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

USCB Financial Holdings, Inc. (NASDAQ:USCB - Get Free Report) 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 1.95%. The ex-dividend date of this dividend is Tuesday, May 14th.

USCB Financial has a dividend payout ratio of 16.7% indicating that 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 Performance

Shares of NASDAQ USCB traded down $0.15 during midday trading on Thursday, hitting $10.25. 23,562 shares of the company's stock traded hands, compared to its average volume of 21,445. USCB Financial has a 1 year low of $8.56 and a 1 year high of $12.97. The stock has a market capitalization of $201.41 million, a price-to-earnings ratio of 12.35 and a beta of 0.35. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a fifty day moving average of $10.98 and a 200 day moving average of $11.42.

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

Insider Buying and Selling at USCB Financial

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on USCB shares. Keefe, Bruyette & Woods increased their target price on shares of USCB Financial from $14.00 to $15.00 and gave the stock an "outperform" rating in a report on Tuesday, January 30th. Raymond James increased their target price on shares of USCB Financial from $12.00 to $13.00 and gave the stock an "outperform" rating in a report 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.