USCB Financial (NASDAQ:USCB) Posts Quarterly Earnings Results

USCB Financial (NASDAQ:USCB) posted its quarterly earnings results on Thursday. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.07), Zacks reports. USCB Financial had a return on equity of 14.36% and a net margin of 20.23%.The business had revenue of $25.53 million for the quarter, compared to analysts’ expectations of $26.34 million.

USCB Financial Stock Performance

Shares of NASDAQ:USCB opened at $20.48 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $18.69 and a 200-day moving average price of $17.74. The company has a market cap of $370.89 million, a price-to-earnings ratio of 13.04 and a beta of 0.60. USCB Financial has a 12 month low of $15.39 and a 12 month high of $20.79.

USCB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th will be given a $0.125 dividend. The ex-dividend date is Tuesday, February 17th. This is a positive change from USCB Financial’s previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.4%. USCB Financial’s dividend payout ratio is presently 25.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on USCB shares. Weiss Ratings reiterated a “buy (b)” rating on shares of USCB Financial in a research report on Monday, December 29th. Zacks Research upgraded USCB Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Two research analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $22.00.

Insider Transactions at USCB Financial

In other USCB Financial news, Director W Kirk Wycoff sold 82,043 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $18.56, for a total transaction of $1,522,718.08. Following the completion of the transaction, the director owned 1,895,286 shares of the company’s stock, valued at $35,176,508.16. This represents a 4.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders sold 179,623 shares of company stock worth $3,303,784. 49.50% of the stock is owned by insiders.

Hedge Funds Weigh In On USCB Financial

Several hedge funds have recently made changes to their positions in the business. Millennium Management LLC lifted its stake in USCB Financial by 13.1% in the third quarter. Millennium Management LLC now owns 43,868 shares of the company’s stock worth $765,000 after acquiring an additional 5,064 shares during the period. Citadel Advisors LLC raised its holdings in USCB Financial by 142.6% in the 3rd quarter. Citadel Advisors LLC now owns 28,540 shares of the company’s stock worth $498,000 after purchasing an additional 16,776 shares in the last quarter. Bank of America Corp DE raised its holdings in USCB Financial by 16.8% in the 3rd quarter. Bank of America Corp DE now owns 38,711 shares of the company’s stock worth $676,000 after purchasing an additional 5,573 shares in the last quarter. Patriot Financial Partners GP II L.P. purchased a new stake in shares of USCB Financial in the 3rd quarter worth about $35,527,000. Finally, Fiduciary Trust Co bought a new stake in shares of USCB Financial during the 3rd quarter valued at about $227,000. 61.34% of the stock is owned by hedge funds and other institutional investors.

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.