JPMorgan Chase & Co. Raises Stock Holdings in USCB Financial Holdings, Inc. (NASDAQ:USCB)

JPMorgan Chase & Co. boosted its position in USCB Financial Holdings, Inc. (NASDAQ:USCB - Free Report) by 159.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,043 shares of the company's stock after purchasing an additional 31,357 shares during the period. JPMorgan Chase & Co. owned about 0.26% of USCB Financial worth $906,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of USCB Financial by 70.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 45,967 shares of the company's stock worth $816,000 after acquiring an additional 19,028 shares during the period. Los Angeles Capital Management LLC purchased a new stake in USCB Financial during the fourth quarter valued at about $332,000. Stifel Financial Corp bought a new position in USCB Financial during the third quarter worth about $244,000. Barclays PLC raised its position in shares of USCB Financial by 57.8% in the third quarter. Barclays PLC now owns 32,400 shares of the company's stock valued at $494,000 after purchasing an additional 11,866 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of USCB Financial by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 237,892 shares of the company's stock valued at $3,628,000 after buying an additional 3,250 shares in the last quarter. 61.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

USCB has been the subject of a number of analyst reports. Keefe, Bruyette & Woods cut their price target on USCB Financial from $23.00 to $21.00 and set an "outperform" rating for the company in a report on Monday. Raymond James downgraded shares of USCB Financial from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd.

USCB Financial Price Performance

NASDAQ USCB traded down $0.45 during trading on Wednesday, reaching $16.96. The company's stock had a trading volume of 25,766 shares, compared to its average volume of 28,146. USCB Financial Holdings, Inc. has a one year low of $11.37 and a one year high of $21.86. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $340.10 million, a PE ratio of 13.79 and a beta of 0.65. The firm has a fifty day moving average of $17.96 and a 200 day moving average of $18.12.

USCB Financial (NASDAQ:USCB - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.38 EPS for the quarter, hitting analysts' consensus estimates of $0.38. USCB Financial had a net margin of 17.14% and a return on equity of 12.14%. The business had revenue of $22.83 million during the quarter, compared to analysts' expectations of $22.94 million. Analysts expect that USCB Financial Holdings, Inc. will post 1.58 EPS for the current fiscal year.

USCB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Thursday, May 15th. USCB Financial's payout ratio is presently 28.99%.

About USCB Financial

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.