USCB Financial Holdings, Inc. (NASDAQ:USCB) Shares Purchased by Mendon Capital Advisors Corp

Mendon Capital Advisors Corp boosted its position in shares of USCB Financial Holdings, Inc. (NASDAQ:USCB - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 674,811 shares of the company's stock after buying an additional 46,206 shares during the period. USCB Financial accounts for approximately 5.9% of Mendon Capital Advisors Corp's portfolio, making the stock its 4th biggest holding. Mendon Capital Advisors Corp owned about 3.40% of USCB Financial worth $11,978,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp acquired a new position in shares of USCB Financial in the 3rd quarter valued at $244,000. Barclays PLC increased its stake in 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 holdings 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 valued at $3,628,000 after buying an additional 3,250 shares during the last quarter. JPMorgan Chase & Co. boosted its stake 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 worth $300,000 after buying an additional 13,692 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new position in shares of USCB Financial during the fourth quarter worth about $332,000. Hedge funds and other institutional investors own 61.34% of the company's stock.

USCB Financial Stock Performance

USCB traded down $1.70 during trading on Friday, reaching $16.17. The company's stock had a trading volume of 29,625 shares, compared to its average volume of 28,098. The company has a market capitalization of $324.26 million, a price-to-earnings ratio of 13.15 and a beta of 0.65. The company's fifty day moving average price is $18.05 and its 200-day moving average price is $18.06. USCB Financial Holdings, Inc. has a 52-week low of $10.34 and a 52-week high of $21.86. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.91 and a current ratio of 0.91.

USCB Financial (NASDAQ:USCB - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. USCB Financial had a return on equity of 12.14% and a net margin of 17.14%. The firm had revenue of $22.83 million during the quarter, compared to analysts' expectations of $22.94 million. On average, equities analysts forecast that USCB Financial Holdings, Inc. will post 1.58 earnings per share for the current fiscal year.

USCB Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Thursday, May 15th. USCB Financial's dividend payout ratio (DPR) is 28.99%.

Analyst Ratings Changes

Separately, Raymond James lowered USCB Financial from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd.

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.