USCB Financial Holdings, Inc. (NASDAQ:USCB) Position Increased by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its position in shares of USCB Financial Holdings, Inc. (NASDAQ:USCB - Free Report) by 17.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,088 shares of the company's stock after purchasing an additional 17,488 shares during the period. Renaissance Technologies LLC owned about 0.59% of USCB Financial worth $2,078,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN lifted its holdings in USCB Financial by 32.8% in the 4th quarter. Wells Fargo & Company MN now owns 5,799 shares of the company's stock worth $103,000 after buying an additional 1,431 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 worth $3,628,000 after acquiring an additional 3,250 shares in the last quarter. Barclays PLC boosted its holdings 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 last quarter. JPMorgan Chase & Co. grew its stake in USCB Financial by 228.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,686 shares of the company's stock valued at $300,000 after purchasing an additional 13,692 shares in the last quarter. Finally, Stifel Financial Corp acquired a new stake in USCB Financial during the 3rd quarter valued at approximately $244,000. 61.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

USCB has been the subject of a number of recent analyst reports. Raymond James downgraded shares of USCB Financial from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods reduced their price objective on shares of USCB Financial from $23.00 to $21.00 and set an "outperform" rating on the stock in a research note on Monday.

USCB Financial Stock Performance

NASDAQ:USCB traded up $0.69 during trading hours on Tuesday, reaching $17.41. 22,137 shares of the stock were exchanged, compared to its average volume of 28,108. The stock has a market capitalization of $349.12 million, a P/E ratio of 14.15 and a beta of 0.65. The firm has a 50 day simple moving average of $18.00 and a 200-day simple moving average of $18.13. 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 52 week low of $10.70 and a 52 week high of $21.86.

USCB Financial (NASDAQ:USCB - Get Free Report) last announced 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 for the quarter, compared to analysts' expectations of $22.94 million. As a group, sell-side analysts forecast that USCB Financial Holdings, Inc. will post 1.58 earnings per share for the current fiscal year.

USCB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Thursday, May 15th. USCB Financial's dividend payout ratio (DPR) is presently 28.99%.

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.