USCB Financial Holdings, Inc. (NASDAQ:USCB) Short Interest Down 15.3% in December

USCB Financial Holdings, Inc. (NASDAQ:USCB - Get Free Report) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 47,700 shares, a decrease of 15.3% from the November 30th total of 56,300 shares. Approximately 0.5% of the company's stock are short sold. Based on an average daily volume of 30,100 shares, the days-to-cover ratio is currently 1.6 days.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On USCB Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its stake in USCB Financial by 2.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 29,990 shares of the company's stock valued at $385,000 after acquiring an additional 690 shares during the period. LSV Asset Management acquired a new position in shares of USCB Financial in the second quarter valued at $131,000. Dimensional Fund Advisors LP raised its position in shares of 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. Salzhauer Michael lifted its stake in shares of USCB Financial by 76.4% during the 2nd quarter. Salzhauer Michael now owns 31,000 shares of the company's stock worth $398,000 after buying an additional 13,428 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of USCB Financial by 88.6% during the 2nd quarter. Renaissance Technologies LLC now owns 66,401 shares of the company's stock worth $852,000 after buying an additional 31,190 shares during the period. Institutional investors own 61.34% of the company's stock.

USCB Financial Stock Performance

NASDAQ USCB traded down $0.27 on Friday, hitting $17.71. 29,336 shares of the stock were exchanged, compared to its average volume of 26,405. The company has a market capitalization of $351.38 million, a PE ratio of 17.19 and a beta of 0.59. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.91 and a quick ratio of 0.91. The business's fifty day moving average is $18.30 and its 200 day moving average is $15.62. USCB Financial has a 52 week low of $10.25 and a 52 week high of $21.86.

USCB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Friday, November 15th were issued a $0.05 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.13%. USCB Financial's payout ratio is 19.42%.

About USCB Financial

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.