Bank of New York Mellon Corp Sells 869 Shares of USCB Financial Holdings, Inc. (NASDAQ:USCB)

Bank of New York Mellon Corp decreased its stake in USCB Financial Holdings, Inc. (NASDAQ:USCB) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,862 shares of the company’s stock after selling 869 shares during the period. Bank of New York Mellon Corp’s holdings in USCB Financial were worth $388,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Basswood Capital Management L.L.C. increased its position in shares of USCB Financial by 22.6% during the third quarter. Basswood Capital Management L.L.C. now owns 550,349 shares of the company’s stock worth $8,393,000 after buying an additional 101,384 shares during the period. Geode Capital Management LLC boosted its position in USCB Financial by 1.4% during the third quarter. Geode Capital Management LLC now owns 237,892 shares of the company’s stock valued at $3,628,000 after acquiring an additional 3,250 shares during the last quarter. Barclays PLC grew its holdings in USCB Financial by 57.8% during the 3rd quarter. Barclays PLC now owns 32,400 shares of the company’s stock worth $494,000 after acquiring an additional 11,866 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in USCB Financial during the third quarter worth approximately $411,000. Finally, JPMorgan Chase & Co. lifted its stake in USCB Financial by 228.4% in the third quarter. JPMorgan Chase & Co. now owns 19,686 shares of the company’s stock valued at $300,000 after buying an additional 13,692 shares during the period. Institutional investors own 61.34% of the company’s stock.

USCB Financial Stock Down 0.4 %

Shares of NASDAQ USCB opened at $18.66 on Friday. 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 firm has a market cap of $374.19 million, a PE ratio of 15.17 and a beta of 0.64. The company’s fifty day simple moving average is $18.88 and its 200 day simple moving average is $17.72. USCB Financial Holdings, Inc. has a 12-month low of $10.25 and a 12-month high of $21.86.

USCB Financial (NASDAQ:USCB) last released its quarterly earnings data on Thursday, January 23rd. The company reported $0.34 earnings per share (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 forecast 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 declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Friday, February 14th were given a $0.10 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.40 annualized dividend and a yield of 2.14%. This is an increase from USCB Financial’s previous quarterly dividend of $0.05. USCB Financial’s dividend payout ratio (DPR) is presently 32.52%.

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.