2 weeks Ago By ABMN Staff
Rhumbline Advisers lowered its stake in shares of USCB Financial Holdings, Inc. ( NASDAQ:USCB – Free Report ) by 5.9% in the second quarter, Holdings Channel reports.
The institutional investor owned 16,063 shares of the company’s stock after selling 999 shares during the period. Rhumbline Advisers’ holdings in USCB Financial were worth $206,000 as of its most recent filing with the SEC. A number of other large investors have also made changes to their positions in the stock.
Vanguard Group Inc. raised its position in shares of USCB Financial by 15.4% during the first quarter.
Vanguard Group Inc. now owns 436,923 shares of the company’s stock valued at $4,981,000 after buying an additional 58,365 shares during the last quarter. Basswood Capital Management L.
L.C. acquired a new position in USCB Financial in the fourth quarter worth about $3,016,000.
Jacobs Levy Equity Management Inc. acquired a new position in USCB Financial in the first quarter worth about $358,000. Bank of New York Mellon Corp raised its position in USCB Financial by 2.
4% in the second quarter. Bank of New York Mellon Corp now owns 29,990 shares of the company’s stock worth $385,000 after purchasing an additional 690 shares in the last quarter. Finally, Salzhauer Michael acquired a new position in USCB Financial in the first quarter worth about $200,000.
Institutional investors and hedge funds own 61.34% of the company’s stock. Insiders Place Their Bets In related news, Director Ramon A.
Rodriguez purchased 6,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were acquired at an average cost of $14.61 per share, with a total value of $87,660.
00. Following the completion of the purchase, the director now directly owns 12,000 shares of the company’s stock, valued at $175,320. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink .
Insiders own 48.50% of the company’s stock. USCB Financial Price Performance USCB Financial ( NASDAQ:USCB – Get Free Report ) last issued its quarterly earnings data on Thursday, July 25th.
The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.
07. The firm had revenue of $35.83 million for the quarter, compared to analysts’ expectations of $18.
56 million. USCB Financial had a net margin of 13.67% and a return on equity of 9.
35%. During the same period in the prior year, the firm earned $0.21 earnings per share.
On average, equities analysts predict that USCB Financial Holdings, Inc. will post 1.19 earnings per share for the current fiscal year.
USCB Financial Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.05 per share.
The ex-dividend date was Thursday, August 15th. This represents a $0.20 annualized dividend and a yield of 1.
30%. USCB Financial’s dividend payout ratio is 25.97%.
Wall Street Analysts Forecast Growth Several research analysts recently issued reports on the stock. Hovde Group assumed coverage on shares of USCB Financial in a research report on Monday, August 12th. They issued a “market perform” rating and a $16.
00 price target for the company. Keefe, Bruyette & Woods increased their price target on shares of USCB Financial from $14.00 to $16.
50 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Read Our Latest Analysis on USCB Financial USCB Financial Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding USCB? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for USCB Financial Holdings, Inc. ( NASDAQ:USCB – Free Report ). Receive News & Ratings for USCB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USCB Financial and related companies with MarketBeat.
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