Pacific Ridge Capital Partners LLC Sells 5,019 Shares of USCB Financial Holdings, Inc. (NASDAQ:USCB)

Pacific Ridge Capital Partners LLC reduced its holdings in USCB Financial Holdings, Inc. (NASDAQ:USCB) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 383,097 shares of the company’s stock after selling 5,019 shares during the quarter. USCB Financial comprises 1.6% of Pacific Ridge Capital Partners LLC’s holdings, making the stock its 19th largest holding. Pacific Ridge Capital Partners LLC’s holdings in USCB Financial were worth $6,800,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of USCB Financial during the 3rd quarter worth approximately $411,000. Barclays PLC boosted its stake in 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 acquiring an additional 11,866 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in USCB Financial by 228.4% in the third quarter. JPMorgan Chase & Co. now owns 19,686 shares of the company’s stock worth $300,000 after purchasing an additional 13,692 shares during the period. Los Angeles Capital Management LLC bought a new stake in USCB Financial in the fourth quarter valued at $332,000. Finally, Geode Capital Management LLC raised its holdings in shares of USCB Financial by 1.4% during the third quarter. Geode Capital Management LLC now owns 237,892 shares of the company’s stock valued at $3,628,000 after purchasing an additional 3,250 shares during the period. 61.34% of the stock is owned by institutional investors and hedge funds.

USCB Financial Price Performance

USCB stock opened at $18.93 on Thursday. USCB Financial Holdings, Inc. has a 1 year low of $10.25 and a 1 year high of $21.86. The stock has a market capitalization of $379.60 million, a PE ratio of 15.39 and a beta of 0.64. The company’s 50-day moving average is $18.85 and its 200-day moving average is $17.68. 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 (NASDAQ:USCB) last announced 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%. Equities research analysts expect that USCB Financial Holdings, Inc. will post 1.58 EPS for the current fiscal year.

USCB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Friday, February 14th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date was Friday, February 14th. This is a positive change from USCB Financial’s previous quarterly dividend of $0.05. USCB Financial’s payout ratio is 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.