United Security Bancshares (NASDAQ:UBFO) Now Covered by StockNews.com

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

United Security Bancshares Stock Performance

NASDAQ:UBFO opened at $8.13 on Tuesday. 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 stock has a market capitalization of $140.81 million, a P/E ratio of 7.64 and a beta of 0.59. The company has a 50 day moving average price of $7.57 and a 200 day moving average price of $7.44. 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 posted 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Monday, July 8th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, July 8th. This represents a $0.48 dividend on an annualized basis and a yield of 5.90%. United Security Bancshares’s dividend payout ratio (DPR) is presently 46.15%.

Insiders Place Their Bets

In other United Security Bancshares news, Director Jagroop Gill bought 140,384 shares of United Security Bancshares stock in a transaction on Wednesday, July 24th. The shares were bought at an average cost of $7.96 per share, for a total transaction of $1,117,456.64. Following the acquisition, the director now directly owns 1,220,051 shares in the company, valued at $9,711,605.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired a total of 157,778 shares of company stock worth $1,243,870 in the last ninety days. 20.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in United Security Bancshares by 2.7% in the first quarter. Vanguard Group Inc. now owns 558,965 shares of the financial services provider’s stock worth $4,310,000 after acquiring an additional 14,472 shares during the last quarter. Private Wealth Advisors LLC lifted its stake in United Security Bancshares by 1.6% in the second quarter. Private Wealth Advisors LLC now owns 81,811 shares of the financial services provider’s stock worth $591,000 after acquiring an additional 1,299 shares during the last quarter. Kennedy Capital Management LLC lifted its stake in United Security Bancshares by 33.6% in the first quarter. Kennedy Capital Management LLC now owns 78,141 shares of the financial services provider’s stock worth $602,000 after acquiring an additional 19,658 shares during the last quarter. Empowered Funds LLC lifted its stake in United Security Bancshares by 7.8% in the first quarter. Empowered Funds LLC now owns 43,549 shares of the financial services provider’s stock worth $336,000 after acquiring an additional 3,150 shares during the last quarter. Finally, Salzhauer Michael lifted its stake 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 acquiring an additional 1,700 shares during the last quarter. Hedge funds and other institutional investors own 30.88% of the company’s stock.

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.