USCB Financial (USCB) Set to Announce Earnings on Thursday

USCB Financial (NASDAQ:USCB) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

USCB Financial (NASDAQ:USCB) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). The business had revenue of $15.70 million for the quarter, compared to analyst estimates of $17.31 million. USCB Financial had a net margin of 15.26% and a return on equity of 9.28%. On average, analysts expect USCB Financial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

USCB Financial Stock Performance

USCB stock opened at $10.51 on Thursday. The company has a 50-day simple moving average of $11.08 and a 200 day simple moving average of $11.44. The company has a market capitalization of $206.52 million, a P/E ratio of 12.66 and a beta of 0.35. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.95. USCB Financial has a fifty-two week low of $8.56 and a fifty-two week high of $12.97.

USCB Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Thursday, February 15th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, February 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.90%. USCB Financial’s dividend payout ratio (DPR) is 24.10%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Raymond James raised their price objective on shares of USCB Financial from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Keefe, Bruyette & Woods boosted their price objective on USCB Financial from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th.

Insider Activity

In other USCB Financial news, Director Howard Feinglass bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average cost of $11.07 per share, for a total transaction of $110,700.00. Following the acquisition, the director now directly owns 4,518,309 shares of the company’s stock, valued at $50,017,680.63. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Howard Feinglass acquired 10,000 shares of USCB Financial stock in a transaction dated Tuesday, February 27th. The stock was acquired at an average cost of $11.07 per share, with a total value of $110,700.00. Following the purchase, the director now directly owns 4,518,309 shares in the company, valued at approximately $50,017,680.63. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert B. Anderson bought 3,600 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was bought at an average price of $11.29 per share, for a total transaction of $40,644.00. Following the completion of the acquisition, the chief financial officer now directly owns 40,732 shares in the company, valued at $459,864.28. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 17,600 shares of company stock worth $196,184. Corporate insiders own 48.10% of the company’s stock.

Institutional Trading of USCB Financial

Several institutional investors and hedge funds have recently bought and sold shares of USCB. EJF Capital LLC purchased a new position in shares of USCB Financial in the first quarter worth approximately $5,782,000. Endeavour Capital Advisors Inc. grew its position in USCB Financial by 59.3% during the 4th quarter. Endeavour Capital Advisors Inc. now owns 550,188 shares of the company’s stock worth $6,712,000 after purchasing an additional 204,905 shares in the last quarter. Vanguard Group Inc. raised its stake in USCB Financial by 107.0% during the 1st quarter. Vanguard Group Inc. now owns 214,437 shares of the company’s stock valued at $3,073,000 after purchasing an additional 110,853 shares during the period. Northern Trust Corp acquired a new stake in USCB Financial during the 2nd quarter valued at $898,000. Finally, Alliancebernstein L.P. lifted its holdings in shares of USCB Financial by 8.7% in the second quarter. Alliancebernstein L.P. now owns 972,383 shares of the company’s stock valued at $9,918,000 after purchasing an additional 77,417 shares in the last quarter. Institutional investors and hedge funds own 61.34% of the company’s stock.

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.