USCB Financial Holdings, Inc. (NASDAQ:USCB - Get Free Report) declared a quarterly dividend on Monday, October 28th, Zacks reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.05 per share on Thursday, December 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, November 15th.
USCB Financial has a payout ratio of 14.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect USCB Financial to earn $1.34 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 14.9%.
USCB Financial Trading Down 1.7 %
USCB Financial stock traded down $0.25 during midday trading on Wednesday, hitting $14.60. 13,330 shares of the stock were exchanged, compared to its average volume of 23,435. 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 stock's 50-day simple moving average is $14.74 and its 200 day simple moving average is $13.47. USCB Financial has a fifty-two week low of $10.25 and a fifty-two week high of $16.82. The stock has a market capitalization of $286.45 million, a price-to-earnings ratio of 16.98 and a beta of 0.39.
Insider Activity at USCB Financial
In other news, Director Ramon A. Rodriguez bought 6,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was bought at an average cost of $14.61 per share, for a total transaction of $87,660.00. Following the acquisition, the director now directly owns 12,000 shares of the company's stock, valued at $175,320. The trade was a 100.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 48.50% of the stock is owned by insiders.
Analysts Set New Price Targets
USCB has been the subject of several analyst reports. Hovde Group assumed coverage on USCB Financial in a research report on Monday, August 12th. They issued a "market perform" rating and a $16.00 price objective for the company. Keefe, Bruyette & Woods raised their price objective on USCB Financial from $14.00 to $16.50 and gave the stock an "outperform" rating in a research report on Monday, July 29th.
Read Our Latest Stock Report on USCB Financial
About USCB Financial
(
Get Free Report)
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.
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