USCB Financial Holdings, Inc. (NASDAQ: USCB – Get Rating) was the target of a sharp drop in short interest in May. As of May 15, there was short interest totaling 11,400 shares, down 36.0% from the April 30 total of 17,800 shares. Currently, 0.1% of the stock’s shares are sold short. Based on an average daily volume of 50,200 shares, the day-to-cover ratio is currently 0.2 days.

USCB Financial stock opened at $13.06 on Friday. The company has a market capitalization of $261.21 million and a PE ratio of -3.32. The company has a debt ratio of 0.19, a quick ratio of 0.77 and a current ratio of 0.78. The company’s 50-day moving average price is $13.72 and its two-hundred-day moving average price is $14.09. USCB Financial has a 12-month low of $10.53 and a 12-month high of $18.75.

A number of institutional investors have recently increased or reduced their stake in the company. Royal Bank of Canada acquired a new stake in USCB Financial in the first quarter for a value of approximately $28,000. Citigroup Inc. increased its position in USCB Financial by 144.5% in the first quarter. Citigroup Inc. now owns 4,732 shares of the company worth $68,000 after acquiring 2,797 additional shares in the last quarter. JPMorgan Chase & Co. increased its position in USCB Financial by 135.9% in the first quarter. JPMorgan Chase & Co. now owns 4,805 shares of the company worth $69,000 after acquiring 2,768 additional shares in the last quarter. First Manhattan Co. bought a new stake in USCB Financial in the third quarter for about $187,000. Finally, Teton Advisors Inc. purchased a new stake in USCB Financial in the third quarter worth approximately $244,000. Hedge funds and other institutional investors own 72.85% of the company’s shares.

Separately, Zacks Investment Research upgraded USCB Financial shares from a “hold” rating to a “buy” rating and set a target price of $16.00 on the stock in a Friday, April 1 report.

USCB Financial Company Profile (Get an evaluation)

USCB Financial Holdings, Inc operates as a banking holding company for US Century Bank which provides various banking products and services to small and medium businesses. The company accepts checking, savings, money market and term deposit accounts; and certificates of deposit. Its lending products include residential real estate loans; commercial real estate loans; commercial and industrial loans; loans from foreign banks; and secured and unsecured consumer loans including personal loans, overdrafts and loans secured by deposit accounts.

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