Insider Selling: United Security Bancshares (NASDAQ:UBFO) SVP Sells 4,800 Shares of Stock

United Security Bancshares (NASDAQ:UBFO) SVP Robert C. Oberg, Jr. sold 4,800 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $9.81, for a total value of $47,088.00. Following the completion of the transaction, the senior vice president now directly owns 18,228 shares in the company, valued at approximately $178,816.68. This trade represents a 20.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

United Security Bancshares Stock Performance

Shares of NASDAQ:UBFO opened at $9.78 on Wednesday. The company has a market capitalization of $169.39 million, a price-to-earnings ratio of 9.59 and a beta of 0.61. The firm’s 50 day simple moving average is $8.96 and its 200 day simple moving average is $8.12. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.92 and a quick ratio of 0.92. United Security Bancshares has a fifty-two week low of $7.02 and a fifty-two week high of $9.90.

United Security Bancshares (NASDAQ:UBFO) last posted its earnings results on Friday, October 18th. The financial services provider reported $0.22 earnings per share for the quarter. United Security Bancshares had a net margin of 25.78% and a return on equity of 13.96%. The company had revenue of $13.84 million for the quarter.

United Security Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Monday, October 7th were issued a dividend of $0.12 per share. The ex-dividend date was Monday, October 7th. This represents a $0.48 annualized dividend and a yield of 4.91%. United Security Bancshares’s dividend payout ratio is presently 47.06%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UBFO. Miracle Mile Advisors LLC boosted its holdings in shares of United Security Bancshares by 23.1% in the third quarter. Miracle Mile Advisors LLC now owns 16,000 shares of the financial services provider’s stock valued at $139,000 after buying an additional 3,000 shares during the period. Barclays PLC raised its holdings in shares of United Security Bancshares by 12.5% during the third quarter. Barclays PLC now owns 28,576 shares of the financial services provider’s stock worth $248,000 after acquiring an additional 3,171 shares during the period. Empowered Funds LLC lifted its position in United Security Bancshares by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 49,201 shares of the financial services provider’s stock valued at $429,000 after acquiring an additional 2,412 shares in the last quarter. Private Wealth Advisors LLC boosted its stake in United Security Bancshares by 1.6% in the 2nd quarter. Private Wealth Advisors LLC now owns 81,811 shares of the financial services provider’s stock worth $591,000 after purchasing an additional 1,299 shares during the period. Finally, Geode Capital Management LLC increased its holdings in United Security Bancshares by 11.2% during the 3rd quarter. Geode Capital Management LLC now owns 145,776 shares of the financial services provider’s stock worth $1,270,000 after purchasing an additional 14,668 shares in the last quarter. 30.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on United Security Bancshares in a research note on Thursday, September 5th. They issued a “hold” rating on the 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.