15,564 Shares in USCB Financial Holdings, Inc. $USCB Acquired by Nuveen LLC

Key Points

• Nuveen LLC acquired 15,564 shares of USCB Financial Holdings, valued at approximately $289,000, marking a new stake in the company.
• USCB Financial recently announced a quarterly dividend of $0.10 per share, representing an annualized dividend of $0.40 and a yield of 2.3%.
• Analysts have given USCB Financial a consensus rating of "Buy" with an average target price of $20.33.

Nuveen LLC purchased a new position in shares of USCB Financial Holdings, Inc. (NASDAQ:USCB - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 15,564 shares of the company's stock, valued at approximately $289,000. Nuveen LLC owned 0.08% of USCB Financial as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in USCB. BNP Paribas Financial Markets acquired a new position in shares of USCB Financial during the 4th quarter worth $36,000. Wells Fargo & Company MN grew its stake in shares of USCB Financial by 32.8% during the 4th quarter. Wells Fargo & Company MN now owns 5,799 shares of the company's stock worth $103,000 after purchasing an additional 1,431 shares during the period. Deutsche Bank AG acquired a new position in shares of USCB Financial during the 1st quarter worth $165,000. Hsbc Holdings PLC grew its stake in shares of USCB Financial by 8.1% during the 4th quarter. Hsbc Holdings PLC now owns 21,553 shares of the company's stock worth $382,000 after purchasing an additional 1,613 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of USCB Financial by 25.9% during the 4th quarter. Bank of America Corp DE now owns 25,552 shares of the company's stock worth $454,000 after purchasing an additional 5,252 shares during the period. 61.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Raymond James Financial raised shares of USCB Financial from an "outperform" rating to a "strong-buy" rating and upped their price target for the stock from $20.00 to $22.00 in a research note on Monday. Piper Sandler increased their price objective on shares of USCB Financial from $22.00 to $23.00 and gave the company an "overweight" rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $22.00.

USCB Financial Trading Up 0.3%

NASDAQ:USCB traded up $0.05 on Thursday, reaching $17.43. The stock had a trading volume of 16,138 shares, compared to its average volume of 19,147. USCB Financial Holdings, Inc. has a 12-month low of $13.90 and a 12-month high of $21.86. The company has a market cap of $349.99 million, a price-to-earnings ratio of 11.86 and a beta of 0.62. The firm's fifty day moving average is $17.14 and its two-hundred day moving average is $17.23. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91.

USCB Financial (NASDAQ:USCB - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. USCB Financial had a net margin of 19.51% and a return on equity of 13.39%. The company had revenue of $24.40 million for the quarter, compared to analysts' expectations of $23.72 million. Equities analysts expect that USCB Financial Holdings, Inc. will post 1.58 EPS for the current fiscal year.

USCB Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, August 15th. USCB Financial's dividend payout ratio (DPR) is currently 27.21%.

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.