Millennium Management LLC Purchases 23,072 Shares of USCB Financial Holdings, Inc. (NASDAQ:USCB)

Millennium Management LLC grew its stake in shares of USCB Financial Holdings, Inc. (NASDAQ:USCB - Free Report) by 59.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 62,133 shares of the company's stock after purchasing an additional 23,072 shares during the quarter. Millennium Management LLC owned approximately 0.31% of USCB Financial worth $1,103,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of USCB Financial by 70.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 45,967 shares of the company's stock valued at $816,000 after purchasing an additional 19,028 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of USCB Financial during the fourth quarter valued at approximately $332,000. Renaissance Technologies LLC boosted its stake in shares of USCB Financial by 17.6% during the fourth quarter. Renaissance Technologies LLC now owns 117,088 shares of the company's stock valued at $2,078,000 after purchasing an additional 17,488 shares during the period. Mendon Capital Advisors Corp boosted its stake in shares of USCB Financial by 7.4% during the fourth quarter. Mendon Capital Advisors Corp now owns 674,811 shares of the company's stock valued at $11,978,000 after purchasing an additional 46,206 shares during the period. Finally, BNP Paribas Financial Markets purchased a new stake in shares of USCB Financial during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 61.34% of the company's stock.

USCB Financial Trading Up 1.8%

Shares of USCB Financial stock traded up $0.29 during midday trading on Friday, reaching $16.55. 11,969 shares of the company's stock traded hands, compared to its average volume of 28,478. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $331.79 million, a PE ratio of 13.46 and a beta of 0.63. The stock has a 50 day moving average of $16.94 and a 200-day moving average of $18.10. USCB Financial Holdings, Inc. has a 12 month low of $11.80 and a 12 month high of $21.86.

USCB Financial (NASDAQ:USCB - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.38 EPS for the quarter, meeting analysts' consensus estimates of $0.38. The company had revenue of $22.83 million during the quarter, compared to the consensus estimate of $22.94 million. USCB Financial had a return on equity of 12.14% and a net margin of 17.14%. As a group, equities analysts expect that USCB Financial Holdings, Inc. will post 1.58 EPS for the current fiscal year.

USCB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 15th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, May 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.42%. USCB Financial's dividend payout ratio is presently 28.99%.

Wall Street Analysts Forecast Growth

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

Insider Activity at USCB Financial

In other USCB Financial news, CEO La Aguilera Luis De sold 25,000 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $16.70, for a total value of $417,500.00. Following the completion of the transaction, the chief executive officer now owns 238,974 shares in the company, valued at approximately $3,990,865.80. This represents a 9.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 48.50% of the stock is owned by corporate insiders.

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.