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

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

USCB Financial Price Performance

Shares of USCB Financial stock opened at $18.27 on Friday. The firm has a market capitalization of $362.48 million, a PE ratio of 17.74 and a beta of 0.64. USCB Financial has a 12 month low of $10.25 and a 12 month high of $21.86. The business’s 50-day moving average price is $18.64 and its 200-day moving average price is $16.33. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.55.

USCB Financial Increases Dividend

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

Analyst Ratings Changes

Several brokerages recently issued reports on USCB. Piper Sandler upgraded shares of USCB Financial from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $17.00 to $20.00 in a report on Monday, November 4th. Raymond James raised USCB Financial from a “moderate buy” rating to a “strong-buy” rating in a research report 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.