USCB Financial Holdings, Inc. (NASDAQ:USCB) Shares Set to Pay Quarterly Dividend of $0.12

USCB Financial Holdings, Inc. (NASDAQ:USCB) announced a quarterly dividend on Monday, October 19th. Investors of record on Monday, November 16th will be paid a dividend of $0.1250 per share on Friday, December 4th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, November 16th.

USCB Financial has a payout ratio of 28.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect USCB Financial to earn $2.36 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 21.2%.

USCB Financial Price Performance

Shares of USCB opened at $22.24 on Tuesday. USCB Financial has a 1-year low of $16.82 and a 1-year high of $23.89. The stock has a market cap of $410.77 million, a PE ratio of 14.63 and a beta of 0.45. The firm has a 50-day simple moving average of $22.57 and a two-hundred day simple moving average of $20.71. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.97 and a quick ratio of 0.97.

USCB Financial (NASDAQ:USCB) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.49. The business had revenue of $27.95 million during the quarter, compared to analysts’ expectations of $26.74 million. USCB Financial had a return on equity of 15.77% and a net margin of 17.24%. As a group, analysts forecast that USCB Financial will post 2.09 EPS for the current year.

Institutional Trading of USCB Financial

Several institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. acquired a new stake in shares of USCB Financial in the first quarter valued at approximately $41,000. Integrated Wealth Concepts LLC acquired a new position in shares of USCB Financial in the 2nd quarter valued at $59,000. SG Americas Securities LLC increased its holdings in shares of USCB Financial by 16.7% in the 1st quarter. SG Americas Securities LLC now owns 6,363 shares of the company’s stock valued at $118,000 after acquiring an additional 910 shares during the period. Odyssean LLC purchased a new stake in USCB Financial in the 2nd quarter valued at $270,000. Finally, Globeflex Capital L P purchased a new stake in USCB Financial in the 2nd quarter valued at $398,000. 61.34% of the stock is owned by hedge funds and other institutional investors.

USCB Financial Company Profile

USCB Financial Corp. is the bank holding company for U.S. Century Bank, a community bank headquartered in Miami, Florida. Through its banking subsidiary, the company provides financial services to individuals, families, professionals and businesses, with a focus on relationship-based banking.

U.S. Century Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending services include commercial real estate, commercial and industrial, residential real estate and consumer loans.