USCB Financial Holdings, Inc. (NASDAQ:USCB) Shares to Pay Quarterly Dividend of $0.12

USCB Financial Holdings, Inc. (NASDAQ:USCB) declared a quarterly dividend on Monday, October 19th. Shareholders of record on Monday, November 16th will be given a dividend of $0.1250 per share on Friday, December 4th. This represents a $0.50 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, November 16th.

USCB Financial has a dividend payout ratio of 28.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect USCB Financial to earn $2.36 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 21.2%.

USCB Financial Stock Performance

Shares of NASDAQ:USCB opened at $22.24 on Tuesday. The company has a market capitalization of $410.77 million, a price-to-earnings ratio of 14.63 and a beta of 0.45. USCB Financial has a 12 month low of $16.82 and a 12 month high of $23.89. The firm’s 50-day moving average is $22.57 and its 200 day moving average is $20.71. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.20.

USCB Financial (NASDAQ:USCB) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. The company had revenue of $27.95 million for the quarter, compared to the consensus estimate of $26.74 million. USCB Financial had a net margin of 17.24% and a return on equity of 15.77%. Research analysts predict that USCB Financial will post 2.09 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new position in shares of USCB Financial in the second quarter worth about $59,000. Squarepoint Ops LLC lifted its stake in USCB Financial by 200.7% in the 2nd quarter. Squarepoint Ops LLC now owns 59,362 shares of the company’s stock worth $1,215,000 after purchasing an additional 39,623 shares in the last quarter. Odyssean LLC acquired a new position in USCB Financial during the second quarter worth $270,000. Wellington Management Group LLP boosted its stake in USCB Financial by 17.8% during the second quarter. Wellington Management Group LLP now owns 539,779 shares of the company’s stock worth $11,044,000 after buying an additional 81,450 shares during the last quarter. Finally, Globeflex Capital L P purchased a new stake in USCB Financial in the 2nd quarter valued at $398,000. 61.34% of the stock is owned by institutional investors and hedge funds.

About USCB Financial

USCB Financial Corp. is the bank holding company for U.S. Century Bank, a community bank headquartered in Miami, Florida. Through its banking subsidiary, the company provides financial services to individuals, families, professionals and businesses, with a focus on relationship-based banking.

U.S. Century Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending services include commercial real estate, commercial and industrial, residential real estate and consumer loans.