USCB Financial Holdings, Inc. (NASDAQ:USCB) Plans Quarterly Dividend of $0.10

USCB Financial Holdings, Inc. (NASDAQ:USCB) declared a quarterly dividend on Tuesday, January 21st,RTT News reports. Investors 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 yield of 2.05%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from USCB Financial’s previous quarterly dividend of $0.05.

USCB Financial has a dividend payout ratio of 22.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect USCB Financial to earn $1.83 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 21.9%.

USCB Financial Price Performance

Shares of NASDAQ:USCB opened at $19.52 on Wednesday. USCB Financial has a twelve month low of $10.25 and a twelve month high of $21.86. The company’s 50 day moving average is $18.47 and its 200 day moving average is $16.84. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.55. The company has a market cap of $387.28 million, a PE ratio of 15.87 and a beta of 0.64.

USCB Financial (NASDAQ:USCB) last released its quarterly earnings data on Thursday, January 23rd. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). USCB Financial had a return on equity of 12.14% and a net margin of 17.14%. On average, sell-side analysts forecast that USCB Financial will post 1.52 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on USCB. Piper Sandler upgraded USCB Financial from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $17.00 to $20.00 in a research report on Monday, November 4th. Raymond James upgraded USCB Financial from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, November 1st.

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.