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

USCB Financial Holdings, Inc. (NASDAQ:USCB) declared a quarterly dividend on Tuesday, January 20th. Stockholders of record on Tuesday, February 17th will be paid 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% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Down 0.8%

Shares of NASDAQ:USCB opened at $19.29 on Wednesday. USCB Financial has a 1-year low of $15.39 and a 1-year high of $20.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market cap of $349.34 million, a P/E ratio of 12.29 and a beta of 0.60. The firm has a fifty day moving average price of $18.59 and a 200 day moving average price of $17.70.

USCB Financial (NASDAQ:USCB) last announced its earnings results on Thursday, October 23rd. The company reported $0.45 EPS 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 business had revenue of $24.99 million during the quarter, compared to analysts’ expectations of $25.03 million. Sell-side analysts predict that USCB Financial will post 1.58 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on USCB shares. Weiss Ratings reiterated a “buy (b)” rating on shares of USCB Financial in a research note on Monday, December 29th. Zacks Research raised USCB Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Two analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target 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.