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

USCB Financial Holdings, Inc. (NASDAQ:USCB) was the target of a significant growth in short interest in the month of 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. Approximately 0.6% of the company’s stock are short sold.

USCB Financial Stock Performance

NASDAQ USCB opened at $18.56 on Tuesday. The company has a fifty day moving average price of $18.88 and a 200-day moving average price of $17.80. The firm has a market cap of $372.18 million, a price-to-earnings ratio of 15.09 and a beta of 0.64. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.91 and a quick ratio of 0.91. USCB Financial has a 1 year low of $10.25 and a 1 year high of $21.86.

USCB Financial (NASDAQ:USCB) last announced its earnings results on Thursday, January 23rd. The company reported $0.34 earnings per share 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, equities research analysts predict that USCB Financial will post 1.58 EPS for the current fiscal year.

USCB Financial Increases Dividend

The firm 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. The ex-dividend date was Friday, February 14th. This is a positive change from USCB Financial’s previous quarterly dividend of $0.05. This represents a $0.40 annualized dividend and a dividend yield of 2.16%. USCB Financial’s dividend payout ratio (DPR) is currently 32.52%.

Institutional Investors Weigh In On USCB Financial

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

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.