USCB Financial Holdings, Inc. (NASDAQ:USCB) Increases Dividend to $0.10 Per Share

USCB Financial Holdings, Inc. (NASDAQ:USCB) announced 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 dividend on an annualized basis and a dividend yield of 2.13%. This is a boost from USCB Financial’s previous quarterly dividend of $0.05.

USCB Financial has a payout ratio of 11.8% indicating that 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 Price Performance

USCB traded up $0.58 during trading on Tuesday, reaching $18.78. The stock had a trading volume of 26,688 shares, compared to its average volume of 24,916. The stock has a 50 day moving average of $18.76 and a two-hundred day moving average of $16.26. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $372.60 million, a price-to-earnings ratio of 18.23 and a beta of 0.64. USCB Financial has a 1-year low of $10.25 and a 1-year high of $21.86.

USCB Financial (NASDAQ:USCB) last issued its earnings results on Thursday, October 31st. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. USCB Financial had a return on equity of 10.55% and a net margin of 15.12%. The business had revenue of $37.00 million for the quarter, compared to analysts’ expectations of $20.92 million. During the same period in the previous year, the firm posted $0.19 EPS. As a group, equities analysts anticipate that USCB Financial will post 1.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on USCB shares. Raymond James raised shares of USCB Financial from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, November 1st. Piper Sandler raised shares of USCB Financial from a “neutral” rating to an “overweight” rating and increased their price target for the company from $17.00 to $20.00 in a report on Monday, November 4th.

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.