Basswood Capital Management L.L.C. Has $9.13 Million Holdings in USCB Financial Holdings, Inc. (NASDAQ:USCB)

Basswood Capital Management L.L.C. lessened its position in shares of USCB Financial Holdings, Inc. (NASDAQ:USCB - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 514,460 shares of the company's stock after selling 35,889 shares during the period. Basswood Capital Management L.L.C. owned about 2.59% of USCB Financial worth $9,132,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new position in shares of USCB Financial during the fourth quarter valued at approximately $36,000. Wells Fargo & Company MN lifted its stake in USCB Financial by 32.8% in the fourth quarter. Wells Fargo & Company MN now owns 5,799 shares of the company's stock valued at $103,000 after buying an additional 1,431 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of USCB Financial during the fourth quarter valued at $332,000. JPMorgan Chase & Co. grew its position in shares of USCB Financial by 228.4% during the third quarter. JPMorgan Chase & Co. now owns 19,686 shares of the company's stock worth $300,000 after acquiring an additional 13,692 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of 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 acquiring an additional 1,613 shares during the period. Institutional investors and hedge funds own 61.34% of the company's stock.

USCB Financial Price Performance

Shares of USCB stock traded up $0.11 during midday trading on Friday, reaching $17.00. 9,218 shares of the company were exchanged, compared to its average volume of 28,664. The company has a market cap of $340.82 million, a P/E ratio of 13.82 and a beta of 0.67. 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 Holdings, Inc. has a 12 month low of $11.41 and a 12 month high of $21.86. The company's 50 day moving average price is $17.65 and its two-hundred day moving average price is $18.20.

USCB Financial (NASDAQ:USCB - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.38 EPS for the quarter, hitting analysts' consensus estimates of $0.38. The business had revenue of $22.83 million for the quarter, compared to the consensus estimate of $22.94 million. USCB Financial had a net margin of 17.14% and a return on equity of 12.14%. On average, sell-side analysts expect that USCB Financial Holdings, Inc. will post 1.58 earnings per share for the current year.

USCB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.40 dividend on an annualized basis and a yield of 2.35%. USCB Financial's dividend payout ratio is currently 28.99%.

Wall Street Analysts Forecast Growth

USCB has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reduced their target price on shares of USCB Financial from $23.00 to $21.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Raymond James downgraded USCB Financial from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd.

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.