USCB Financial Holdings, Inc. (USCB) to Distribute Quarterly Dividend of $0.12 on September 4th

USCB Financial Holdings, Inc. (NASDAQ:USCB) announced 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 2.4%. The ex-dividend date of this dividend is Monday, August 17th.

USCB Financial has a dividend payout ratio of 28.1% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Up 0.5%

NASDAQ USCB opened at $20.42 on Wednesday. The company has a market capitalization of $372.87 million, a price-to-earnings ratio of 14.28 and a beta of 0.51. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.91 and a quick ratio of 0.91. USCB Financial has a 12 month low of $16.06 and a 12 month high of $20.99. The company’s fifty day moving average price is $19.38 and its two-hundred day moving average price is $19.19.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Hovde Group boosted their price objective on USCB Financial from $19.50 to $20.00 and gave the company a “market perform” rating in a report on Monday, April 27th. Wall Street Zen downgraded USCB Financial from a “buy” rating to a “hold” rating in a report on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of USCB Financial in a research report on Friday, May 29th. Zacks Research raised USCB Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Finally, Piper Sandler raised their price objective on USCB Financial from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, USCB Financial has a consensus rating of “Moderate Buy” and a consensus 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.