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

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

USCB Financial Trading Down 2.3 %

USCB stock traded down $0.36 during trading on Friday, reaching $15.43. 23,918 shares of the stock traded hands, compared to its average volume of 55,401. The business’s 50 day moving average price is $12.73 and its 200-day moving average price is $11.88. USCB Financial has a 52-week low of $10.04 and a 52-week high of $16.63. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $303.20 million, a PE ratio of 20.04 and a beta of 0.40.

USCB Financial Announces Dividend

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

Insider Buying and Selling at USCB Financial

In related news, CFO Robert B. Anderson acquired 3,000 shares of USCB Financial stock in a transaction on Monday, May 6th. The shares were bought at an average price of $11.91 per share, for a total transaction of $35,730.00. Following the completion of the purchase, the chief financial officer now directly owns 71,408 shares in the company, valued at approximately $850,469.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other USCB Financial news, CFO Robert B. Anderson purchased 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were acquired at an average price of $11.91 per share, for a total transaction of $35,730.00. Following the completion of the purchase, the chief financial officer now owns 71,408 shares in the company, valued at approximately $850,469.28. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert B. Anderson purchased 7,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was acquired at an average price of $12.12 per share, for a total transaction of $84,840.00. Following the purchase, the chief financial officer now owns 86,933 shares of the company’s stock, valued at approximately $1,053,627.96. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 36,789 shares of company stock valued at $425,297. Company insiders own 48.50% of the company’s stock.

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.