USCB Financial Holdings, Inc. (NASDAQ:USCB) Announces $0.05 Quarterly Dividend

USCB Financial Holdings, Inc. (NASDAQ:USCB) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Investors of record on Wednesday, May 15th will be paid a dividend of 0.05 per share on Wednesday, June 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Tuesday, May 14th.

USCB Financial has a payout ratio of 16.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect USCB Financial to earn $1.19 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 16.8%.

USCB Financial Stock Performance

Shares of USCB traded down $0.04 during trading hours on Thursday, hitting $10.36. The stock had a trading volume of 2,996 shares, compared to its average volume of 21,183. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.93. USCB Financial has a 12 month low of $8.56 and a 12 month high of $12.97. The firm has a market capitalization of $203.57 million, a PE ratio of 12.06 and a beta of 0.35. The stock has a fifty day moving average price of $11.00 and a 200 day moving average price of $11.43.

USCB Financial (NASDAQ:USCB) last released its earnings results on Thursday, January 25th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.05). The company had revenue of $15.70 million for the quarter, compared to analysts’ expectations of $17.31 million. USCB Financial had a net margin of 15.26% and a return on equity of 9.28%. Analysts anticipate that USCB Financial will post 0.95 EPS for the current year.

Insider Activity

In other USCB Financial news, CFO Robert B. Anderson acquired 3,600 shares of the stock in a transaction dated Tuesday, March 12th. The shares were acquired at an average cost of $11.29 per share, for a total transaction of $40,644.00. Following the completion of the transaction, the chief financial officer now directly owns 40,732 shares of the company’s stock, valued at $459,864.28. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other USCB Financial news, CFO Robert B. Anderson acquired 3,600 shares of the stock in a transaction dated Tuesday, March 12th. The shares were acquired at an average cost of $11.29 per share, for a total transaction of $40,644.00. Following the completion of the transaction, the chief financial officer now directly owns 40,732 shares of the company’s stock, valued at $459,864.28. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Howard Feinglass bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was purchased at an average price of $11.07 per share, for a total transaction of $110,700.00. Following the completion of the transaction, the director now directly owns 4,518,309 shares of the company’s stock, valued at approximately $50,017,680.63. The disclosure for this purchase can be found here. Insiders have acquired 17,600 shares of company stock worth $196,184 over the last ninety days. Corporate insiders own 48.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Raymond James lifted their target price on USCB Financial from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Keefe, Bruyette & Woods lifted their target price on USCB Financial from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th.

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.