Pacific Ridge Capital Partners LLC Trims Stock Position in USCB Financial Holdings, Inc. (NASDAQ:USCB)

Key Points

• Pacific Ridge Capital Partners LLC has sold 18,399 shares of USCB Financial Holdings, reducing its holdings by 4.8%, making USCB 14th largest in its portfolio with shares valued at approximately $6.77 million.
• USCB Financial's CEO, La Aguilera Luis De, sold 25,000 shares at an average price of $16.70, representing a 9.47% decrease in their ownership stake.
• The company recently announced a quarterly dividend of $0.10, which represents an annualized yield of 2.5% and reflects a dividend payout ratio of 27.21%.

Pacific Ridge Capital Partners LLC trimmed its holdings in USCB Financial Holdings, Inc. (NASDAQ:USCB - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 364,698 shares of the company's stock after selling 18,399 shares during the quarter. USCB Financial accounts for approximately 1.8% of Pacific Ridge Capital Partners LLC's investment portfolio, making the stock its 14th biggest holding. Pacific Ridge Capital Partners LLC owned 1.82% of USCB Financial worth $6,769,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mendon Capital Advisors Corp lifted its stake in shares of USCB Financial by 7.4% in the 4th 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. Kennedy Capital Management LLC boosted its stake in shares of USCB Financial by 309.5% during the 4th quarter. Kennedy Capital Management LLC now owns 285,305 shares of the company's stock worth $5,064,000 after acquiring an additional 215,636 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of USCB Financial by 17.6% during the 4th quarter. Renaissance Technologies LLC now owns 117,088 shares of the company's stock valued at $2,078,000 after acquiring an additional 17,488 shares during the period. Dimensional Fund Advisors LP grew its position in shares of USCB Financial by 12.5% during the 4th 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 period. Finally, Millennium Management LLC increased its stake in shares of USCB Financial by 59.1% in the 4th quarter. Millennium Management LLC now owns 62,133 shares of the company's stock valued at $1,103,000 after purchasing an additional 23,072 shares in the last quarter. 61.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

USCB has been the subject of a number of recent analyst reports. Raymond James Financial upgraded USCB Financial from a "market perform" rating to an "outperform" rating and set a $20.00 price objective for the company in a research report on Monday, July 28th. Keefe, Bruyette & Woods decreased their price objective on shares of USCB Financial from $23.00 to $21.00 and set an "outperform" rating on the stock in a report on Monday, April 28th.

USCB Financial Price Performance

Shares of USCB traded down $0.20 during trading hours on Wednesday, hitting $16.33. 4,249 shares of the stock were exchanged, compared to its average volume of 25,816. USCB Financial Holdings, Inc. has a 12-month low of $13.85 and a 12-month high of $21.86. The company has a market cap of $327.32 million, a price-to-earnings ratio of 11.11 and a beta of 0.61. The stock's 50-day moving average price is $16.74 and its two-hundred day moving average price is $17.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.91 and a current ratio of 0.91.

USCB Financial (NASDAQ:USCB - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. USCB Financial had a return on equity of 13.59% and a net margin of 19.51%. The firm had revenue of $24.40 million for the quarter, compared to the consensus estimate of $23.72 million. Research analysts expect that USCB Financial Holdings, Inc. will post 1.58 earnings per share for the current year.

USCB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, August 15th. USCB Financial's payout ratio is 27.21%.

Insider Activity

In other news, CEO La Aguilera Luis De sold 25,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $16.70, for a total transaction of $417,500.00. Following the completion of the transaction, the chief executive officer directly owned 238,974 shares in the company, valued at $3,990,865.80. This trade represents a 9.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 49.50% 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.