Ramon A. Rodriguez Acquires 900 Shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) Stock

USCB Financial Holdings, Inc. (NASDAQ:USCB) Director Ramon A. Rodriguez acquired 900 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was bought at an average price of $11.18 per share, with a total value of $10,062.00. Following the acquisition, the director now directly owns 4,400 shares of the company’s stock, valued at approximately $49,192. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

USCB Financial Stock Performance

Shares of NASDAQ USCB traded up $0.18 during trading hours on Thursday, reaching $12.00. 1,925 shares of the stock were exchanged, compared to its average volume of 20,985. The firm has a market capitalization of $235.80 million, a price-to-earnings ratio of 15.48 and a beta of 0.35. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.93 and a current ratio of 0.93. USCB Financial Holdings, Inc. has a 52 week low of $8.56 and a 52 week high of $12.97. The stock’s fifty day simple moving average is $10.98 and its 200 day simple moving average is $11.41.

USCB Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.67%. USCB Financial’s dividend payout ratio (DPR) is currently 25.97%.

Hedge Funds Weigh In On USCB Financial

Hedge funds have recently added to or reduced their stakes in the stock. LWM Advisory Services LLC bought a new position in USCB Financial during the 3rd quarter worth $38,000. Salzhauer Michael bought a new position in shares of USCB Financial in the 1st quarter valued at $200,000. Kennedy Capital Management LLC increased its stake in shares of USCB Financial by 7.9% in the 3rd quarter. Kennedy Capital Management LLC now owns 71,717 shares of the company’s stock valued at $754,000 after purchasing an additional 5,243 shares during the last quarter. Basswood Capital Management L.L.C. bought a new position in shares of USCB Financial in the 4th quarter valued at $3,016,000. Finally, Pacific Ridge Capital Partners LLC increased its stake 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 valued at $4,468,000 after purchasing an additional 22,229 shares during the last quarter. Institutional investors own 61.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on USCB shares. Raymond James increased their price target on USCB Financial from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. Keefe, Bruyette & Woods increased their price target on USCB Financial from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th.

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.