Los Angeles Capital Management LLC Invests $332,000 in USCB Financial Holdings, Inc. (NASDAQ:USCB)

Los Angeles Capital Management LLC bought a new stake in shares of USCB Financial Holdings, Inc. (NASDAQ:USCB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,718 shares of the company's stock, valued at approximately $332,000. Los Angeles Capital Management LLC owned about 0.09% of USCB Financial at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in USCB. MetLife Investment Management LLC raised its holdings in shares of USCB Financial by 129.0% during the third quarter. MetLife Investment Management LLC now owns 6,656 shares of the company's stock valued at $102,000 after acquiring an additional 3,750 shares during the period. Stifel Financial Corp acquired a new stake in shares of USCB Financial during the third quarter valued at approximately $244,000. JPMorgan Chase & Co. raised its holdings in shares of USCB Financial by 228.4% during the third quarter. JPMorgan Chase & Co. now owns 19,686 shares of the company's stock valued at $300,000 after acquiring an additional 13,692 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of USCB Financial during the third quarter valued at approximately $411,000. Finally, Barclays PLC raised its holdings in shares of USCB Financial by 57.8% during the third quarter. Barclays PLC now owns 32,400 shares of the company's stock valued at $494,000 after acquiring an additional 11,866 shares during the period. 61.34% of the stock is owned by institutional investors and hedge funds.

USCB Financial Trading Up 2.1 %

Shares of USCB stock traded up $0.37 during trading hours on Friday, reaching $18.32. 12,065 shares of the stock traded hands, compared to its average volume of 19,861. The firm has a market capitalization of $363.49 million, a PE ratio of 14.89 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. The business has a fifty day moving average price of $18.56 and a 200 day moving average price of $17.28. USCB Financial Holdings, Inc. has a 1-year low of $10.25 and a 1-year high of $21.86.

Remove Ads

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 the consensus estimate of $0.36 by ($0.02). USCB Financial had a net margin of 17.14% and a return on equity of 12.14%. On average, equities research analysts forecast that USCB Financial Holdings, Inc. will post 1.58 EPS for the current year.

USCB Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Friday, February 14th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.18%. The ex-dividend date was Friday, February 14th. This is a positive change from USCB Financial's previous quarterly dividend of $0.05. USCB Financial's dividend payout ratio is currently 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.