Wellington Management Group LLP Has $11.04 Million Stock Holdings in USCB Financial Holdings, Inc. $USCB

Key Points

• Wellington Management increased its USCB Financial stake by 17.8% in the second quarter, owning 539,779 shares valued at approximately $11.04 million. Institutional investors collectively hold 61.34% of the company.
• Analysts remain broadly positive, with a consensus “Buy” rating and an average price target of $24.33; several firms recently raised their targets.
• USCB reported quarterly revenue of $27.95 million and EPS of $0.49, matching earnings expectations while exceeding revenue estimates. The company also maintains a quarterly dividend of $0.125, representing a 2.1% annualized yield.

Wellington Management Group LLP grew its stake in shares of USCB Financial Holdings, Inc. (NASDAQ:USCB - Free Report) by 17.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 539,779 shares of the company's stock after purchasing an additional 81,450 shares during the period. Wellington Management Group LLP owned about 2.92% of USCB Financial worth $11,044,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. NewEdge Advisors LLC raised its holdings in USCB Financial by 60.1% during the 4th quarter. NewEdge Advisors LLC now owns 1,700 shares of the company's stock worth $31,000 after buying an additional 638 shares during the period. PNC Financial Services Group Inc. acquired a new position in shares of USCB Financial in the first quarter worth about $41,000. Russell Investments Group Ltd. increased its position in shares of USCB Financial by 66.2% in the third quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company's stock worth $39,000 after acquiring an additional 883 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of USCB Financial by 100.3% in the third quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company's stock worth $65,000 after acquiring an additional 1,854 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of USCB Financial by 2,081.3% during the second quarter. Tower Research Capital LLC TRC now owns 4,210 shares of the company's stock valued at $70,000 after acquiring an additional 4,017 shares during the period. Institutional investors and hedge funds own 61.34% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on USCB shares. Piper Sandler upped their price target on shares of USCB Financial from $24.00 to $27.00 and gave the company an "overweight" rating in a research report on Monday, July 27th. Hovde Group boosted their target price on shares of USCB Financial from $20.00 to $22.00 and gave the company a "market perform" rating in a research note on Monday, July 27th. Weiss Ratings restated a "buy (b)" rating on shares of USCB Financial in a report on Wednesday, August 26th. Keefe, Bruyette & Woods raised their target price on USCB Financial from $22.00 to $24.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. Finally, Wall Street Zen cut USCB Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 22nd. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $24.33.

USCB Financial Price Performance

USCB opened at $23.48 on Tuesday. The firm has a market cap of $433.68 million, a P/E ratio of 15.45 and a beta of 0.47. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.97 and a current ratio of 0.97. The business has a 50 day moving average price of $21.69 and a 200 day moving average price of $19.89. USCB Financial Holdings, Inc. has a twelve month low of $16.36 and a twelve month high of $23.89.

USCB Financial (NASDAQ:USCB - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. USCB Financial had a return on equity of 15.77% and a net margin of 17.24%.The company had revenue of $27.95 million for the quarter, compared to the consensus estimate of $26.74 million. Research analysts forecast that USCB Financial Holdings, Inc. will post 2.09 EPS for the current year.

USCB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Monday, August 17th were paid a $0.125 dividend. The ex-dividend date was Monday, August 17th. This represents a $0.50 dividend on an annualized basis and a yield of 2.1%. USCB Financial's dividend payout ratio (DPR) is presently 32.89%.

USCB Financial Company Profile

USCB Financial NASDAQ: USCB is a bank holding company headquartered in Columbia, South Carolina, serving as the parent company of United Security Bank. Established to support community banking in the Midlands region, the company focuses on relationship-driven financial services tailored to both individuals and businesses. As a regional player, USCB Financial emphasizes personalized service through a network of full-service branch offices.

The company’s core business activities include commercial and consumer lending, deposit products and alternative delivery channels.

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