USCB Financial (NASDAQ:USCB) Releases Quarterly Earnings Results, Misses Expectations By $0.05 EPS

USCB Financial (NASDAQ:USCB) posted its quarterly earnings results on Thursday. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05), FiscalAI reports. The company had revenue of $26.97 million during the quarter, compared to analyst estimates of $29.18 million. USCB Financial had a net margin of 17.24% and a return on equity of 15.77%.

USCB Financial Trading Up 2.1%

Shares of USCB traded up $0.46 during trading hours on Thursday, hitting $22.75. 106,903 shares of the stock were exchanged, compared to its average volume of 58,519. USCB Financial has a fifty-two week low of $16.82 and a fifty-two week high of $23.89. The business has a 50-day moving average of $22.57 and a 200-day moving average of $20.76. The firm has a market capitalization of $420.28 million, a P/E ratio of 14.97 and a beta of 0.45. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.97 and a quick ratio of 0.97.

USCB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Monday, November 16th will be given a dividend of $0.1250 per share. The ex-dividend date is Monday, November 16th. This represents a $0.50 annualized dividend and a dividend yield of 2.2%. USCB Financial’s dividend payout ratio is 32.89%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on USCB. Piper Sandler lifted their price target on USCB Financial from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Hovde Group raised their target price on USCB Financial from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th. Weiss Ratings raised USCB Financial from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Wall Street Zen downgraded USCB Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, Keefe, Bruyette & Woods upped their price target on USCB Financial from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $24.33.

USCB Financial Company Profile

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.