USCB Financial Holdings, Inc. (NASDAQ:USCB) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of USCB Financial Holdings, Inc. (NASDAQ:USCB - Free Report) by 15.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 436,923 shares of the company's stock after buying an additional 58,365 shares during the period. Vanguard Group Inc. owned 2.22% of USCB Financial worth $4,981,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Basswood Capital Management L.L.C. purchased a new position in shares of USCB Financial during the 4th quarter valued at about $3,016,000. Pacific Ridge Capital Partners LLC lifted its position in shares of USCB Financial by 7.3% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 456,323 shares of the company's stock valued at $5,590,000 after buying an additional 31,238 shares in the last quarter. Salzhauer Michael purchased a new position in USCB Financial in the 1st quarter worth approximately $200,000. Finally, Mendon Capital Advisors Corp purchased a new position in USCB Financial in the 4th quarter worth approximately $10,306,000. 61.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on USCB shares. Hovde Group started coverage on USCB Financial in a report on Monday, August 12th. They issued a "market perform" rating and a $16.00 price target on the stock. Keefe, Bruyette & Woods boosted their price target on USCB Financial from $14.00 to $16.50 and gave the stock an "outperform" rating in a report on Monday, July 29th.

USCB Financial Price Performance

NASDAQ USCB traded up $0.01 during trading hours on Friday, reaching $14.81. The company's stock had a trading volume of 17,694 shares, compared to its average volume of 25,799. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.81. USCB Financial Holdings, Inc. has a 1 year low of $10.04 and a 1 year high of $16.82. The firm's 50-day moving average price is $13.62 and its 200-day moving average price is $12.17. The company has a market capitalization of $290.57 million, a price-to-earnings ratio of 19.23 and a beta of 0.41.

USCB Financial (NASDAQ:USCB - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.07. USCB Financial had a return on equity of 9.35% and a net margin of 13.67%. The business had revenue of $35.83 million for the quarter, compared to the consensus estimate of $18.56 million. During the same quarter in the previous year, the company posted $0.21 EPS. On average, equities research analysts predict that USCB Financial Holdings, Inc. will post 1.19 EPS for the current fiscal year.

USCB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Thursday, August 15th. USCB Financial's payout ratio is 25.97%.

Insiders Place Their Bets

In other news, CFO Robert B. Anderson acquired 7,000 shares of USCB Financial stock in a transaction on Thursday, May 23rd. The shares were acquired at an average price of $12.12 per share, with a total value of $84,840.00. Following the purchase, the chief financial officer now directly owns 86,933 shares in the company, valued at approximately $1,053,627.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 48.50% of the company's stock.

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.