USCB Financial Holdings, Inc. (NASDAQ:USCB) Stock Holdings Lifted by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its position in shares of USCB Financial Holdings, Inc. (NASDAQ:USCB - Free Report) by 17.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 117,088 shares of the company's stock after buying an additional 17,488 shares during the quarter. Renaissance Technologies LLC owned approximately 0.59% of USCB Financial worth $2,078,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Wells Fargo & Company MN boosted its holdings in shares of USCB Financial by 32.8% in the 4th quarter. Wells Fargo & Company MN now owns 5,799 shares of the company's stock worth $103,000 after purchasing an additional 1,431 shares during the period. Stifel Financial Corp bought a new stake in shares of USCB Financial in the 3rd quarter valued at about $244,000. JPMorgan Chase & Co. increased its position in USCB Financial by 228.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,686 shares of the company's stock valued at $300,000 after buying an additional 13,692 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of USCB Financial in the fourth quarter worth $332,000. Finally, Barclays PLC increased its holdings in USCB Financial by 57.8% in the 3rd quarter. Barclays PLC now owns 32,400 shares of the company's stock worth $494,000 after buying an additional 11,866 shares during the period. Hedge funds and other institutional investors own 61.34% of the company's stock.

USCB Financial Price Performance

USCB stock traded up $0.18 on Thursday, reaching $17.14. 2,012 shares of the company's stock were exchanged, compared to its average volume of 28,042. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.55. USCB Financial Holdings, Inc. has a twelve month low of $11.37 and a twelve month high of $21.86. The stock has a fifty day moving average of $17.92 and a 200-day moving average of $18.11. The firm has a market cap of $343.62 million, a PE ratio of 13.93 and a beta of 0.65.

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

USCB Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.33%. The ex-dividend date is Thursday, May 15th. USCB Financial's dividend payout ratio (DPR) is 28.99%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price target on shares of USCB Financial from $23.00 to $21.00 and set an "outperform" rating on the stock in a research note on Monday. Raymond James lowered shares of USCB Financial from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd.

USCB Financial 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.