USCB Financial Holdings, Inc. (USCB) To Go Ex-Dividend on February 14th

USCB Financial Holdings, Inc. (NASDAQ:USCB) declared 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 2.19%. The ex-dividend date is Friday, February 14th. This is an increase from USCB Financial’s previous quarterly dividend of $0.05.

USCB Financial has a payout ratio of 11.8% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Down 2.7 %

USCB stock opened at $18.27 on Thursday. The stock has a 50-day simple moving average of $18.68 and a two-hundred day simple moving average of $16.32. USCB Financial has a twelve month low of $10.25 and a twelve month high of $21.86. The firm has a market capitalization of $362.48 million, a PE ratio of 17.74 and a beta of 0.64. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.55.

USCB Financial (NASDAQ:USCB) last issued its quarterly earnings data 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 net margin of 15.12% and a return on equity of 10.55%. 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 company earned $0.19 earnings per share. On average, equities analysts predict that USCB Financial will post 1.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on USCB shares. Raymond James upgraded USCB Financial from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, November 1st. Piper Sandler upgraded USCB Financial from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $17.00 to $20.00 in a research report on Monday, November 4th.

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.