TD Asset Management Inc Invests $748,000 in USCB Financial Holdings, Inc. $USCB

TD Asset Management Inc purchased a new stake in USCB Financial Holdings, Inc. (NASDAQ:USCB) during the third quarter, according to its most recent filing with the SEC. The firm purchased 42,886 shares of the company’s stock, valued at approximately $748,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Endeavour Capital Advisors Inc. raised its holdings in USCB Financial by 0.5% in the third quarter. Endeavour Capital Advisors Inc. now owns 1,247,211 shares of the company’s stock worth $21,764,000 after purchasing an additional 6,262 shares during the period. GSA Capital Partners LLP boosted its position in shares of USCB Financial by 52.0% during the third quarter. GSA Capital Partners LLP now owns 24,530 shares of the company’s stock worth $428,000 after purchasing an additional 8,397 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of USCB Financial by 2,081.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,210 shares of the company’s stock valued at $70,000 after buying an additional 4,017 shares during the period. Salzhauer Michael increased its position in shares of USCB Financial by 8.4% in the 2nd quarter. Salzhauer Michael now owns 31,729 shares of the company’s stock valued at $525,000 after buying an additional 2,460 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of USCB Financial by 34.9% in the 2nd quarter. Bank of America Corp DE now owns 33,138 shares of the company’s stock valued at $548,000 after buying an additional 8,581 shares in the last quarter. Institutional investors own 61.34% of the company’s stock.

Analyst Ratings Changes

USCB has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of USCB Financial in a report on Monday, December 29th. Zacks Research downgraded USCB Financial from a “hold” rating to a “strong sell” rating in a report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, USCB Financial presently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Insider Activity at USCB Financial

In other USCB Financial news, Director W Kirk Wycoff sold 39,000 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $18.68, for a total transaction of $728,520.00. Following the completion of the transaction, the director owned 1,856,286 shares of the company’s stock, valued at $34,675,422.48. This represents a 2.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO La Aguilera Luis De sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $18.02, for a total transaction of $180,200.00. Following the transaction, the chief executive officer directly owned 245,893 shares of the company’s stock, valued at $4,430,991.86. This represents a 3.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 131,043 shares of company stock worth $2,431,438 in the last 90 days. Company insiders own 49.50% of the company’s stock.

USCB Financial Price Performance

Shares of NASDAQ USCB opened at $18.45 on Friday. The firm has a market cap of $334.13 million, a PE ratio of 14.19 and a beta of 0.60. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.24. USCB Financial Holdings, Inc. has a 1-year low of $15.39 and a 1-year high of $20.78. The company has a fifty day moving average price of $19.28 and a 200 day moving average price of $18.23.

USCB Financial (NASDAQ:USCB) last released its quarterly earnings results on Thursday, January 22nd. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.07). The firm had revenue of $25.53 million during the quarter, compared to analyst estimates of $26.34 million. USCB Financial had a net margin of 16.36% and a return on equity of 14.78%. Research analysts predict that USCB Financial Holdings, Inc. will post 1.58 earnings per share for the current fiscal year.

USCB Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Tuesday, February 17th were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.50 dividend on an annualized basis and a yield of 2.7%. This is a boost from USCB Financial’s previous quarterly dividend of $0.10. USCB Financial’s payout ratio is 38.46%.

USCB Financial 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.