USCB Financial Holdings, Inc. (NASDAQ:USCB) Plans Quarterly Dividend of $0.12

USCB Financial Holdings, Inc. (NASDAQ:USCB) declared a quarterly dividend on Monday, July 20th. Investors of record on Monday, August 17th will be given a dividend of 0.125 per share on Friday, September 4th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, August 17th.

USCB Financial has a dividend payout ratio of 28.1% meaning its dividend is sufficiently covered by earnings. Analysts expect USCB Financial to earn $2.19 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 22.8%.

USCB Financial Stock Down 0.8%

NASDAQ:USCB opened at $20.32 on Tuesday. The stock’s fifty day moving average price is $19.34 and its two-hundred day moving average price is $19.17. USCB Financial has a 52-week low of $16.06 and a 52-week high of $20.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $371.04 million, a price-to-earnings ratio of 14.21 and a beta of 0.51.

USCB Financial (NASDAQ:USCB) last released its earnings results on Thursday, April 23rd. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $26.18 million during the quarter, compared to analyst estimates of $25.95 million. USCB Financial had a net margin of 17.04% and a return on equity of 15.37%. On average, analysts anticipate that USCB Financial will post 2.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on USCB. Wall Street Zen cut USCB Financial from a “buy” rating to a “hold” rating in a report on Monday. Raymond James Financial restated a “strong-buy” rating on shares of USCB Financial in a research report on Monday, April 27th. Piper Sandler raised their target price on shares of USCB Financial from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Hovde Group lifted their price target on shares of USCB Financial from $19.50 to $20.00 and gave the stock a “market perform” rating in a research report on Monday, April 27th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of USCB Financial in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

USCB Financial Company Profile

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.