USCB Financial Holdings, Inc. (USCB) To Go Ex-Dividend on May 14th

USCB Financial Holdings, Inc. (NASDAQ:USCB) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Investors 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 yield of 1.93%. The ex-dividend date of this dividend is Tuesday, May 14th.

USCB Financial has a payout ratio of 16.7% meaning its dividend is sufficiently covered by earnings. Equities 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 0.4 %

USCB stock traded down $0.04 during mid-day trading 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 current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.95. USCB Financial has a 1-year low of $8.56 and a 1-year high of $12.97. The company has a fifty day moving average of $11.00 and a 200 day moving average of $11.43. The stock has a market capitalization of $203.57 million, a price-to-earnings ratio of 12.06 and a beta of 0.35.

USCB Financial (NASDAQ:USCB) last issued 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). USCB Financial had a return on equity of 9.28% and a net margin of 15.26%. The firm had revenue of $15.70 million during the quarter, compared to analyst estimates of $17.31 million. On average, equities analysts expect that USCB Financial will post 0.95 EPS for the current fiscal year.

Insider Transactions at USCB Financial

In related news, CFO Robert B. Anderson purchased 3,600 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was bought at an average price of $11.29 per share, for a total transaction of $40,644.00. Following the purchase, the chief financial officer now owns 40,732 shares in the company, valued at approximately $459,864.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other USCB Financial news, 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 purchase, the director now directly owns 4,518,309 shares in the company, valued at $50,017,680.63. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert B. Anderson bought 3,600 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were acquired at an average price of $11.29 per share, with a total value of $40,644.00. Following the purchase, the chief financial officer now owns 40,732 shares in the company, valued at $459,864.28. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 17,600 shares of company stock worth $196,184. 48.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.