USCB Financial (NASDAQ:USCB) Posts Earnings Results, Beats Estimates By $0.07 EPS

USCB Financial (NASDAQ:USCB) announced its earnings results on Thursday. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.07, Zacks reports. USCB Financial had a net margin of 13.67% and a return on equity of 9.49%. The business had revenue of $35.83 million during the quarter, compared to the consensus estimate of $18.56 million. During the same period in the prior year, the firm earned $0.21 earnings per share.

USCB Financial Stock Down 2.3 %

Shares of USCB Financial stock traded down $0.36 during trading on Friday, reaching $15.43. The company had a trading volume of 23,918 shares, compared to its average volume of 55,401. USCB Financial has a fifty-two week low of $10.04 and a fifty-two week high of $16.63. The company has a market cap of $303.20 million, a price-to-earnings ratio of 20.04 and a beta of 0.40. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 0.91. The firm’s fifty day moving average is $12.73 and its 200-day moving average is $11.88.

USCB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.30%. USCB Financial’s dividend payout ratio (DPR) is presently 25.97%.

Insider Buying and Selling

In related news, CFO Robert B. Anderson acquired 19,289 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was acquired at an average cost of $11.14 per share, for a total transaction of $214,879.46. Following the completion of the acquisition, the chief financial officer now directly owns 67,421 shares of the company’s stock, valued at approximately $751,069.94. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Robert B. Anderson acquired 7,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was bought at an average price of $12.12 per share, for a total transaction of $84,840.00. Following the transaction, the chief financial officer now owns 86,933 shares of the company’s stock, valued at $1,053,627.96. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Robert B. Anderson bought 19,289 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was bought at an average price of $11.14 per share, for a total transaction of $214,879.46. Following the completion of the acquisition, the chief financial officer now directly owns 67,421 shares in the company, valued at $751,069.94. The disclosure for this purchase can be found here. Insiders have bought a total of 36,789 shares of company stock valued at $425,297 in the last quarter. Company insiders own 48.50% of the company’s stock.

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.