USCB Financial (NASDAQ:USCB) Releases Earnings Results

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

USCB Financial Price Performance

USCB stock remained flat at $18.27 during midday trading on Thursday. The company’s stock had a trading volume of 23,623 shares, compared to its average volume of 24,173. USCB Financial has a one year low of $10.25 and a one year high of $21.86. The company has a market cap of $362.48 million, a PE ratio of 17.74 and a beta of 0.64. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.55. The firm’s fifty day simple moving average is $18.68 and its 200 day simple moving average is $16.32.

USCB Financial Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have commented on the company. Piper Sandler upgraded USCB Financial from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $17.00 to $20.00 in a research note on Monday, November 4th. Raymond James raised shares of 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.