarter. LSV Asset Management acquired a new position in shares of USCB Financial in the second quarter valued at approximately $131,000. Hsbc Holdings PLC purchased a new stake in USCB Financial during the 2nd quarter worth approximately $134,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in USCB Financial during the 3rd quarter worth approximately $411,000. Finally, Bank of New York Mellon Corp boosted its position in USCB Financial by 2.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 29,990 shares of the company’s stock valued at $385,000 after buying an additional 690 shares during the period. Institutional investors and hedge funds own 61.34% of the company’s stock.

Analyst Ratings Changes

USCB has been the topic of a number of recent research reports. Hovde Group began coverage on USCB Financial in a research report on Monday, August 12th. They set a “market perform” rating and a $16.00 price objective on the stock. Piper Sandler upgraded USCB Financial from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $17.00 to $20.00 in a report on Monday, November 4th. Finally, Raymond James upgraded USCB Financial from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, November 1st.

USCB Financial Stock Performance

Shares of USCB stock opened at $20.48 on Monday. USCB Financial Holdings, Inc. has a 12 month low of $10.25 and a 12 month high of $21.86. 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 company has a market cap of $406.32 million, a P/E ratio of 19.88 and a beta of 0.40. The firm has a fifty day moving average price of $16.73 and a 200 day moving average price of $14.70.

USCB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Friday, November 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.98%. USCB Financial’s payout ratio is currently 19.42%.

Insider Transactions at USCB Financial

In other USCB Financial news, Director Ramon A. Rodriguez purchased 6,000 shares of the 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 completion of the acquisition, the director now directly owns 12,000 shares of the company’s stock, valued at $175,320. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 48.50% 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.