USCB Financial (NASDAQ:USCB) Announces Quarterly Earnings Results

by · The Markets Daily

USCB Financial (NASDAQ:USCB – Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.07), Zacks reports. USCB Financial had a return on equity of 14.36% and a net margin of 20.23%.

USCB Financial Stock Up 0.5%

NASDAQ USCB traded up $0.10 during trading hours on Thursday, reaching $20.48. 50,304 shares of the company traded hands, compared to its average volume of 30,200. The stock has a market capitalization of $370.89 million, a PE ratio of 13.04 and a beta of 0.60. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.24. USCB Financial has a 12 month low of $15.39 and a 12 month high of $20.79. The company has a 50 day moving average of $18.64 and a two-hundred day moving average of $17.72.

USCB Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Tuesday, February 17th will be issued a $0.125 dividend. This is a boost from USCB Financial’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, February 17th. USCB Financial’s dividend payout ratio is currently 25.48%.

Insider Buying and Selling

In related news, Director W Kirk Wycoff sold 82,043 shares of USCB Financial stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $18.56, for a total value of $1,522,718.08. Following the completion of the transaction, the director directly owned 1,895,286 shares in the company, valued at approximately $35,176,508.16. This trade represents a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 179,623 shares of company stock valued at $3,303,784 in the last three months. 49.50% of the stock is currently owned by company insiders.

Institutional Trading of USCB Financial

Several institutional investors have recently added to or reduced their stakes in USCB. Patriot Financial Partners GP II L.P. acquired a new position in shares of USCB Financial in the 3rd quarter valued at about $35,527,000. Alliancebernstein L.P. boosted its stake in USCB Financial by 9.0% in the second quarter. Alliancebernstein L.P. now owns 973,088 shares of the company’s stock valued at $16,095,000 after acquiring an additional 79,983 shares during the period. Mendon Capital Advisors Corp grew its holdings in shares of USCB Financial by 3.1% during the second quarter. Mendon Capital Advisors Corp now owns 691,048 shares of the company’s stock valued at $11,430,000 after purchasing an additional 20,870 shares during the last quarter. Geode Capital Management LLC raised its position in shares of USCB Financial by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 248,716 shares of the company’s stock worth $4,114,000 after purchasing an additional 4,242 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of USCB Financial by 7.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 154,958 shares of the company’s stock worth $2,704,000 after purchasing an additional 11,251 shares during the period. Institutional investors own 61.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on USCB shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of USCB Financial in a research report on Monday, December 29th. Zacks Research upgraded USCB Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Two equities research analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $22.00.

Check Out Our Latest Report on USCB

About USCB Financial

(Get Free Report)

USCB Financial (NASDAQ: USCB) is a bank holding company headquartered in Columbia, South Carolina, serving as the parent company of United Security Bank. Established to support community banking in the Midlands region, the company focuses on relationship-driven financial services tailored to both individuals and businesses. As a regional player, USCB Financial emphasizes personalized service through a network of full-service branch offices.

The company’s core business activities include commercial and consumer lending, deposit products and alternative delivery channels.

Recommended Stories