United Security Bancshares (NASDAQ:UBFO) CEO Dennis R. Woods Purchases 2,000 Shares

United Security Bancshares (NASDAQ:UBFO) CEO Dennis R. Woods bought 2,000 shares of the stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of $7.61 per share, with a total value of $15,220.00. Following the acquisition, the chief executive officer now owns 883,416 shares in the company, valued at approximately $6,722,795.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

United Security Bancshares Stock Performance

UBFO stock traded down $0.06 on Monday, hitting $7.52. The company’s stock had a trading volume of 12,563 shares, compared to its average volume of 20,661. The firm has a 50 day moving average of $7.43 and a two-hundred day moving average of $7.47. United Security Bancshares has a 1 year low of $6.78 and a 1 year high of $8.74. The stock has a market cap of $130.25 million, a price-to-earnings ratio of 7.23 and a beta of 0.59. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.09.

United Security Bancshares (NASDAQ:UBFO) last released its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.25 EPS for the quarter. United Security Bancshares had a net margin of 26.73% and a return on equity of 14.69%. The firm had revenue of $13.04 million during the quarter.

United Security Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Monday, July 8th were given 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 6.38%. United Security Bancshares’s payout ratio is currently 46.15%.

Hedge Funds Weigh In On United Security Bancshares

A number of large investors have recently bought and sold shares of UBFO. Miracle Mile Advisors LLC acquired a new position in shares of United Security Bancshares during the 1st quarter worth $108,000. Salzhauer Michael grew its stake in shares of United Security Bancshares by 6.7% during the 1st quarter. Salzhauer Michael now owns 27,071 shares of the financial services provider’s stock worth $209,000 after purchasing an additional 1,700 shares during the period. Empowered Funds LLC grew its stake in shares of United Security Bancshares by 7.8% during the 1st quarter. Empowered Funds LLC now owns 43,549 shares of the financial services provider’s stock worth $336,000 after purchasing an additional 3,150 shares during the period. Private Wealth Advisors LLC grew its stake in shares of United Security Bancshares by 1.6% during 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, Kennedy Capital Management LLC grew its stake 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 worth $602,000 after purchasing an additional 19,658 shares during the period. Hedge funds and other institutional investors own 30.88% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of United Security Bancshares in a report on Friday. They issued 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.