USCB Financial (NASDAQ:USCB) Major Shareholder Sells $234,861.44 in Stock

Key Points

• Major shareholder W. Kirk Wycoff sold 12,848 shares on May 1 at an average price of $18.28 for $234,861.44 (after also selling 37,152 shares on April 30); he still holds 1,813,786 shares, a 0.70% reduction in his position.
• USCB declared a quarterly dividend of $0.125 payable June 5 (ex-dividend/record date May 15), equal to a $0.50 annualized payment and about a 2.7% yield with a 34.97% payout ratio.
• The company reported Q1 EPS of $0.47, missing estimates by $0.01 while revenue of $26.18M slightly topped expectations, and analysts hold a consensus "Moderate Buy" rating with an average target price of $22.00.

USCB Financial Holdings, Inc. (NASDAQ:USCB - Get Free Report) major shareholder W Kirk Wycoff sold 12,848 shares of the firm's stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $18.28, for a total value of $234,861.44. Following the transaction, the insider owned 1,813,786 shares of the company's stock, valued at approximately $33,156,008.08. The trade was a 0.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

W Kirk Wycoff also recently made the following trade(s):

• On Thursday, April 30th, W Kirk Wycoff sold 37,152 shares of USCB Financial stock. The stock was sold at an average price of $18.24, for a total value of $677,652.48.

USCB Financial Trading Up 0.6%

USCB traded up $0.11 on Friday, hitting $18.35. The company had a trading volume of 103,506 shares, compared to its average volume of 48,293. The company has a market cap of $335.02 million, a PE ratio of 12.83 and a beta of 0.60. USCB Financial Holdings, Inc. has a 12-month low of $15.56 and a 12-month high of $20.78. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.91. The business's fifty day simple moving average is $18.96 and its 200 day simple moving average is $18.68.

USCB Financial (NASDAQ:USCB - Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). The company had revenue of $26.18 million during the quarter, compared to analysts' expectations of $25.95 million. USCB Financial had a return on equity of 15.44% and a net margin of 17.04%. Equities research analysts expect that USCB Financial Holdings, Inc. will post 2.02 EPS for the current year.

USCB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be given a $0.125 dividend. The ex-dividend date is Friday, May 15th. This represents a $0.50 annualized dividend and a yield of 2.7%. USCB Financial's dividend payout ratio (DPR) is currently 34.97%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Zacks Research upgraded USCB Financial from a "strong sell" rating to a "hold" rating in a research report on Monday, March 30th. Piper Sandler lifted their price target on USCB Financial from $23.00 to $24.00 and gave the stock an "overweight" rating in a research report on Tuesday. Wall Street Zen lowered USCB Financial from a "hold" rating to a "sell" rating in a research report on Saturday, April 25th. Hovde Group lifted their price target on USCB Financial from $19.50 to $20.00 and gave the stock a "market perform" rating in a research report on Monday. Finally, Raymond James Financial restated a "strong-buy" rating on shares of USCB Financial in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $22.00.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of USCB. NewEdge Advisors LLC boosted its holdings in shares of USCB Financial by 60.1% in the fourth quarter. NewEdge Advisors LLC now owns 1,700 shares of the company's stock valued at $31,000 after purchasing an additional 638 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of USCB Financial by 66.2% in the third quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company's stock valued at $39,000 after purchasing an additional 883 shares during the period. SG Americas Securities LLC boosted its holdings in shares of USCB Financial by 16.7% in the first quarter. SG Americas Securities LLC now owns 6,363 shares of the company's stock valued at $118,000 after purchasing an additional 910 shares during the period. TD Asset Management Inc boosted its holdings in shares of USCB Financial by 4.2% in the fourth quarter. TD Asset Management Inc now owns 44,696 shares of the company's stock valued at $823,000 after purchasing an additional 1,810 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of USCB Financial by 100.3% in the third quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company's stock valued at $65,000 after purchasing an additional 1,854 shares during the period. Hedge funds and other institutional investors own 61.34% of the company's stock.

USCB Financial Company Profile

USCB Financial NASDAQ: USCB is a bank holding company headquartered in Columbia, South Carolina, serving as the parent company of United Security Bank. Established to support community banking in the Midlands region, the company focuses on relationship-driven financial services tailored to both individuals and businesses. As a regional player, USCB Financial emphasizes personalized service through a network of full-service branch offices.

The company’s core business activities include commercial and consumer lending, deposit products and alternative delivery channels.

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