USCB Financial Holdings, Inc. (NASDAQ:USCB - Get Free Report)'s stock price dropped 2.8% during trading on Monday . The stock traded as low as $18.93 and last traded at $18.93. Approximately 10,718 shares changed hands during trading, a decline of 48% from the average daily volume of 20,723 shares. The stock had previously closed at $19.48.
USCB Financial Stock Performance
The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.91 and a current ratio of 0.91. The stock's fifty day moving average is $18.56 and its two-hundred day moving average is $17.28. The firm has a market capitalization of $364.48 million, a price-to-earnings ratio of 14.98 and a beta of 0.64.
USCB Financial (NASDAQ:USCB - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). USCB Financial had a return on equity of 12.14% and a net margin of 17.14%. Analysts forecast that USCB Financial Holdings, Inc. will post 1.58 earnings per share for the current year.
USCB Financial Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Friday, February 14th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.18%. This is a positive change from USCB Financial's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, February 14th. USCB Financial's dividend payout ratio (DPR) is 32.52%.
Hedge Funds Weigh In On USCB Financial
Several hedge funds have recently modified their holdings of USCB. BNP Paribas Financial Markets acquired a new stake in USCB Financial during the 4th quarter valued at $36,000. Wells Fargo & Company MN grew its position in USCB Financial by 32.8% during the fourth quarter. Wells Fargo & Company MN now owns 5,799 shares of the company's stock valued at $103,000 after purchasing an additional 1,431 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of USCB Financial by 129.0% in the third quarter. MetLife Investment Management LLC now owns 6,656 shares of the company's stock worth $102,000 after acquiring an additional 3,750 shares during the last quarter. Stifel Financial Corp acquired a new stake in shares of USCB Financial during the 3rd quarter valued at about $244,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of USCB Financial in the fourth quarter worth about $332,000. 61.34% of the stock is currently owned by institutional investors and hedge funds.
USCB Financial Company Profile
(
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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