USCB Financial Holdings, Inc. to Join the Russell 3000® Index
USCB Financial Holdings, Inc. (NASDAQ: USCB) announced its upcoming inclusion in the Russell 3000® Index, effective June 24, 2022, following the annual reconstitution.
Sentiment and the balance of points
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Rhea-AI Summary
USCB Financial Holdings, Inc. (NASDAQ: USCB) announced its upcoming inclusion in the Russell 3000® Index, effective June 24, 2022, following the annual reconstitution. This milestone is anticipated to enhance investor awareness and visibility within the market. The Russell 3000® Index includes the largest 3,000 publicly traded U.S. companies, representing about 98% of the investable U.S. market. U.S. Century Bank, the company’s subsidiary, is a prominent community bank in Miami.
Positive
- Inclusion in the Russell 3000® Index expected to boost investor awareness and visibility.
- Represents a significant milestone for USCB Financial Holdings, enhancing its market reputation.
Negative
- None.
Details
News Market Reaction – USCB
The recorded move for USCB in the trading session of this news was -3.64%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MIAMI, June 06, 2022 (GLOBE NEWSWIRE) -- USCB Financial Holdings, Inc. (the “Company”) (NASDAQ: USCB), the holding company for U.S. Century Bank, announced it is set to join the broad-market Russell 3000® Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the U.S. market opens on June 24, 2022, according to a preliminary list of additions posted June 3, 2022.
“Joining the Russell 3000® Index is an important milestone, which will broaden USCB Financial Holding’s overall investor awareness and exposure within the investment community,” said Luis de la Aguilera, President & CEO of U.S. Century Bank. “We are honored to be included in this respected list of U.S. member companies,” added Mr. de la Aguilera.
Russell U.S. Indexes are part of FTSE Russell, a leading global index provider. The Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. The Russell 3000® Index is known for measuring the performance of the largest 3,000 publicly held U.S. companies based on their total market capitalization. The companies which comprise the Index represent approximately
About USCB Financial Holdings, Inc.
USCB Financial Holdings, Inc. is the bank holding company for U.S. Century Bank. Established in 2002, U.S. Century Bank is one of the largest community banks headquartered in Miami, and one of the largest community banks in the state of Florida. U.S. Century Bank is rated 5-Stars by BauerFinancial, the nation’s leading independent bank rating firm. U.S. Century Bank offers customers a wide range of financial products and services and supports numerous community organizations, including the Greater Miami Chamber of Commerce, the South Florida Hispanic Chamber of Commerce, and ChamberSouth. For more information or to find a banking center near you, please call (305) 715-5200 or visit www.uscentury.com.
Contacts:
Investor Relations
InvestorRelations@uscentury.com
Martha Guerra-Kattou
(305) 715-5141
MGuerra@uscentury.com
