USCB Financial Holdings, Inc. (NASDAQ:USCB) Short Interest Up 23.2% in March

USCB Financial Holdings, Inc. (NASDAQ:USCB) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 57,900 shares, a growth of 23.2% from the February 28th total of 47,000 shares. Based on an average daily volume of 27,200 shares, the days-to-cover ratio is currently 2.1 days. Currently, 0.6% of the company’s shares are short sold.

Institutional Trading of USCB Financial

Several hedge funds have recently modified their holdings of the stock. Millennium Management LLC raised its position in USCB Financial by 59.1% in the 4th quarter. Millennium Management LLC now owns 62,133 shares of the company’s stock worth $1,103,000 after purchasing an additional 23,072 shares during the last quarter. Bank of America Corp DE raised its position in shares of USCB Financial by 25.9% during the fourth quarter. Bank of America Corp DE now owns 25,552 shares of the company’s stock worth $454,000 after acquiring an additional 5,252 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of USCB Financial during the fourth quarter valued at $36,000. Mendon Capital Advisors Corp boosted its holdings in USCB Financial by 7.4% in the fourth quarter. Mendon Capital Advisors Corp now owns 674,811 shares of the company’s stock valued at $11,978,000 after acquiring an additional 46,206 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in USCB Financial by 8.1% in the fourth quarter. Hsbc Holdings PLC now owns 21,553 shares of the company’s stock worth $382,000 after purchasing an additional 1,613 shares during the period. 61.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Raymond James downgraded shares of USCB Financial from an “outperform” rating to a “market perform” rating in a research report on Wednesday.

USCB Financial Trading Down 0.9 %

Shares of NASDAQ:USCB opened at $18.46 on Thursday. The firm has a fifty day moving average of $18.89 and a two-hundred day moving average of $17.83. 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 12-month low of $10.25 and a 12-month high of $21.86. The firm has a market capitalization of $370.18 million, a P/E ratio of 15.01 and a beta of 0.64.

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

USCB Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Friday, February 14th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.17%. This is a positive change from USCB Financial’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, February 14th. USCB Financial’s dividend payout ratio 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.