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

USCB Financial Holdings, Inc. (NASDAQ:USCB - Get Free Report) declared a quarterly dividend on Monday, July 21st, RTT News reports. Investors of record on Friday, August 15th will be given a dividend of 0.10 per share on Friday, September 5th. This represents a $0.40 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Friday, August 15th.

USCB Financial has a payout ratio of 22.5% meaning 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 Down 4.6%

USCB traded down $0.83 on Thursday, hitting $17.18. 12,198 shares of the company were exchanged, compared to its average volume of 28,507. USCB Financial has a twelve month low of $13.84 and a twelve month high of $21.86. The company has a market cap of $344.46 million, a price-to-earnings ratio of 12.45 and a beta of 0.61. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average price of $16.72 and a two-hundred day moving average price of $17.61.

USCB Financial (NASDAQ:USCB - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. USCB Financial had a return on equity of 12.96% and a net margin of 18.69%. On average, equities analysts predict that USCB Financial will post 1.58 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on USCB. Raymond James Financial downgraded USCB Financial from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods reduced their price objective on 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

In other USCB Financial news, CEO La Aguilera Luis De sold 25,000 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $16.70, for a total transaction of $417,500.00. Following the transaction, the chief executive officer owned 238,974 shares of the company's stock, valued at $3,990,865.80. This represents a 9.47% decrease in their position. The sale was disclosed in a document filed with the SEC, 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.