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

StockNews.com assumed coverage on shares of United Security Bancshares (NASDAQ:UBFOFree Report) in a research note published on Thursday. The brokerage issued a hold rating on the financial services provider’s stock.

United Security Bancshares Stock Down 1.0 %

NASDAQ:UBFO opened at $8.05 on Thursday. The stock has a market cap of $139.39 million, a price-to-earnings ratio of 7.74 and a beta of 0.59. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average price of $7.77 and a two-hundred day moving average price of $7.50. United Security Bancshares has a 1 year low of $6.78 and a 1 year high of $8.74.

United Security Bancshares (NASDAQ:UBFOGet Free Report) last posted its earnings results on Thursday, July 18th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter. United Security Bancshares had a return on equity of 14.48% and a net margin of 26.73%. The business 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. Investors 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 dividend yield of 5.96%. United Security Bancshares’s payout ratio is presently 46.15%.

Insider Buying and Selling

In other news, Director Jagroop Gill purchased 140,384 shares of United Security Bancshares stock in a transaction on Wednesday, July 24th. The stock was purchased at an average price of $7.96 per share, with a total value of $1,117,456.64. Following the transaction, the director now directly owns 1,220,051 shares in the company, valued at approximately $9,711,605.96. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders bought 150,639 shares of company stock worth $1,192,113. 20.10% of the stock is owned by corporate insiders.

Institutional Trading of United Security Bancshares

A number of hedge funds and other institutional investors have recently made changes to their positions in UBFO. Miracle Mile Advisors LLC acquired a new stake in shares of United Security Bancshares in the first quarter valued at approximately $108,000. Salzhauer Michael grew its stake in shares of United Security Bancshares by 6.7% in the first quarter. Salzhauer Michael now owns 27,071 shares of the financial services provider’s stock valued at $209,000 after buying an additional 1,700 shares in the last quarter. Empowered Funds LLC grew its stake in shares of 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 valued at $336,000 after buying an additional 3,150 shares in the last quarter. Private Wealth Advisors LLC grew its stake in shares of 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 valued at $591,000 after buying an additional 1,299 shares in the last quarter. Finally, Kennedy Capital Management LLC grew its stake in shares of 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 valued at $602,000 after buying an additional 19,658 shares in the last quarter. 30.88% of the stock is currently owned by institutional investors and hedge funds.

About United Security Bancshares

(Get Free Report)

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.

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