USCB Financial Holdings, Inc. (NASDAQ:USCB) Short Interest Down 16.1% in April

USCB Financial Holdings, Inc. (NASDAQ:USCB - Get Free Report) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 116,200 shares, a drop of 16.1% from the March 31st total of 138,500 shares. Approximately 1.1% of the company's stock are sold short. Based on an average daily trading volume, of 27,100 shares, the short-interest ratio is presently 4.3 days.

USCB Financial Stock Up 0.4 %

NASDAQ:USCB traded up $0.07 during trading hours on Thursday, reaching $17.06. The company's stock had a trading volume of 21,993 shares, compared to its average volume of 26,882. USCB Financial has a one year low of $11.41 and a one year high of $21.86. The business's 50-day moving average is $17.69 and its 200-day moving average is $18.18. 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 company has a market cap of $342.02 million, a price-to-earnings ratio of 13.87 and a beta of 0.67.

USCB Financial (NASDAQ:USCB - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.38 earnings per share 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 firm had revenue of $22.83 million during the quarter, compared to analyst estimates of $22.94 million. Equities research analysts predict that USCB Financial will post 1.58 EPS for the current year.

USCB Financial Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Thursday, May 15th. USCB Financial's dividend payout ratio (DPR) is 28.99%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kennedy Capital Management LLC boosted its position in USCB Financial by 309.5% in the fourth quarter. Kennedy Capital Management LLC now owns 285,305 shares of the company's stock valued at $5,064,000 after buying an additional 215,636 shares in the last quarter. Mendon Capital Advisors Corp grew its position in USCB Financial by 7.4% during the 4th quarter. Mendon Capital Advisors Corp now owns 674,811 shares of the company's stock worth $11,978,000 after acquiring an additional 46,206 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in USCB Financial by 159.3% during the 4th quarter. JPMorgan Chase & Co. now owns 51,043 shares of the company's stock valued at $906,000 after purchasing an additional 31,357 shares in the last quarter. Millennium Management LLC boosted its stake in USCB Financial by 59.1% in the fourth quarter. Millennium Management LLC now owns 62,133 shares of the company's stock worth $1,103,000 after purchasing an additional 23,072 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in 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 buying an additional 19,028 shares in the last quarter. 61.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on USCB shares. Raymond James downgraded USCB Financial from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. 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, April 28th.

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.