USCB Financial Holdings, Inc. (NASDAQ:USCB) Declares Quarterly Dividend of $0.05

USCB Financial Holdings, Inc. (NASDAQ:USCB) declared a quarterly dividend on Monday, October 28th,Zacks Dividends reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.05 per share on Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Friday, November 15th.

USCB Financial has a payout ratio of 13.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect USCB Financial to earn $1.53 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 13.1%.

USCB Financial Trading Up 0.6 %

USCB opened at $20.58 on Thursday. USCB Financial has a 1-year low of $10.25 and a 1-year high of $21.86. The stock has a market capitalization of $403.78 million, a PE ratio of 19.98 and a beta of 0.40. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.81. The firm has a 50-day moving average price of $15.43 and a two-hundred day moving average price of $14.01.

Insider Transactions at USCB Financial

In other USCB Financial news, Director Ramon A. Rodriguez purchased 6,000 shares of the stock in a transaction on Monday, September 16th. The shares were purchased at an average cost of $14.61 per share, for a total transaction of $87,660.00. Following the purchase, the director now owns 12,000 shares of the company’s stock, valued at approximately $175,320. This represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 48.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

USCB has been the topic of several analyst reports. Raymond James upgraded shares of USCB Financial from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods upped their price objective on USCB Financial from $14.00 to $16.50 and gave the company an “outperform” rating in a report on Monday, July 29th. Hovde Group began coverage on shares of USCB Financial in a research report on Monday, August 12th. They issued a “market perform” rating and a $16.00 price target on the stock. Finally, Piper Sandler upgraded shares of USCB Financial from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $17.00 to $20.00 in a report on Monday, November 4th.

About USCB Financial

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.