United Security Bancshares (NASDAQ:UBFO) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of United Security Bancshares (NASDAQ:UBFO) in a report released on Thursday. The brokerage issued a hold rating on the financial services provider’s stock.

United Security Bancshares Price Performance

Shares of NASDAQ:UBFO opened at $8.13 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $140.81 million, a price-to-earnings ratio of 7.82 and a beta of 0.59. The business has a 50-day simple moving average of $7.75 and a two-hundred day simple moving average of $7.50. United Security Bancshares has a fifty-two week low of $6.78 and a fifty-two week high of $8.74.

United Security Bancshares (NASDAQ:UBFO) last released its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.25 earnings per share for the quarter. The firm had revenue of $13.04 million during the quarter. United Security Bancshares had a net margin of 26.73% and a return on equity of 14.48%.

United Security Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 23rd. Stockholders of record on Monday, July 8th were paid a $0.12 dividend. The ex-dividend date was Monday, July 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.90%. United Security Bancshares’s dividend payout ratio (DPR) is currently 46.15%.

Insider Buying and Selling

In other news, Director Jagroop Gill bought 8,255 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were acquired at an average cost of $7.20 per share, with a total value of $59,436.00. Following the completion of the transaction, the director now owns 1,079,667 shares of the company’s stock, valued at approximately $7,773,602.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders bought 150,639 shares of company stock valued at $1,192,113 over the last 90 days. Company insiders own 20.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Kennedy Capital Management LLC grew its position in shares of United Security Bancshares by 33.6% during the 1st quarter. Kennedy Capital Management LLC now owns 78,141 shares of the financial services provider’s stock valued at $602,000 after acquiring an additional 19,658 shares during the period. Vanguard Group Inc. lifted its position in United Security Bancshares by 2.7% during the first quarter. Vanguard Group Inc. now owns 558,965 shares of the financial services provider’s stock valued at $4,310,000 after purchasing an additional 14,472 shares in the last quarter. Miracle Mile Advisors LLC purchased a new position in United Security Bancshares during the first quarter valued at $108,000. Empowered Funds LLC grew its holdings in United Security Bancshares by 7.8% during the first quarter. Empowered Funds LLC now owns 43,549 shares of the financial services provider’s stock valued at $336,000 after purchasing an additional 3,150 shares during the period. Finally, Salzhauer Michael increased its position in United Security Bancshares by 6.7% in the first quarter. Salzhauer Michael now owns 27,071 shares of the financial services provider’s stock worth $209,000 after buying an additional 1,700 shares in the last quarter. 30.88% of the stock is currently owned by institutional investors.

United Security Bancshares Company Profile

United Security Bancshares operates as the bank holding company for United Security Bank, a state-chartered bank that provides a range of commercial banking services to the business and professional community, and individuals in California. The company accepts various deposit products, including personal and business checking accounts, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit.