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

USCB Financial Holdings, Inc. (NASDAQ:USCB - Get Free Report) announced a quarterly dividend on Monday, April 21st, NASDAQ Dividends reports. Shareholders of record on Thursday, May 15th will be paid a dividend of 0.10 per share on Thursday, June 5th. This represents a $0.40 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Thursday, May 15th.

USCB Financial has a payout ratio of 23.1% 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 Trading Down 9.5 %

NASDAQ USCB traded down $1.70 on Friday, reaching $16.17. The company had a trading volume of 29,625 shares, compared to its average volume of 28,180. USCB Financial has a 52 week low of $10.70 and a 52 week high of $21.86. The stock's 50 day moving average is $18.05 and its 200-day moving average is $18.08. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.55. The stock has a market cap of $324.26 million, a price-to-earnings ratio of 13.15 and a beta of 0.65.

USCB Financial (NASDAQ:USCB - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.38 EPS for the quarter, meeting analysts' consensus estimates of $0.38. USCB Financial had a return on equity of 12.14% and a net margin of 17.14%. The company had revenue of $22.83 million during the quarter, compared to analysts' expectations of $22.94 million. Equities analysts predict that USCB Financial will post 1.58 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Raymond James cut shares of USCB Financial from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd.

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.