USCB Financial Holdings, Inc. (NASDAQ:USCB) Stake Reduced by Curi RMB Capital LLC

Curi RMB Capital LLC decreased its position in USCB Financial Holdings, Inc. (NASDAQ:USCB - Free Report) by 6.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 570,636 shares of the company's stock after selling 39,500 shares during the period. Curi RMB Capital LLC owned about 2.91% of USCB Financial worth $8,702,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. LSV Asset Management acquired a new position in shares of USCB Financial during the 2nd quarter worth $131,000. Hsbc Holdings PLC acquired a new position in USCB Financial during the second quarter worth about $134,000. Jacobs Levy Equity Management Inc. purchased a new position in USCB Financial in the first quarter valued at about $358,000. Bank of New York Mellon Corp lifted its position in shares of USCB Financial by 2.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 29,990 shares of the company's stock valued at $385,000 after acquiring an additional 690 shares during the period. Finally, Salzhauer Michael lifted its position in shares of USCB Financial by 76.4% during the 2nd quarter. Salzhauer Michael now owns 31,000 shares of the company's stock valued at $398,000 after acquiring an additional 13,428 shares during the period. 61.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on USCB. Keefe, Bruyette & Woods raised their price target on USCB Financial from $14.00 to $16.50 and gave the company an "outperform" rating in a research report on Monday, July 29th. Hovde Group initiated coverage on shares of USCB Financial in a report on Monday, August 12th. They set a "market perform" rating and a $16.00 target price for the company. Raymond James raised shares of USCB Financial from a "moderate buy" rating to a "strong-buy" rating in a report on Friday, November 1st. Finally, Piper Sandler raised shares of USCB Financial from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $17.00 to $20.00 in a research note on Monday, November 4th.

Insider Activity

In other news, Director Ramon A. Rodriguez acquired 6,000 shares of the business's stock in a transaction that occurred on Monday, September 16th. The shares were purchased at an average cost of $14.61 per share, for a total transaction of $87,660.00. Following the transaction, the director now directly owns 12,000 shares in the company, valued at $175,320. This trade represents a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 48.50% of the company's stock.

USCB Financial Trading Down 1.5 %

Shares of NASDAQ USCB traded down $0.30 on Friday, reaching $19.85. 30,787 shares of the company traded hands, compared to its average volume of 25,583. The company has a 50 day moving average of $15.55 and a 200 day moving average of $14.05. The company has a current ratio of 0.91, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55. USCB Financial Holdings, Inc. has a fifty-two week low of $10.25 and a fifty-two week high of $21.86. The stock has a market capitalization of $389.46 million, a PE ratio of 19.61 and a beta of 0.40.

USCB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Friday, November 15th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Friday, November 15th. USCB Financial's payout ratio is currently 19.42%.

USCB Financial 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.