USCB Financial (NASDAQ:USCB) Announces Earnings Results

Key Points

• USCB Financial reported quarterly earnings of $0.40 EPS, exceeding analysts' expectations of $0.38 by $0.02, with revenues of $24.40 million against estimates of $23.72 million.
• The company announced a quarterly dividend of $0.10 per share, with a yield of 2.31%, to be paid on September 5th to shareholders of record on August 15th.
• CEO La Aguilera Luis De sold 25,000 shares at $16.70 each, resulting in a 9.47% decrease in their ownership position, which now comprises 238,974 shares valued at approximately $3,990,865.80.

USCB Financial (NASDAQ:USCB - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02, Zacks reports. The company had revenue of $24.40 million during the quarter, compared to the consensus estimate of $23.72 million. USCB Financial had a return on equity of 13.59% and a net margin of 19.51%.

USCB Financial Trading Down 3.7%

USCB Financial stock traded down $0.65 during trading hours on Wednesday, reaching $17.11. 19,434 shares of the company's stock were exchanged, compared to its average volume of 26,075. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.48. The firm's 50 day simple moving average is $16.75 and its 200 day simple moving average is $17.64. USCB Financial has a twelve month low of $13.84 and a twelve month high of $21.86. The firm has a market capitalization of $343.02 million, a PE ratio of 11.64 and a beta of 0.61.

USCB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, August 15th. This represents a $0.40 dividend on an annualized basis and a yield of 2.34%. USCB Financial's payout ratio is currently 27.21%.

Insider Activity

In other news, CEO La Aguilera Luis De sold 25,000 shares of the stock in a transaction dated Thursday, May 22nd. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 49.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on USCB shares. Raymond James Financial upgraded USCB Financial from a "market perform" rating to an "outperform" rating and set a $20.00 price objective for the company in a report on Monday. Keefe, Bruyette & Woods decreased their price objective on USCB Financial from $23.00 to $21.00 and set an "outperform" rating for the company in a report on Monday, April 28th.

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.