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

USCB Financial Holdings, Inc. (NASDAQ:USCB - Get Free Report) announced a quarterly dividend on Monday, July 21st, RTT News reports. Stockholders of record on Friday, August 15th will be paid a dividend of 0.10 per share on Friday, September 5th. This represents a $0.40 annualized dividend and a dividend yield of 2.26%.

USCB Financial has a dividend payout ratio of 22.5% indicating that its dividend is sufficiently covered by earnings. 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 Stock Up 2.5%

Shares of NASDAQ:USCB traded up $0.44 during midday trading on Monday, hitting $17.72. 21,172 shares of the stock were exchanged, compared to its average volume of 26,545. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.91 and a current ratio of 0.91. The business's fifty day simple moving average is $16.68 and its two-hundred day simple moving average is $17.61. The company has a market capitalization of $355.29 million, a PE ratio of 12.84 and a beta of 0.61. USCB Financial has a 52-week low of $13.84 and a 52-week high of $21.86.

USCB Financial (NASDAQ:USCB - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.38 earnings per share for the quarter, meeting analysts' consensus estimates of $0.38. The firm had revenue of $22.83 million for the quarter, compared to analyst estimates of $22.94 million. USCB Financial had a net margin of 18.69% and a return on equity of 12.96%. As a group, research analysts predict that USCB Financial will post 1.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Raymond James Financial downgraded USCB Financial from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods reduced their target price on shares of USCB Financial from $23.00 to $21.00 and set an "outperform" rating for the company in a research note on Monday, April 28th.

Insider Buying and Selling at USCB Financial

In other news, CEO La Aguilera Luis De sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $16.70, for a total transaction of $417,500.00. Following the sale, the chief executive officer directly owned 238,974 shares of the company's stock, valued at $3,990,865.80. This represents a 9.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 49.50% of the company's stock.

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.

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