USCB Financial (USCB) Set to Announce Quarterly Earnings on Thursday

USCB Financial (NASDAQ:USCB) will be posting its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

USCB Financial (NASDAQ:USCB) last released its quarterly earnings data on Thursday, January 25th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). USCB Financial had a return on equity of 9.28% and a net margin of 15.26%. The company had revenue of $15.70 million for the quarter, compared to analyst estimates of $17.31 million. 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 Trading Down 0.3 %

Shares of USCB Financial stock opened at $10.51 on Thursday. The company has a fifty day simple moving average of $11.08 and a 200-day simple moving average of $11.44. USCB Financial has a 12-month low of $8.56 and a 12-month high of $12.97. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.95. The stock has a market cap of $206.52 million, a price-to-earnings ratio of 12.66 and a beta of 0.35.

USCB Financial Announces Dividend

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

Insider Buying and Selling

In related news, CFO Robert B. Anderson acquired 4,000 shares of USCB Financial stock in a transaction on Thursday, March 14th. The stock was purchased at an average cost of $11.21 per share, with a total value of $44,840.00. Following the purchase, the chief financial officer now directly owns 48,132 shares in the company, valued at $539,559.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Robert B. Anderson acquired 3,600 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were purchased at an average cost of $11.29 per share, for a total transaction of $40,644.00. Following the transaction, the chief financial officer now directly owns 40,732 shares in the company, valued at approximately $459,864.28. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert B. Anderson acquired 4,000 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was purchased at an average cost of $11.21 per share, for a total transaction of $44,840.00. Following the completion of the purchase, the chief financial officer now directly owns 48,132 shares in the company, valued at approximately $539,559.72. The disclosure for this purchase can be found here. Insiders have purchased a total of 17,600 shares of company stock valued at $196,184 over the last quarter. 48.10% of the stock is currently owned by insiders.

Institutional Trading of USCB Financial

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in USCB Financial by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 378,558 shares of the company’s stock worth $4,637,000 after purchasing an additional 8,207 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of USCB Financial during the 4th quarter worth approximately $204,000. Barclays PLC increased its stake in USCB Financial by 174.1% in the 4th quarter. Barclays PLC now owns 19,888 shares of the company’s stock valued at $244,000 after purchasing an additional 12,631 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in USCB Financial by 43.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 43,562 shares of the company’s stock worth $534,000 after purchasing an additional 13,227 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of USCB Financial by 8.7% in the 2nd quarter. Alliancebernstein L.P. now owns 972,383 shares of the company’s stock worth $9,918,000 after buying an additional 77,417 shares in the last quarter. Institutional investors and hedge funds own 61.34% of the company’s stock.

Wall Street Analysts Forecast Growth

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

USCB Financial Company Profile

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.