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

USCB Financial Holdings, Inc. (NASDAQ:USCB) announced a quarterly dividend on Tuesday, January 21st,RTT News reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.10 per share on Wednesday, March 5th. This represents a $0.40 annualized dividend and a dividend yield of 2.13%. This is a boost from USCB Financial’s previous quarterly dividend of $0.05.

USCB Financial has a payout ratio of 11.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect USCB Financial to earn $1.53 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 13.1%.

USCB Financial Price Performance

USCB Financial stock traded up $0.58 during midday trading on Tuesday, reaching $18.78. 26,688 shares of the company were exchanged, compared to its average volume of 24,916. The company has a market capitalization of $372.60 million, a price-to-earnings ratio of 18.23 and a beta of 0.64. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.91 and a current ratio of 0.91. The firm’s 50-day simple moving average is $18.76 and its 200-day simple moving average is $16.26. USCB Financial has a 1 year low of $10.25 and a 1 year high of $21.86.

USCB Financial (NASDAQ:USCB) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. USCB Financial had a return on equity of 10.55% and a net margin of 15.12%. The company had revenue of $37.00 million during the quarter, compared to analysts’ expectations of $20.92 million. During the same quarter in the previous year, the business earned $0.19 EPS. On average, analysts anticipate that USCB Financial will post 1.26 EPS for the current year.

Analyst Ratings Changes

USCB has been the subject of several analyst reports. Raymond James raised USCB Financial from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, November 1st. Piper Sandler raised USCB Financial from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $17.00 to $20.00 in a research report on Monday, November 4th.

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.