USCB Financial Holdings, Inc. (NASDAQ:USCB) Short Interest Up 23.2% in March

USCB Financial Holdings, Inc. (NASDAQ:USCB - Get Free Report) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 57,900 shares, an increase of 23.2% from the February 28th total of 47,000 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 27,200 shares, the short-interest ratio is currently 2.1 days.

USCB Financial Price Performance

USCB Financial stock traded down $1.48 during mid-day trading on Thursday, hitting $16.98. 19,933 shares of the company were exchanged, compared to its average volume of 28,017. The company has a market capitalization of $340.50 million, a PE ratio of 13.80 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 of $18.89 and a 200 day moving average of $17.83. USCB Financial has a 1-year low of $10.25 and a 1-year high of $21.86.

USCB Financial (NASDAQ:USCB - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). USCB Financial had a return on equity of 12.14% and a net margin of 17.14%. As a group, sell-side analysts expect that USCB Financial will post 1.58 earnings per share for the current year.

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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 given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from USCB Financial's previous quarterly dividend of $0.05. USCB Financial's dividend payout ratio (DPR) is presently 32.52%.

Hedge Funds Weigh In On USCB Financial

A number of institutional investors have recently modified their holdings of USCB. Millennium Management LLC lifted its holdings in USCB Financial by 59.1% during the 4th quarter. Millennium Management LLC now owns 62,133 shares of the company's stock worth $1,103,000 after buying an additional 23,072 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of USCB Financial by 25.9% during the fourth quarter. Bank of America Corp DE now owns 25,552 shares of the company's stock valued at $454,000 after acquiring an additional 5,252 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of USCB Financial during the fourth quarter valued at $36,000. Mendon Capital Advisors Corp boosted its stake in shares of USCB Financial by 7.4% in the 4th quarter. Mendon Capital Advisors Corp now owns 674,811 shares of the company's stock valued at $11,978,000 after purchasing an additional 46,206 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of USCB Financial by 8.1% during the fourth quarter. Hsbc Holdings PLC now owns 21,553 shares of the company's stock worth $382,000 after buying an additional 1,613 shares during the last quarter. 61.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Raymond James lowered shares of USCB Financial from an "outperform" rating to a "market perform" rating in a research report on Wednesday.

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.