W Kirk Wycoff Sells 39,000 Shares of USCB Financial (NASDAQ:USCB) Stock

USCB Financial Holdings, Inc. (NASDAQ:USCB) Director W Kirk Wycoff sold 39,000 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $18.68, for a total value of $728,520.00. Following the transaction, the director owned 1,856,286 shares in the company, valued at approximately $34,675,422.48. This trade represents a 2.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

W Kirk Wycoff also recently made the following trade(s):

• On Wednesday, December 10th, W Kirk Wycoff sold 82,043 shares of USCB Financial stock. The shares were sold at an average price of $18.56, for a total transaction of $1,522,718.08.
• On Tuesday, December 2nd, W Kirk Wycoff sold 14,695 shares of USCB Financial stock. The stock was sold at an average price of $17.75, for a total transaction of $260,836.25.
• On Monday, November 24th, W Kirk Wycoff sold 21,327 shares of USCB Financial stock. The shares were sold at an average price of $18.02, for a total transaction of $384,312.54.
• On Tuesday, November 25th, W Kirk Wycoff sold 22,558 shares of USCB Financial stock. The stock was sold at an average price of $18.06, for a total transaction of $407,397.48.

USCB Financial Price Performance

Shares of NASDAQ USCB opened at $19.35 on Friday. The company has a market capitalization of $350.43 million, a PE ratio of 12.32 and a beta of 0.60. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average price is $17.62 and its 200-day moving average price is $17.18. USCB Financial Holdings, Inc. has a twelve month low of $15.39 and a twelve month high of $20.49.

USCB Financial (NASDAQ:USCB) last issued its quarterly earnings results on Monday, August 7th. The company reported $0.26 EPS for the quarter. USCB Financial had a return on equity of 14.36% and a net margin of 20.23%.The business had revenue of $17.26 million for the quarter. On average, equities analysts anticipate that USCB Financial Holdings, Inc. will post 1.58 EPS for the current year.

USCB Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, November 14th. USCB Financial’s payout ratio is 25.48%.

Institutional Trading of USCB Financial

A number of institutional investors have recently added to or reduced their stakes in USCB. Charles Schwab Investment Management Inc. boosted its stake in USCB Financial by 5.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,912 shares of the company’s stock worth $592,000 after purchasing an additional 1,581 shares during the period. Deutsche Bank AG purchased a new stake in shares of USCB Financial in the first quarter worth about $165,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of USCB Financial by 15.4% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 53,055 shares of the company’s stock valued at $985,000 after acquiring an additional 7,088 shares during the period. Nuveen LLC purchased a new position in USCB Financial during the first quarter valued at approximately $289,000. Finally, Hsbc Holdings PLC increased its holdings in USCB Financial by 21.1% during the 1st quarter. Hsbc Holdings PLC now owns 26,105 shares of the company’s stock worth $485,000 after acquiring an additional 4,552 shares during the period. Hedge funds and other institutional investors own 61.34% of the company’s stock.

Wall Street Analyst Weigh In

USCB has been the subject of a number of research analyst reports. Raymond James Financial upgraded shares of USCB Financial from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $20.00 to $22.00 in a report on Monday, September 8th. Piper Sandler raised their price target on shares of USCB Financial from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, September 8th. Zacks Research downgraded USCB Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of USCB Financial in a report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, USCB Financial has a consensus rating of “Buy” and an average target price of $22.00.

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.