USCB Financial (NASDAQ:USCB) Posts Earnings Results, Beats Estimates By $0.03 EPS

Key Points

• USCB Financial reported earnings of $0.45 per share, exceeding analysts' expectations of $0.42 by $0.03.
• The company's dividend of $0.10 per share will be paid on December 5th, translating to an annual yield of 2.4%.
• Institutional investors now hold 61.34% of USCB Financial's stock, indicating strong interest from large investors in recent quarters.

USCB Financial (NASDAQ:USCB - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.03, Zacks reports. USCB Financial had a return on equity of 13.39% and a net margin of 19.51%.

USCB Financial Stock Down 1.3%

NASDAQ USCB traded down $0.22 on Thursday, reaching $16.97. 17,314 shares of the stock traded hands, compared to its average volume of 24,572. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. The company has a fifty day moving average price of $17.23 and a 200-day moving average price of $16.98. The company has a market cap of $340.76 million, a price-to-earnings ratio of 11.54 and a beta of 0.61. USCB Financial has a 12 month low of $14.50 and a 12 month high of $21.86.

USCB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, November 14th. This represents a $0.40 dividend on an annualized basis and a yield of 2.4%. USCB Financial's dividend payout ratio (DPR) is presently 27.21%.

Institutional Investors Weigh In On USCB Financial

Large investors have recently modified their holdings of the business. Alliancebernstein L.P. raised its stake in USCB Financial by 9.0% in the second quarter. Alliancebernstein L.P. now owns 973,088 shares of the company's stock worth $16,095,000 after buying an additional 79,983 shares in the last quarter. Gabelli Funds LLC bought a new position in USCB Financial in the second quarter worth approximately $563,000. Mendon Capital Advisors Corp raised its position in shares of USCB Financial by 3.1% in the 2nd quarter. Mendon Capital Advisors Corp now owns 691,048 shares of the company's stock worth $11,430,000 after acquiring an additional 20,870 shares in the last quarter. First Trust Advisors LP bought a new position in shares of USCB Financial in the 2nd quarter worth $212,000. Finally, Bank of America Corp DE raised its position in shares of USCB Financial by 34.9% in the 2nd quarter. Bank of America Corp DE now owns 33,138 shares of the company's stock worth $548,000 after acquiring an additional 8,581 shares in the last quarter. Institutional investors own 61.34% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a "buy (b-)" rating on shares of USCB Financial in a research report on Wednesday, October 8th. Piper Sandler increased their price objective on shares of USCB Financial from $22.00 to $23.00 and gave the company an "overweight" rating in a research report on Monday, September 8th. Finally, Raymond James Financial upgraded shares of USCB Financial from an "outperform" rating to a "strong-buy" rating and increased their price objective for the company from $20.00 to $22.00 in a research report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $22.00.

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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