USCB Financial Holdings, Inc. (NASDAQ:USCB) Shares Acquired by Millennium Management LLC

Millennium Management LLC increased its position in shares of USCB Financial Holdings, Inc. (NASDAQ:USCB - Free Report) by 59.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,133 shares of the company's stock after acquiring an additional 23,072 shares during the quarter. Millennium Management LLC owned approximately 0.31% of USCB Financial worth $1,103,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Bank of America Corp DE raised its stake in USCB Financial by 25.9% during the fourth 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. BNP Paribas Financial Markets acquired a new stake in shares of USCB Financial during the 4th quarter worth approximately $36,000. Mendon Capital Advisors Corp raised its position in shares of USCB Financial by 7.4% during the 4th quarter. Mendon Capital Advisors Corp now owns 674,811 shares of the company's stock valued at $11,978,000 after buying an additional 46,206 shares during the period. Hsbc Holdings PLC lifted its holdings in USCB Financial by 8.1% in the fourth quarter. Hsbc Holdings PLC now owns 21,553 shares of the company's stock valued at $382,000 after acquiring an additional 1,613 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in USCB Financial by 12.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 100,597 shares of the company's stock valued at $1,786,000 after acquiring an additional 11,199 shares during the last quarter. Hedge funds and other institutional investors own 61.34% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on USCB shares. Keefe, Bruyette & Woods cut their target price on 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 cut USCB Financial from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd.

Insiders Place Their Bets

In other news, CEO La Aguilera Luis De sold 25,000 shares of the stock in a transaction dated Thursday, May 22nd. The shares were 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 $3,990,865.80. This trade represents a 9.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 48.50% of the stock is owned by insiders.

USCB Financial Stock Up 1.8%

USCB stock traded up $0.29 during trading on Friday, hitting $16.55. 11,969 shares of the company's stock were exchanged, compared to its average volume of 28,403. The business has a 50-day moving average price of $16.98 and a two-hundred day moving average price of $18.14. 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 stock has a market capitalization of $331.79 million, a price-to-earnings ratio of 13.46 and a beta of 0.63. USCB Financial Holdings, Inc. has a 52-week low of $11.80 and a 52-week high of $21.86.

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

USCB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th were paid a $0.10 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.40 annualized dividend and a yield of 2.42%. USCB Financial's dividend payout ratio is currently 28.99%.

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.