USCB Financial Holdings, Inc. (NASDAQ:USCB) Declares $0.05 Quarterly Dividend

USCB Financial Holdings, Inc. (NASDAQ:USCB) declared a quarterly dividend on Monday, October 28th, Zacks reports. Investors of record on Friday, November 15th will be given a dividend of 0.05 per share on Thursday, December 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Friday, November 15th.

USCB Financial has a dividend payout ratio of 14.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect USCB Financial to earn $1.34 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 14.9%.

USCB Financial Stock Performance

USCB Financial stock traded down $0.15 during midday trading on Wednesday, hitting $14.70. The company’s stock had a trading volume of 3,229 shares, compared to its average volume of 23,384. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $288.41 million, a price-to-earnings ratio of 16.98 and a beta of 0.39. USCB Financial has a 1-year low of $10.25 and a 1-year high of $16.82. The company has a 50-day moving average price of $14.74 and a two-hundred day moving average price of $13.47.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on USCB shares. Hovde Group initiated coverage on USCB Financial in a research note on Monday, August 12th. They issued a “market perform” rating and a $16.00 price target for the company. Keefe, Bruyette & Woods upped their price objective on shares of USCB Financial from $14.00 to $16.50 and gave the stock an “outperform” rating in a research report on Monday, July 29th.

Insider Transactions at USCB Financial

In other USCB Financial news, Director Ramon A. Rodriguez acquired 6,000 shares of USCB Financial stock in a transaction that occurred on Monday, September 16th. The shares were acquired at an average cost of $14.61 per share, with a total value of $87,660.00. Following the completion of the purchase, the director now directly owns 12,000 shares of the company’s stock, valued at $175,320. This represents a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 48.50% of the stock is owned by insiders.

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.