Insider Buying: USCB Financial (NASDAQ:USCB) Director Purchases $20,000.00 in Stock

Key Points

• Director Ramon Rodriguez purchased 1,000 USCB Financial shares at $20 each, investing a total of $20,000 and bringing his ownership to 1,000 shares.
• USCB Financial shares rose 0.8% to $20.00, while the company’s latest quarterly results missed analyst expectations for both earnings and revenue.
• The company declared a quarterly dividend of $0.125 per share, equivalent to a $0.50 annualized payout and a 2.5% yield; analysts maintain a “Moderate Buy” consensus with a $23.25 average price target.

USCB Financial Holdings, Inc. (NASDAQ:USCB - Get Free Report) Director Ramon Rodriguez purchased 1,000 shares of USCB Financial stock in a transaction on Friday, October 30th. The stock was bought at an average cost of $20.00 per share, with a total value of $20,000.00. Following the completion of the acquisition, the director owned 1,000 shares in the company, valued at approximately $20,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

USCB Financial Trading Up 0.8%

USCB Financial stock traded up $0.15 during mid-day trading on Friday, hitting $20.00. The stock had a trading volume of 18,928 shares, compared to its average volume of 60,597. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.20. USCB Financial Holdings, Inc. has a 12 month low of $17.00 and a 12 month high of $23.89. The stock has a market capitalization of $369.40 million, a PE ratio of 12.69 and a beta of 0.45. The stock has a 50-day simple moving average of $22.29 and a two-hundred day simple moving average of $20.28.

USCB Financial (NASDAQ:USCB - Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.05). USCB Financial had a return on equity of 15.76% and a net margin of 17.44%. The company had revenue of $26.97 million for the quarter, compared to the consensus estimate of $29.18 million. As a group, sell-side analysts forecast that USCB Financial Holdings, Inc. will post 2.01 EPS for the current year.

USCB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Monday, November 16th will be issued a dividend of $0.1250 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.50 annualized dividend and a dividend yield of 2.5%. USCB Financial's payout ratio is 31.65%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. bought a new position in USCB Financial during the 1st quarter valued at approximately $41,000. Integrated Wealth Concepts LLC bought a new stake in shares of USCB Financial during the 2nd quarter valued at about $59,000. SG Americas Securities LLC raised its position in USCB Financial by 16.7% in the first quarter. SG Americas Securities LLC now owns 6,363 shares of the company's stock worth $118,000 after acquiring an additional 910 shares during the period. WASHINGTON TRUST Co bought a new position in USCB Financial in the 3rd quarter worth $218,000. Finally, Odyssean LLC bought a new stake in USCB Financial during the 2nd quarter worth approximately $270,000. 61.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on USCB shares. Zacks Research downgraded shares of USCB Financial from a "hold" rating to a "strong sell" rating in a research note on Monday. Piper Sandler lowered their price target on USCB Financial from $27.00 to $24.00 and set an "overweight" rating for the company in a research report on Tuesday. Keefe, Bruyette & Woods boosted their price objective on USCB Financial from $22.00 to $24.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. Raymond James Financial downgraded shares of USCB Financial from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the stock from $25.00 to $23.00 in a report on Monday. Finally, Weiss Ratings downgraded shares of USCB Financial from a "buy (b+)" rating to a "buy (b)" rating in a research note on Wednesday. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, USCB Financial has a consensus rating of "Moderate Buy" and an average target price of $23.25.

About USCB Financial

USCB Financial Corp. is the bank holding company for U.S. Century Bank, a community bank headquartered in South Florida. The bank provides financial products and services to individuals, businesses, professionals and nonprofit organizations in the region, with a particular focus on the Miami-Dade County market and surrounding South Florida communities.

U.S. Century Bank offers deposit accounts, commercial and residential real estate loans, commercial and industrial lending, consumer loans and small business financing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.