USCB Financial Holdings, Inc. (USCB) To Go Ex-Dividend on November 14th

USCB Financial Holdings, Inc. (NASDAQ:USCB) declared a quarterly dividend on Monday, October 20th. Investors of record on Friday, November 14th will be paid a dividend of 0.10 per share on Friday, December 5th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, November 14th.

USCB Financial has a dividend payout ratio of 22.5% meaning 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 1.2%

USCB stock opened at $17.85 on Wednesday. The company has a market cap of $323.26 million, a price-to-earnings ratio of 11.37 and a beta of 0.60. USCB Financial has a twelve month low of $15.39 and a twelve month high of $21.11. The business has a 50 day moving average price of $17.29 and a two-hundred day moving average price of $17.01. The company has a quick ratio of 0.91, a current ratio of 0.87 and a debt-to-equity ratio of 0.24.

USCB Financial (NASDAQ:USCB) last released its quarterly earnings data on Monday, August 7th. The company reported $0.26 EPS for the quarter. USCB Financial had a return on equity of 14.36% and a net margin of 20.23%.The company had revenue of $17.26 million during the quarter. Analysts anticipate that USCB Financial will post 1.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

USCB has been the subject of several recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of USCB Financial in a research note on Wednesday, October 8th. Zacks Research downgraded USCB Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Piper Sandler increased their price target on USCB Financial from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Finally, Raymond James Financial raised shares of USCB Financial from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $20.00 to $22.00 in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $22.00.

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.