USCB Financial (NASDAQ:USCB) Announces Quarterly Earnings Results

Key Points

• USCB Financial missed quarterly estimates, reporting EPS of $0.51 versus the $0.56 consensus and revenue of $26.97 million versus $29.18 million expected. Net margin was 17.24%, while return on equity reached 15.77%.
• The company declared a quarterly dividend of $0.125 per share, equivalent to $0.50 annually and a 2.2% yield, payable December 4 to shareholders of record November 16.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $24.33 price target; shares traded at $22.75 following the results.

USCB Financial (NASDAQ:USCB - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.05), FiscalAI reports. USCB Financial had a net margin of 17.24% and a return on equity of 15.77%. The business had revenue of $26.97 million during the quarter, compared to the consensus estimate of $29.18 million.

USCB Financial Price Performance

Shares of NASDAQ:USCB traded up $0.46 during midday trading on Thursday, hitting $22.75. The stock had a trading volume of 106,903 shares, compared to its average volume of 58,519. The company's 50-day moving average price is $22.57 and its 200-day moving average price is $20.76. The company has a market capitalization of $420.28 million, a P/E ratio of 14.97 and a beta of 0.45. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.20. USCB Financial has a fifty-two week low of $16.82 and a fifty-two week high of $23.89.

USCB Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Monday, November 16th will be issued a $0.1250 dividend. This represents a $0.50 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, November 16th. USCB Financial's dividend payout ratio (DPR) is currently 32.89%.

Wall Street Analyst Weigh In

USCB has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of USCB Financial from $22.00 to $24.00 and gave the company an "outperform" rating in a research report on Monday, August 3rd. Weiss Ratings raised USCB Financial from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday, October 8th. Piper Sandler raised their price objective on USCB Financial from $24.00 to $27.00 and gave the stock an "overweight" rating in a research note on Monday, July 27th. Hovde Group raised their price objective on USCB Financial from $20.00 to $22.00 and gave the stock a "market perform" rating in a research note on Monday, July 27th. Finally, Wall Street Zen cut USCB Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.33.

About USCB Financial

USCB Financial Corp. is the bank holding company for U.S. Century Bank, a community bank headquartered in Miami, Florida. Through its banking subsidiary, the company provides financial services to individuals, families, professionals and businesses, with a focus on relationship-based banking.

U.S. Century Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending services include commercial real estate, commercial and industrial, residential real estate and consumer loans.

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