USCB Financial Holdings, Inc. (NASDAQ:USCB) CFO Purchases $35,730.00 in Stock

USCB Financial Holdings, Inc. (NASDAQ:USCB - Get Free Report) CFO Robert B. Anderson purchased 3,000 shares of the business's stock in a transaction dated Monday, May 6th. The stock was bought at an average price of $11.91 per share, for a total transaction of $35,730.00. Following the completion of the acquisition, the chief financial officer now directly owns 71,408 shares in the company, valued at approximately $850,469.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

USCB Financial Price Performance

Shares of USCB stock traded up $0.65 during trading hours on Tuesday, hitting $12.55. 14,777 shares of the company's stock were exchanged, compared to its average volume of 20,774. The firm has a market cap of $246.61 million, a P/E ratio of 16.30 and a beta of 0.35. The firm has a 50 day moving average of $11.03 and a two-hundred day moving average of $11.44. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.95. USCB Financial Holdings, Inc. has a fifty-two week low of $8.81 and a fifty-two week high of $12.97.

USCB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Tuesday, May 14th. USCB Financial's dividend payout ratio is currently 25.97%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in USCB. LWM Advisory Services LLC purchased a new position in shares of USCB Financial in the 3rd quarter valued at $38,000. Kennedy Capital Management LLC grew its stake in shares of USCB Financial by 7.9% during the 3rd quarter. Kennedy Capital Management LLC now owns 71,717 shares of the company's stock worth $754,000 after purchasing an additional 5,243 shares during the period. Salzhauer Michael purchased a new stake in shares of USCB Financial during the 1st quarter worth approximately $200,000. Pacific Ridge Capital Partners LLC raised its position in USCB Financial by 5.5% during the third quarter. Pacific Ridge Capital Partners LLC now owns 425,085 shares of the company's stock worth $4,468,000 after acquiring an additional 22,229 shares during the last quarter. Finally, Basswood Capital Management L.L.C. purchased a new position in shares of USCB Financial during the 4th quarter worth approximately $3,016,000. 61.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

USCB has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised their price target on shares of USCB Financial from $14.00 to $15.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 30th. Raymond James upped their target price on USCB Financial from $12.00 to $13.00 and gave the stock an "outperform" rating in a research note on Monday, January 29th.

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.