USCB Financial (NASDAQ:USCB) Posts Earnings Results, Misses Expectations By $0.02 EPS

USCB Financial (NASDAQ:USCB) announced its quarterly earnings results on Thursday. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02), Zacks reports. USCB Financial had a net margin of 15.12% and a return on equity of 10.55%.

USCB Financial Stock Performance

USCB Financial stock remained flat at $18.27 during mid-day trading on Thursday. The company’s stock had a trading volume of 23,623 shares, compared to its average volume of 24,173. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.91 and a quick ratio of 0.91. USCB Financial has a 1-year low of $10.25 and a 1-year high of $21.86. The firm’s 50-day moving average is $18.68 and its two-hundred day moving average is $16.32. The stock has a market cap of $362.48 million, a P/E ratio of 17.74 and a beta of 0.64.

USCB Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Friday, February 14th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from USCB Financial’s previous quarterly dividend of $0.05. USCB Financial’s dividend payout ratio is currently 19.42%.

Analyst Ratings Changes

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

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.