Salzhauer Michael Has $520,000 Stock Position in USCB Financial Holdings, Inc. (NASDAQ:USCB)

Salzhauer Michael lessened its stake in shares of USCB Financial Holdings, Inc. (NASDAQ:USCB) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,269 shares of the company’s stock after selling 1,731 shares during the quarter. Salzhauer Michael owned about 0.15% of USCB Financial worth $520,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of USCB Financial in the 3rd quarter valued at $411,000. Barclays PLC raised its stake in shares of USCB Financial by 57.8% during the third 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 last quarter. JPMorgan Chase & Co. boosted 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 acquiring an additional 13,692 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of USCB Financial by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 237,892 shares of the company’s stock worth $3,628,000 after purchasing an additional 3,250 shares during the last quarter. Finally, Stifel Financial Corp acquired a new position in shares of USCB Financial during the 3rd quarter worth about $244,000. Institutional investors and hedge funds own 61.34% of the company’s stock.

Wall Street Analysts Forecast Growth

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

USCB Financial Stock Performance

Shares of USCB Financial stock opened at $19.61 on Monday. USCB Financial Holdings, Inc. has a 1-year low of $10.25 and a 1-year high of $21.86. 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 business has a 50-day moving average price of $18.48 and a two-hundred day moving average price of $16.79. The company has a market cap of $389.06 million, a P/E ratio of 15.94 and a beta of 0.64.

USCB Financial (NASDAQ:USCB) last released its quarterly earnings data on Thursday, January 23rd. The company reported $0.34 earnings per share 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%. As a group, analysts anticipate that USCB Financial Holdings, Inc. will post 1.52 EPS for the current year.

USCB Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Friday, February 14th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.04%. This is an increase from USCB Financial’s previous quarterly dividend of $0.05. The ex-dividend date is Friday, February 14th. USCB Financial’s dividend payout ratio is presently 16.26%.

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.