USCB Financial Holdings, Inc. (NASDAQ:USCB) Shares Sold by ELCO Management Co. LLC

ELCO Management Co. LLC reduced its stake in shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) by 25.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,522 shares of the company’s stock after selling 14,687 shares during the period. ELCO Management Co. LLC owned approximately 0.22% of USCB Financial worth $773,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its position in shares of USCB Financial by 32.8% during the 4th quarter. Wells Fargo & Company MN now owns 5,799 shares of the company’s stock worth $103,000 after purchasing an additional 1,431 shares during the last quarter. Geode Capital Management LLC grew its holdings in USCB Financial by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 237,892 shares of the company’s stock valued at $3,628,000 after buying an additional 3,250 shares during the period. MetLife Investment Management LLC increased its position in USCB Financial by 129.0% during the third quarter. MetLife Investment Management LLC now owns 6,656 shares of the company’s stock worth $102,000 after purchasing an additional 3,750 shares during the last quarter. Barclays PLC raised its position in shares of USCB Financial by 57.8% in the 3rd quarter. Barclays PLC now owns 32,400 shares of the company’s stock worth $494,000 after buying an additional 11,866 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of USCB Financial by 228.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,686 shares of the company’s stock worth $300,000 after purchasing an additional 13,692 shares during the period. 61.34% of the stock is owned by hedge funds and other institutional investors.

USCB Financial Trading Down 1.9 %

Shares of NASDAQ:USCB opened at $16.50 on Wednesday. The company has a 50 day moving average of $18.65 and a 200-day moving average of $17.88. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.55. The firm has a market cap of $330.87 million, a P/E ratio of 13.41 and a beta of 0.65. USCB Financial Holdings, Inc. has a twelve month low of $10.25 and a twelve month high of $21.86.

USCB Financial (NASDAQ:USCB) last announced its earnings results on Thursday, January 23rd. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). USCB Financial had a net margin of 17.14% and a return on equity of 12.14%. As a group, analysts anticipate that USCB Financial Holdings, Inc. will post 1.58 earnings per share for the current fiscal year.

USCB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Friday, February 14th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from USCB Financial’s previous quarterly dividend of $0.05. USCB Financial’s payout ratio is presently 32.52%.

Analysts Set New Price Targets

Separately, Raymond James lowered shares of USCB Financial from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 2nd.

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.