United Security Bancshares Declares Quarterly Dividend of $0.12 (NASDAQ:UBFO)

United Security Bancshares (NASDAQ:UBFO) declared a quarterly dividend on Wednesday, September 25th, Zacks reports. Stockholders of record on Monday, October 7th will be paid a dividend of 0.12 per share by the financial services provider on Wednesday, October 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date is Monday, October 7th.

United Security Bancshares has raised its dividend payment by an average of 1.5% per year over the last three years and has raised its dividend annually for the last 1 consecutive years.

United Security Bancshares Stock Performance

NASDAQ:UBFO opened at $8.55 on Friday. The firm has a market capitalization of $148.09 million, a PE ratio of 8.22 and a beta of 0.59. The stock’s fifty day moving average is $8.07 and its 200 day moving average is $7.59. United Security Bancshares has a fifty-two week low of $6.82 and a fifty-two week high of $8.94. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 0.92.

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

Insider Activity at United Security Bancshares

In related news, Director Jagroop Gill purchased 140,384 shares of the business’s stock in a transaction dated Wednesday, July 24th. The shares were purchased at an average cost of $7.96 per share, for a total transaction of $1,117,456.64. Following the completion of the acquisition, the director now owns 1,220,051 shares in the company, valued at approximately $9,711,605.96. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 20.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on United Security Bancshares in a research report on Thursday, September 5th. They set a “hold” rating for the company.

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.