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

USCB Financial (NASDAQ:USCB) issued its 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 business had revenue of $26.97 million during the quarter, compared to the consensus estimate of $29.18 million. USCB Financial had a return on equity of 15.77% and a net margin of 17.24%.

USCB Financial Price Performance

USCB Financial stock traded up $0.46 during midday trading on Thursday, reaching $22.75. 106,903 shares of the stock were exchanged, compared to its average volume of 58,519. USCB Financial has a 52 week low of $16.82 and a 52 week high of $23.89. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $420.28 million, a PE ratio of 14.97 and a beta of 0.45. The company’s fifty day moving average is $22.57 and its 200-day moving average is $20.76.

USCB Financial Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods raised their price objective on USCB Financial from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Weiss Ratings upgraded shares of USCB Financial from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Hovde Group raised their price target on shares of USCB Financial from $20.00 to $22.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Zacks Research downgraded USCB Financial from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th. Finally, Piper Sandler lifted their price target on USCB Financial from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.33.

About USCB Financial

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.