USCB Financial Holdings, Inc. (NASDAQ:USCB) Declares Quarterly Dividend of $0.13

USCB Financial Holdings, Inc. (NASDAQ:USCB) announced a quarterly dividend on Tuesday, January 20th. Shareholders of record on Tuesday, February 17th will be given a dividend of 0.125 per share on Thursday, March 5th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, February 17th. This is a 25.0% increase from USCB Financial’s previous quarterly dividend of $0.10.

USCB Financial has a payout ratio of 22.5% meaning its dividend is sufficiently covered by earnings. Analysts expect USCB Financial to earn $1.78 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 22.5%.

USCB Financial Price Performance

Shares of NASDAQ:USCB traded up $0.17 during trading on Wednesday, reaching $19.61. The company had a trading volume of 1,240 shares, compared to its average volume of 28,875. USCB Financial has a twelve month low of $15.39 and a twelve month high of $20.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $355.05 million, a PE ratio of 12.49 and a beta of 0.60. The firm’s fifty day moving average is $18.59 and its 200 day moving average is $17.70.

USCB Financial (NASDAQ:USCB) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. USCB Financial had a net margin of 20.23% and a return on equity of 14.36%. The company had revenue of $24.99 million during the quarter, compared to the consensus estimate of $25.03 million. On average, equities analysts forecast that USCB Financial will post 1.58 EPS for the current year.

Insiders Place Their Bets

In other USCB Financial news, Director W Kirk Wycoff sold 39,000 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $18.68, for a total value of $728,520.00. Following the sale, the director owned 1,856,286 shares of the company’s stock, valued at $34,675,422.48. The trade was a 2.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 179,623 shares of company stock worth $3,303,784 in the last 90 days. 49.50% of the stock is owned by insiders.

Hedge Funds Weigh In On USCB Financial

Hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. raised its stake in USCB Financial by 10.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 58,668 shares of the company’s stock worth $970,000 after acquiring an additional 5,613 shares in the last quarter. Squarepoint Ops LLC bought a new position in USCB Financial in the 3rd quarter worth approximately $404,000. Fiduciary Trust Co bought a new position in USCB Financial in the third quarter valued at about $227,000. First Trust Advisors LP acquired a new stake in shares of USCB Financial during the 2nd quarter worth approximately $212,000. Finally, Tower Research Capital LLC TRC grew its holdings in USCB Financial by 2,081.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,210 shares of the company’s stock worth $70,000 after acquiring an additional 4,017 shares during the period. 61.34% of the stock is owned by institutional investors and hedge funds.

About USCB Financial

USCB Financial (NASDAQ: USCB) is a bank holding company headquartered in Columbia, South Carolina, serving as the parent company of United Security Bank. Established to support community banking in the Midlands region, the company focuses on relationship-driven financial services tailored to both individuals and businesses. As a regional player, USCB Financial emphasizes personalized service through a network of full-service branch offices.

The company’s core business activities include commercial and consumer lending, deposit products and alternative delivery channels.