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

USCB Financial Holdings, Inc. (NASDAQ:USCB) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.05 per share on Wednesday, June 5th. This represents a $0.20 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Tuesday, May 14th.

USCB Financial has a payout ratio of 16.7% meaning 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 Down 3.8 %

Shares of NASDAQ USCB opened at $10.01 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.95. USCB Financial has a 52 week low of $8.56 and a 52 week high of $12.97. The firm has a 50-day moving average price of $11.00 and a 200 day moving average price of $11.43. The stock has a market capitalization of $196.70 million, a price-to-earnings ratio of 12.53 and a beta of 0.35.

USCB Financial (NASDAQ:USCB) last announced its quarterly earnings data on Thursday, January 25th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.05). USCB Financial had a net margin of 15.26% and a return on equity of 9.28%. The company had revenue of $15.70 million during the quarter, compared to analyst estimates of $17.31 million. Equities research analysts anticipate that USCB Financial will post 0.95 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on USCB. Keefe, Bruyette & Woods raised their price objective on shares of USCB Financial from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Raymond James raised their price objective on shares of USCB Financial from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Monday, January 29th.

Insider Buying and Selling at USCB Financial

In other USCB Financial news, CFO Robert B. Anderson bought 3,600 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was purchased at an average cost of $11.29 per share, for a total transaction of $40,644.00. Following the acquisition, the chief financial officer now owns 40,732 shares of the company’s stock, valued at approximately $459,864.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other USCB Financial news, CFO Robert B. Anderson bought 3,600 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was purchased at an average cost of $11.29 per share, for a total transaction of $40,644.00. Following the acquisition, the chief financial officer now owns 40,732 shares of the company’s stock, valued at approximately $459,864.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert B. Anderson bought 4,000 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were acquired at an average price of $11.21 per share, with a total value of $44,840.00. Following the completion of the acquisition, the chief financial officer now directly owns 48,132 shares in the company, valued at approximately $539,559.72. The disclosure for this purchase can be found here. In the last three months, insiders acquired 17,600 shares of company stock worth $196,184. 48.10% of the stock is owned by corporate insiders.

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.