USCB Financial Holdings, Inc. (NASDAQ:USCB) Short Interest Update

USCB Financial Holdings, Inc. (NASDAQ:USCB) saw a large decline in short interest in December. As of December 15th, there was short interest totalling 47,700 shares, a decline of 15.3% from the November 30th total of 56,300 shares. Based on an average daily trading volume, of 30,100 shares, the short-interest ratio is presently 1.6 days. Approximately 0.5% of the shares of the stock are sold short.

Institutional Trading of USCB Financial

Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in shares of USCB Financial by 2.4% during the second 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 stake in USCB Financial during the 2nd quarter valued at $131,000. Dimensional Fund Advisors LP lifted its holdings 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 in the last quarter. Salzhauer Michael boosted its position in shares of USCB Financial by 76.4% in the second 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 period. Finally, Renaissance Technologies LLC grew its holdings in shares of USCB Financial by 88.6% during the second quarter. Renaissance Technologies LLC now owns 66,401 shares of the company’s stock valued at $852,000 after buying an additional 31,190 shares in the last quarter. 61.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Raymond James raised USCB Financial from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, November 1st. Piper Sandler upgraded shares of USCB Financial from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $17.00 to $20.00 in a research report on Monday, November 4th.

USCB Financial Stock Performance

Shares of NASDAQ USCB opened at $17.86 on Tuesday. The stock’s fifty day simple moving average is $18.30 and its 200 day simple moving average is $15.65. The stock has a market capitalization of $354.36 million, a price-to-earnings ratio of 17.34 and a beta of 0.59. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.55. USCB Financial has a 52-week low of $10.25 and a 52-week high of $21.86.

USCB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Friday, November 15th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.20 annualized dividend and a yield of 1.12%. USCB Financial’s payout ratio is presently 19.42%.

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.