Ramon Abadin Sells 6,552 Shares of USCB Financial (NASDAQ:USCB) Stock

USCB Financial Holdings, Inc. (NASDAQ:USCBGet Free Report) Director Ramon Abadin sold 6,552 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $18.03, for a total transaction of $118,132.56. Following the completion of the sale, the director directly owned 24,561 shares in the company, valued at approximately $442,834.83. The trade was a 21.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Ramon Abadin also recently made the following trade(s):

  • On Thursday, May 14th, Ramon Abadin sold 9,000 shares of USCB Financial stock. The shares were sold at an average price of $18.21, for a total transaction of $163,890.00.

USCB Financial Price Performance

Shares of NASDAQ USCB opened at $17.95 on Friday. The stock has a market cap of $327.84 million, a price-to-earnings ratio of 12.55 and a beta of 0.53. USCB Financial Holdings, Inc. has a 52 week low of $15.56 and a 52 week high of $20.78. The company’s 50-day moving average price is $18.77 and its 200 day moving average price is $18.76. The company has a current ratio of 0.91, a quick ratio of 0.93 and a debt-to-equity ratio of 0.41.

USCB Financial (NASDAQ:USCBGet Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The business had revenue of $26.18 million during the quarter, compared to analyst estimates of $25.95 million. USCB Financial had a net margin of 17.04% and a return on equity of 15.37%. As a group, research analysts forecast that USCB Financial Holdings, Inc. will post 2.02 earnings per share for the current fiscal year.

USCB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, May 15th. USCB Financial’s dividend payout ratio is presently 34.97%.

Institutional Investors Weigh In On USCB Financial

Hedge funds have recently modified their holdings of the company. TD Asset Management Inc acquired a new stake in shares of USCB Financial during the 3rd quarter worth about $748,000. GSA Capital Partners LLP boosted its stake in shares of USCB Financial by 52.0% during the 3rd quarter. GSA Capital Partners LLP now owns 24,530 shares of the company’s stock worth $428,000 after purchasing an additional 8,397 shares during the last quarter. Endeavour Capital Advisors Inc. boosted its stake in shares of USCB Financial by 0.5% during the 3rd quarter. Endeavour Capital Advisors Inc. now owns 1,247,211 shares of the company’s stock worth $21,764,000 after purchasing an additional 6,262 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of USCB Financial by 100.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company’s stock worth $65,000 after purchasing an additional 1,854 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of USCB Financial by 66.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company’s stock worth $39,000 after purchasing an additional 883 shares during the last quarter. 61.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on USCB. Raymond James Financial reissued a “strong-buy” rating on shares of USCB Financial in a research note on Monday, April 27th. Zacks Research raised shares of USCB Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Piper Sandler increased their price objective on shares of USCB Financial from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Wall Street Zen raised shares of USCB Financial from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, Hovde Group raised their price target on shares of USCB Financial from $19.50 to $20.00 and gave the stock a “market perform” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, USCB Financial has an average rating of “Moderate Buy” and an average price target of $22.00.

View Our Latest Stock Analysis on USCB

USCB Financial Company Profile

(Get Free Report)

USCB Financial (NASDAQ: USCB) is a bank holding company headquartered in Columbia, South Carolina, serving as the parent company of United Security Bank. Established to support community banking in the Midlands region, the company focuses on relationship-driven financial services tailored to both individuals and businesses. As a regional player, USCB Financial emphasizes personalized service through a network of full-service branch offices.

The company’s core business activities include commercial and consumer lending, deposit products and alternative delivery channels.

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Insider Buying and Selling by Quarter for USCB Financial (NASDAQ:USCB)

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