USCB Financial Holdings, Inc. (NASDAQ:USCB) CFO Robert B. Anderson Purchases 5,000 Shares

USCB Financial Holdings, Inc. (NASDAQ:USCB - Get Free Report) CFO Robert B. Anderson purchased 5,000 shares of the company's stock in a transaction that occurred on Wednesday, May 15th. The shares were purchased at an average cost of $12.13 per share, for a total transaction of $60,650.00. Following the completion of the purchase, the chief financial officer now owns 79,408 shares in the company, valued at approximately $963,219.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

USCB Financial Stock Up 1.9 %

NASDAQ USCB traded up $0.23 on Friday, reaching $12.49. The company had a trading volume of 80,153 shares, compared to its average volume of 20,511. The company has a quick ratio of 0.93, a current ratio of 0.91 and a debt-to-equity ratio of 0.83. The company's fifty day moving average is $11.23 and its 200 day moving average is $11.53. USCB Financial Holdings, Inc. has a 52-week low of $9.30 and a 52-week high of $12.97. The stock has a market capitalization of $245.50 million, a P/E ratio of 16.22 and a beta of 0.35.

USCB Financial (NASDAQ:USCB - Get Free Report) last announced its earnings results on Thursday, April 25th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. USCB Financial had a net margin of 13.08% and a return on equity of 8.50%. The company had revenue of $17.62 million during the quarter, compared to the consensus estimate of $17.23 million. Sell-side analysts anticipate that USCB Financial Holdings, Inc. will post 1 earnings per share for the current fiscal year.

USCB Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.60%. USCB Financial's dividend payout ratio is currently 25.97%.

Hedge Funds Weigh In On USCB Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. LWM Advisory Services LLC bought a new stake in USCB Financial during the third quarter worth $38,000. Kennedy Capital Management LLC raised 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 position in shares of USCB Financial in the 1st quarter worth about $200,000. Pacific Ridge Capital Partners LLC boosted its holdings in shares of USCB Financial by 5.5% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 425,085 shares of the company's stock worth $4,468,000 after buying an additional 22,229 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in USCB Financial during the first quarter valued at about $358,000. Hedge funds and other institutional investors own 61.34% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods upped their price objective on shares of USCB Financial from $14.00 to $15.00 and gave the stock an "outperform" rating in a report on Tuesday, January 30th. Raymond James raised their price target on shares of USCB Financial from $12.00 to $13.00 and gave the company an "outperform" rating in a research report on Monday, January 29th.

USCB Financial Company Profile

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.