Insider Selling: USCB Financial (NASDAQ:USCB) Major Shareholder Sells 37,152 Shares of Stock

Key Points

• Major shareholder W. Kirk Wycoff sold 37,152 shares on April 30 and 12,848 shares on May 1 — a total of 50,000 shares for roughly $912,514 — trimming his stake by 1.99% to 1,826,634 shares (≈$33.3M).
• USCB shares traded at $18.35 (up 0.6%) on heavy volume; the company reported quarterly EPS of $0.47 (missed by $0.01) on $26.18M revenue, with a market cap of $335M and a P/E of 12.8.
• The firm declared a quarterly dividend of $0.125 (ex-dividend May 15, payable June 5), implying a 2.7% yield and a payout ratio around 35%, while analysts' average target is $22 (rating: Moderate Buy).

USCB Financial Holdings, Inc. (NASDAQ:USCB - Get Free Report) major shareholder W Kirk Wycoff sold 37,152 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $18.24, for a total transaction of $677,652.48. Following the transaction, the insider owned 1,826,634 shares in the company, valued at approximately $33,317,804.16. The trade was a 1.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

W Kirk Wycoff also recently made the following trade(s):

• On Friday, May 1st, W Kirk Wycoff sold 12,848 shares of USCB Financial stock. The stock was sold at an average price of $18.28, for a total transaction of $234,861.44.

USCB Financial Trading Up 0.6%

Shares of USCB stock traded up $0.11 during trading hours on Friday, hitting $18.35. 103,506 shares of the company were exchanged, compared to its average volume of 48,293. The firm has a market cap of $335.02 million, a PE ratio of 12.83 and a beta of 0.60. USCB Financial Holdings, Inc. has a 1 year low of $15.56 and a 1 year high of $20.78. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.91. The firm has a fifty day moving average of $18.96 and a 200 day moving average of $18.68.

USCB Financial (NASDAQ:USCB - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). The company had revenue of $26.18 million for the quarter, compared to analysts' expectations of $25.95 million. USCB Financial had a return on equity of 15.44% and a net margin of 17.04%. Analysts expect that USCB Financial Holdings, Inc. will post 2.02 earnings per share for the current year.

USCB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be issued a $0.125 dividend. The ex-dividend date is Friday, May 15th. This represents a $0.50 annualized dividend and a yield of 2.7%. USCB Financial's dividend payout ratio (DPR) is presently 34.97%.

Institutional Trading of USCB Financial

Large investors have recently bought and sold shares of the company. NewEdge Advisors LLC grew its position in USCB Financial by 60.1% in the fourth quarter. NewEdge Advisors LLC now owns 1,700 shares of the company's stock valued at $31,000 after acquiring an additional 638 shares in the last quarter. Russell Investments Group Ltd. grew its position in USCB Financial by 66.2% in the third quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company's stock valued at $39,000 after acquiring an additional 883 shares in the last quarter. BNP Paribas Financial Markets grew its position in USCB Financial by 100.3% in the third quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company's stock valued at $65,000 after acquiring an additional 1,854 shares in the last quarter. Tower Research Capital LLC TRC grew its position in USCB Financial by 2,081.3% in 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 in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in USCB Financial in the fourth quarter valued at approximately $100,000. Institutional investors and hedge funds own 61.34% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on USCB shares. Piper Sandler raised their price target on shares of USCB Financial from $23.00 to $24.00 and gave the company an "overweight" rating in a report on Tuesday. Raymond James Financial restated a "strong-buy" rating on shares of USCB Financial in a report on Monday. Zacks Research upgraded shares of USCB Financial from a "strong sell" rating to a "hold" rating in a report on Monday, March 30th. Hovde Group raised their price target on shares of USCB Financial from $19.50 to $20.00 and gave the company a "market perform" rating in a report on Monday. Finally, Wall Street Zen lowered shares of USCB Financial from a "hold" rating to a "sell" rating in a report on Saturday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, USCB Financial presently has an average rating of "Moderate Buy" and an average target price of $22.00.

About USCB Financial

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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