JPMorgan Chase & Co. Grows Stake in USCB Financial Holdings, Inc. (NASDAQ:USCB)

JPMorgan Chase & Co. grew its stake in shares of USCB Financial Holdings, Inc. (NASDAQ:USCB - Free Report) by 228.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,686 shares of the company's stock after purchasing an additional 13,692 shares during the period. JPMorgan Chase & Co. owned approximately 0.10% of USCB Financial worth $300,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in USCB. Basswood Capital Management L.L.C. lifted its position in USCB Financial by 22.6% during the third quarter. Basswood Capital Management L.L.C. now owns 550,349 shares of the company's stock valued at $8,393,000 after buying an additional 101,384 shares in the last quarter. Geode Capital Management LLC boosted its position in USCB Financial by 1.4% during the 3rd 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 period. Dimensional Fund Advisors LP raised its position in USCB Financial by 23.2% in the second quarter. Dimensional Fund Advisors LP now owns 66,649 shares of the company's stock valued at $854,000 after purchasing an additional 12,542 shares during the period. Renaissance Technologies LLC lifted its stake in shares of USCB Financial by 88.6% during the second quarter. Renaissance Technologies LLC now owns 66,401 shares of the company's stock worth $852,000 after purchasing an additional 31,190 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of USCB Financial by 57.8% in the third quarter. Barclays PLC now owns 32,400 shares of the company's stock worth $494,000 after buying an additional 11,866 shares during the period. 61.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

USCB has been the topic of several analyst reports. Piper Sandler upgraded USCB Financial from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $17.00 to $20.00 in a report on Monday, November 4th. Raymond James raised shares of USCB Financial from a "moderate buy" rating to a "strong-buy" rating in a report on Friday, November 1st.

USCB Financial Stock Performance

Shares of USCB stock traded up $0.11 during trading hours on Monday, reaching $19.09. 21,792 shares of the company's stock were exchanged, compared to its average volume of 24,771. The business has a fifty day moving average price of $18.53 and a 200-day moving average price of $16.65. The stock has a market capitalization of $378.75 million, a P/E ratio of 15.52 and a beta of 0.64. 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 fifty-two week low of $10.25 and a fifty-two week high of $21.86.

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 (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). USCB Financial had a return on equity of 12.14% and a net margin of 17.14%. Analysts predict that USCB Financial Holdings, Inc. will post 1.52 EPS for the current fiscal year.

USCB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Friday, February 14th will be given a $0.10 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.10%. This is a boost from USCB Financial's previous quarterly dividend of $0.05. USCB Financial's dividend payout ratio is currently 16.26%.

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.