Insider Selling: USCB Financial (NASDAQ:USCB) CEO Sells 19,947 Shares of Stock
by Renee Jackson · The Cerbat GemUSCB Financial Holdings, Inc. (NASDAQ:USCB – Get Free Report) CEO La Aguilera Luis De sold 19,947 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $18.06, for a total transaction of $360,242.82. Following the completion of the transaction, the chief executive officer directly owned 242,945 shares in the company, valued at $4,387,586.70. The trade was a 7.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
La Aguilera Luis De also recently made the following trade(s):
- On Thursday, May 14th, La Aguilera Luis De sold 22,883 shares of USCB Financial stock. The stock was sold at an average price of $18.20, for a total transaction of $416,470.60.
- On Monday, May 11th, La Aguilera Luis De sold 5,279 shares of USCB Financial stock. The stock was sold at an average price of $18.27, for a total transaction of $96,447.33.
- On Thursday, May 7th, La Aguilera Luis De sold 10,005 shares of USCB Financial stock. The stock was sold at an average price of $18.14, for a total transaction of $181,490.70.
- On Tuesday, May 5th, La Aguilera Luis De sold 16,895 shares of USCB Financial stock. The stock was sold at an average price of $18.12, for a total transaction of $306,137.40.
- On Wednesday, May 6th, La Aguilera Luis De sold 13,100 shares of USCB Financial stock. The stock was sold at an average price of $18.16, for a total transaction of $237,896.00.
USCB Financial Stock Performance
NASDAQ:USCB traded down $0.43 during mid-day trading on Friday, reaching $17.91. 8,745 shares of the company’s stock were exchanged, compared to its average volume of 53,589. USCB Financial Holdings, Inc. has a one year low of $15.56 and a one year high of $20.78. The firm has a market capitalization of $326.96 million, a PE ratio of 12.52 and a beta of 0.53. The business’s fifty day simple moving average is $18.80 and its two-hundred day simple moving average is $18.76. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.93 and a current ratio of 0.91.
USCB Financial (NASDAQ:USCB – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). USCB Financial had a return on equity of 15.37% and a net margin of 17.04%.The business had revenue of $26.18 million for the quarter, compared to the consensus estimate of $25.95 million. Analysts anticipate that USCB Financial Holdings, Inc. will post 2.02 earnings per share for the current fiscal year.
USCB Financial Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, May 15th. USCB Financial’s dividend payout ratio (DPR) is currently 34.97%.
Institutional Investors Weigh In On USCB Financial
Hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its holdings in USCB Financial by 60.1% during the 4th quarter. NewEdge Advisors LLC now owns 1,700 shares of the company’s stock worth $31,000 after acquiring an additional 638 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in USCB Financial by 66.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,217 shares of the company’s stock worth $39,000 after acquiring an additional 883 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in USCB Financial during the 1st quarter worth approximately $41,000. BNP Paribas Financial Markets grew its holdings in USCB Financial by 100.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,703 shares of the company’s stock worth $65,000 after acquiring an additional 1,854 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in USCB Financial by 2,081.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,210 shares of the company’s stock worth $70,000 after acquiring an additional 4,017 shares during the last quarter. 61.34% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have commented on USCB. Wall Street Zen raised shares of USCB Financial from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Raymond James Financial reissued a “strong-buy” rating on shares of USCB Financial in a report on Monday, April 27th. Hovde Group lifted their price target on shares of USCB Financial from $19.50 to $20.00 and gave the company a “market perform” rating in a report on Monday, April 27th. Zacks Research raised shares of USCB Financial from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Finally, Piper Sandler lifted their price target on shares of USCB Financial from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.
View Our Latest Research Report on USCB
About USCB Financial
USCB Financial (NASDAQ: USCB) is a bank holding company headquartered in Columbia, South Carolina, serving as the parent company of United Security Bank. Established to support community banking in the Midlands region, the company focuses on relationship-driven financial services tailored to both individuals and businesses. As a regional player, USCB Financial emphasizes personalized service through a network of full-service branch offices.
The company’s core business activities include commercial and consumer lending, deposit products and alternative delivery channels.
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