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

United Security Bancshares (NASDAQ:UBFO) announced a quarterly dividend on Wednesday, March 26th, RTT News reports. Investors of record on Monday, April 7th will be given a dividend of 0.12 per share by the financial services provider on Tuesday, April 22nd. This represents a $0.48 annualized dividend and a dividend yield of 5.35%.

United Security Bancshares has raised its dividend payment by an average of 2.9% annually over the last three years.

United Security Bancshares Price Performance

United Security Bancshares stock opened at $8.97 on Thursday. The stock has a 50-day moving average price of $9.59 and a two-hundred day moving average price of $9.37. United Security Bancshares has a 12 month low of $7.02 and a 12 month high of $10.49. The company has a market capitalization of $155.39 million, a PE ratio of 10.43 and a beta of 0.54. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09.

United Security Bancshares (NASDAQ:UBFO) last issued its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter. United Security Bancshares had a net margin of 22.58% and a return on equity of 11.54%.

Hedge Funds Weigh In On United Security Bancshares

A hedge fund recently raised its stake in United Security Bancshares stock. Bank of America Corp DE raised its stake in shares of United Security Bancshares (NASDAQ:UBFO) by 1,292.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,648 shares of the financial services provider’s stock after purchasing an additional 3,386 shares during the period. Bank of America Corp DE’s holdings in United Security Bancshares were worth $37,000 at the end of the most recent quarter. 30.88% of the stock is currently owned by institutional investors and hedge funds.

About United Security Bancshares

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.