Connor Clark & Lunn Investment Management Ltd. Increases Stock Position in USCB Financial Holdings, Inc. (NASDAQ:USCB)

Connor Clark & Lunn Investment Management Ltd. raised its holdings in USCB Financial Holdings, Inc. (NASDAQ:USCB - Free Report) by 70.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,967 shares of the company's stock after buying an additional 19,028 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.23% of USCB Financial worth $816,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in USCB. Los Angeles Capital Management LLC purchased a new stake in shares of USCB Financial during the fourth quarter valued at $332,000. JPMorgan Chase & Co. grew its stake in USCB Financial by 228.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,686 shares of the company's stock valued at $300,000 after purchasing an additional 13,692 shares during the last quarter. Barclays PLC increased its holdings in shares of USCB Financial by 57.8% in the third quarter. Barclays PLC now owns 32,400 shares of the company's stock valued at $494,000 after purchasing an additional 11,866 shares during the period. Geode Capital Management LLC raised its stake in shares of USCB Financial by 1.4% in the third quarter. Geode Capital Management LLC now owns 237,892 shares of the company's stock worth $3,628,000 after purchasing an additional 3,250 shares during the last quarter. Finally, Stifel Financial Corp acquired a new stake in shares of USCB Financial during the third quarter worth about $244,000. Institutional investors and hedge funds own 61.34% of the company's stock.

USCB Financial Stock Performance

NASDAQ:USCB traded down $0.07 during midday trading on Tuesday, hitting $19.10. The company's stock had a trading volume of 111,590 shares, compared to its average volume of 27,004. USCB Financial Holdings, Inc. has a fifty-two week low of $10.25 and a fifty-two week high of $21.86. 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 firm has a market cap of $383.01 million, a P/E ratio of 15.53 and a beta of 0.64. The firm's 50 day moving average is $18.81 and its 200-day moving average is $17.64.

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USCB Financial (NASDAQ:USCB - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). USCB Financial had a return on equity of 12.14% and a net margin of 17.14%. Equities analysts anticipate that USCB Financial Holdings, Inc. will post 1.58 earnings per share for the current fiscal year.

USCB Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Friday, February 14th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from USCB Financial's previous quarterly dividend of $0.05. USCB Financial's payout ratio is 32.52%.

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.