USCB Financial Holdings, Inc. to Issue Quarterly Dividend of $0.05 (NASDAQ:USCB)

USCB Financial Holdings, Inc. (NASDAQ:USCB) announced a quarterly dividend on Monday, July 22nd, Zacks reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.05 per share on Thursday, September 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Thursday, August 15th.

USCB Financial has a dividend payout ratio of 14.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect USCB Financial to earn $1.29 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 15.5%.

USCB Financial Stock Up 3.5 %

Shares of NASDAQ:USCB opened at $14.65 on Wednesday. USCB Financial has a 12-month low of $10.04 and a 12-month high of $16.82. The stock’s 50-day moving average price is $13.46 and its two-hundred day moving average price is $12.12. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. The firm has a market cap of $287.87 million, a price-to-earnings ratio of 19.03 and a beta of 0.41.

USCB Financial (NASDAQ:USCB) last released its earnings results on Thursday, July 25th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The firm had revenue of $35.83 million during the quarter, compared to the consensus estimate of $18.56 million. USCB Financial had a net margin of 13.67% and a return on equity of 9.49%. During the same period in the previous year, the firm earned $0.21 earnings per share. On average, research analysts forecast that USCB Financial will post 1.19 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on USCB. Keefe, Bruyette & Woods lifted their target price on USCB Financial from $14.00 to $16.50 and gave the company an “outperform” rating in a report on Monday, July 29th. Hovde Group initiated coverage on USCB Financial in a report on Monday. They set a “market perform” rating and a $16.00 target price for the company.

Insider Activity at USCB Financial

In related news, CFO Robert B. Anderson acquired 7,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were bought at an average cost of $12.12 per share, with a total value of $84,840.00. Following the completion of the transaction, the chief financial officer now directly owns 86,933 shares of the company’s stock, valued at approximately $1,053,627.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 48.50% of the company’s stock.

USCB Financial Company Profile

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.