USCB Financial Holdings, Inc. (NASDAQ:USCB) Announces Quarterly Dividend of $0.10

Key Points

• USCB Financial Holdings, Inc. declared a quarterly dividend of $0.10 per share, with shareholders of record receiving payment on December 5th, contributing to an annualized yield of 2.3%.
• The company's dividend payout ratio stands at 22.5%, indicating that earnings sufficiently cover the dividend, projected to be $1.78 per share next year.
• Institutional investors have increased their stakes in USCB Financial, with 61.34% of the stock owned by hedge funds and other institutional investors, reflecting growing confidence in the company's performance.

USCB Financial Holdings, Inc. (NASDAQ:USCB - Get Free Report) declared a quarterly dividend on Monday, October 20th. Shareholders of record on Friday, November 14th will be paid a dividend of 0.10 per share on Friday, December 5th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 14th.

USCB Financial has a dividend payout ratio of 22.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect USCB Financial to earn $1.78 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 22.5%.

USCB Financial Price Performance

Shares of NASDAQ:USCB opened at $17.46 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91. USCB Financial has a 1-year low of $14.50 and a 1-year high of $21.86. The company has a market capitalization of $350.56 million, a P/E ratio of 11.88 and a beta of 0.61. The firm's 50 day simple moving average is $17.23 and its two-hundred day simple moving average is $16.97.

USCB Financial (NASDAQ:USCB - Get Free Report) last issued its quarterly earnings results on Monday, August 7th. The company reported $0.26 earnings per share for the quarter. USCB Financial had a net margin of 19.51% and a return on equity of 13.39%. The business had revenue of $17.26 million for the quarter. Research analysts expect that USCB Financial will post 1.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Alliancebernstein L.P. raised its stake in USCB Financial by 9.0% during the second quarter. Alliancebernstein L.P. now owns 973,088 shares of the company's stock valued at $16,095,000 after purchasing an additional 79,983 shares in the last quarter. Gabelli Funds LLC purchased a new stake in USCB Financial during the second quarter valued at $563,000. Mendon Capital Advisors Corp raised its stake in USCB Financial by 3.1% during the second quarter. Mendon Capital Advisors Corp now owns 691,048 shares of the company's stock valued at $11,430,000 after purchasing an additional 20,870 shares in the last quarter. Nuveen LLC purchased a new stake in USCB Financial during the first quarter valued at $289,000. Finally, First Trust Advisors LP purchased a new stake in USCB Financial during the second quarter valued at $212,000. 61.34% of the stock is owned by hedge funds and other institutional investors.

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.

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