USCB Financial Holdings announced a 100% increase in its quarterly cash dividend to $0.10 per share, payable March 5, 2025.
Quiver AI Summary
USCB Financial Holdings, Inc. announced a 100% increase in its quarterly cash dividend, now set at $0.10 per share for Class A common stock, up from $0.05 per share. This dividend will be paid on March 5, 2025, to shareholders on record by February 14, 2025. The decision reflects the company's ongoing financial health, which is highlighted by U.S. Century Bank being one of the largest community banks in Miami and earning a 5-Star rating from BauerFinancial. Future dividends will be reviewed and approved quarterly by the Board of Directors.
Potential Positives
- USCB Financial Holdings declared a 100% increase in its quarterly cash dividend, enhancing shareholder value.
- The raised dividend amount demonstrates the company's strong financial performance and commitment to returning profits to shareholders.
- The dividend declaration reflects confidence in future earnings and financial stability.
- The company's solid reputation as one of the largest community banks in Florida, further establishing investor trust.
Potential Negatives
- The increase in the dividend may raise concerns among investors about the company's ability to sustain future payouts, particularly if profits do not grow commensurately.
- Future dividend payments are subject to quarterly review and approval by the Board of Directors, which may create uncertainty for shareholders about the reliability of future income.
- None
FAQ
What is the new dividend rate declared by USCB Financial Holdings?
The new dividend rate is $0.10 per share, an increase of 100.0% from the previous $0.05.
When is the dividend payment date for shareholders?
The dividend payment date is March 5, 2025, for shareholders on record as of February 14, 2025.
How often does USCB Financial Holdings review dividend payments?
Future dividend payments are subject to quarterly review and approval by the Board of Directors.
What is USCB Financial Holdings known for?
USCB Financial Holdings is the holding company for U.S. Century Bank, one of Miami's largest community banks.
How can I find a U.S. Century Bank location?
You can find a U.S. Century Bank location by visiting www.uscentury.com or calling (305) 715-5200.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$USCB Insider Trading Activity
$USCB insiders have traded $USCB stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $USCB stock by insiders over the last 6 months:
- RAMON A RODRIGUEZ purchased 6,000 shares for an estimated $87,660
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$USCB Hedge Fund Activity
We have seen 31 institutional investors add shares of $USCB stock to their portfolio, and 24 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BESSEMER GROUP INC added 113,602 shares (+inf%) to their portfolio in Q3 2024, for an estimated $1,732,430
- BASSWOOD CAPITAL MANAGEMENT, L.L.C. added 101,384 shares (+22.6%) to their portfolio in Q3 2024, for an estimated $1,546,106
- BLACKROCK, INC. added 74,902 shares (+11.6%) to their portfolio in Q3 2024, for an estimated $1,142,255
- CURI RMB CAPITAL, LLC removed 39,500 shares (-6.5%) from their portfolio in Q3 2024, for an estimated $602,375
- GOLDMAN SACHS GROUP INC removed 35,706 shares (-44.1%) from their portfolio in Q3 2024, for an estimated $544,516
- RENAISSANCE TECHNOLOGIES LLC added 33,199 shares (+50.0%) to their portfolio in Q3 2024, for an estimated $506,284
- PACIFIC RIDGE CAPITAL PARTNERS, LLC removed 28,543 shares (-6.9%) from their portfolio in Q3 2024, for an estimated $435,280
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
MIAMI, Jan. 21, 2025 (GLOBE NEWSWIRE) --
USCB
Financial
Holdings,
Inc.
(the
“Company”)
(NASDAQ:
USCB)
, the holding company for U.S. Century Bank, announced today that its Board of Directors declared a regular quarterly cash dividend of $0.10 per share of Class A common stock, which represents an increase of $0.05, or 100.0%, per share compared with the previous quarterly dividend of $0.05 per share. The common stock dividend is payable on March 5, 2025, to shareholders of record as of the close of business on February 14, 2025. Future dividend payments are subject to quarterly review and approval by the Board of Directors.
About USCB Financial Holdings, Inc.
USCB Financial Holdings, Inc. is the bank holding company for U.S. Century Bank. Established in 2002, U.S. Century Bank is one of the largest community banks headquartered in Miami, and one of the largest community banks in the State of Florida. U.S. Century Bank is rated 5-Stars by BauerFinancial, the nation’s leading independent bank rating firm. U.S. Century Bank offers customers a wide range of financial products and services and supports numerous community organizations, including the Greater Miami Chamber of Commerce, the South Florida Hispanic Chamber of Commerce, and ChamberSouth. For more information or to find a U.S. Century Bank banking center near you, please call (305) 715-5200 or visit
www.uscentury.com
.
Contacts:
Investor Relations
InvestorRelations@uscentury.com
Martha Guerra-Kattou
(305) 715-5141
MGuerra@uscentury.com
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