TD Asset Management Inc Makes New Investment in USCB Financial Holdings, Inc. $USCB

TD Asset Management Inc bought a new stake in USCB Financial Holdings, Inc. (NASDAQ:USCB) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 42,886 shares of the company’s stock, valued at approximately $748,000. TD Asset Management Inc owned about 0.21% of USCB Financial at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Police & Firemen s Retirement System of New Jersey bought a new stake in USCB Financial during the 2nd quarter worth approximately $38,000. Tower Research Capital LLC TRC raised its position in USCB Financial by 2,081.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,210 shares of the company’s stock valued at $70,000 after purchasing an additional 4,017 shares during the last quarter. First Trust Advisors LP acquired a new position in USCB Financial in the second quarter worth $212,000. GSA Capital Partners LLP boosted its stake in USCB Financial by 52.0% in the third quarter. GSA Capital Partners LLP now owns 24,530 shares of the company’s stock worth $428,000 after purchasing an additional 8,397 shares in the last quarter. Finally, Salzhauer Michael grew its holdings in shares of USCB Financial by 8.4% during the second quarter. Salzhauer Michael now owns 31,729 shares of the company’s stock worth $525,000 after purchasing an additional 2,460 shares during the last quarter. 61.34% of the stock is owned by institutional investors and hedge funds.

USCB Financial Stock Down 0.8%

NASDAQ USCB opened at $18.45 on Friday. The stock has a market capitalization of $334.13 million, a P/E ratio of 14.19 and a beta of 0.60. USCB Financial Holdings, Inc. has a 52 week low of $15.39 and a 52 week high of $20.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a fifty day moving average of $19.28 and a 200-day moving average of $18.23.

USCB Financial (NASDAQ:USCB) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.07). The firm had revenue of $25.53 million for the quarter, compared to analyst estimates of $26.34 million. USCB Financial had a net margin of 16.36% and a return on equity of 14.78%. On average, equities research analysts forecast that USCB Financial Holdings, Inc. will post 1.58 EPS for the current year.

USCB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Tuesday, February 17th were paid a $0.125 dividend. This is a boost from USCB Financial’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.50 annualized dividend and a dividend yield of 2.7%. USCB Financial’s payout ratio is 38.46%.

Insider Activity

In other USCB Financial news, Director W Kirk Wycoff sold 82,043 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $18.56, for a total value of $1,522,718.08. Following the transaction, the director directly owned 1,895,286 shares of the company’s stock, valued at approximately $35,176,508.16. This trade represents a 4.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO La Aguilera Luis De sold 10,000 shares of USCB Financial stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $18.02, for a total transaction of $180,200.00. Following the sale, the chief executive officer directly owned 245,893 shares of the company’s stock, valued at $4,430,991.86. This represents a 3.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 131,043 shares of company stock worth $2,431,438 in the last ninety days. Insiders own 49.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on USCB. Weiss Ratings reaffirmed a “buy (b)” rating on shares of USCB Financial in a report on Monday, December 29th. Zacks Research lowered shares of USCB Financial from a “hold” rating to a “strong sell” rating in a report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

USCB Financial Company Profile

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.