Connor Clark & Lunn Investment Management Ltd. purchased a new position in USCB Financial Holdings, Inc. (NASDAQ:USCB - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,939 shares of the company's stock, valued at approximately $411,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.14% of USCB Financial at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of USCB. Endeavour Capital Advisors Inc. raised its stake in USCB Financial by 0.5% in the second quarter. Endeavour Capital Advisors Inc. now owns 1,378,028 shares of the company's stock valued at $17,680,000 after purchasing an additional 6,747 shares in the last quarter. Mendon Capital Advisors Corp grew its position in USCB Financial by 611.6% during the second quarter. Mendon Capital Advisors Corp now owns 610,136 shares of the company's stock valued at $7,828,000 after acquiring an additional 524,398 shares during the last quarter. Vanguard Group Inc. grew its position in USCB Financial by 15.4% during the first quarter. Vanguard Group Inc. now owns 436,923 shares of the company's stock valued at $4,981,000 after acquiring an additional 58,365 shares during the last quarter. Dimensional Fund Advisors LP grew its position in USCB Financial by 23.2% during the second quarter. Dimensional Fund Advisors LP now owns 66,649 shares of the company's stock valued at $854,000 after acquiring an additional 12,542 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in USCB Financial by 88.6% during the second quarter. Renaissance Technologies LLC now owns 66,401 shares of the company's stock valued at $852,000 after acquiring an additional 31,190 shares during the last quarter. 61.34% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
USCB has been the topic of a number of recent research reports. Piper Sandler upgraded shares of USCB Financial from a "neutral" rating to an "overweight" rating and increased their price target for the company from $17.00 to $20.00 in a research report on Monday, November 4th. Hovde Group initiated coverage on shares of USCB Financial in a research report on Monday, August 12th. They set a "market perform" rating and a $16.00 price target on the stock. Finally, Raymond James upgraded shares of USCB Financial from a "moderate buy" rating to a "strong-buy" rating in a research report on Friday, November 1st.
Get Our Latest Report on USCB
Insider Activity at USCB Financial
In related news, Director Ramon A. Rodriguez purchased 6,000 shares of the business's stock in a transaction that occurred on Monday, September 16th. The shares were acquired at an average price of $14.61 per share, for a total transaction of $87,660.00. Following the completion of the acquisition, the director now directly owns 12,000 shares in the company, valued at approximately $175,320. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 48.50% of the stock is currently owned by company insiders.
USCB Financial Trading Up 0.4 %
Shares of USCB Financial stock traded up $0.09 on Friday, hitting $20.48. The stock had a trading volume of 16,847 shares, compared to its average volume of 26,091. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.55. USCB Financial Holdings, Inc. has a one year low of $10.25 and a one year high of $21.86. The stock has a market cap of $406.34 million, a price-to-earnings ratio of 19.88 and a beta of 0.40. The stock's 50-day simple moving average is $16.73 and its two-hundred day simple moving average is $14.68.
USCB Financial Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Friday, November 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Friday, November 15th. USCB Financial's dividend payout ratio (DPR) is currently 19.42%.
About USCB Financial
(
Free Report)
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.
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