United Security Bancshares (NASDAQ:UBFO) Research Coverage Started at StockNews.com

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

United Security Bancshares Stock Performance

NASDAQ UBFO opened at $7.23 on Monday. The company has a fifty day simple moving average of $7.26 and a 200 day simple moving average of $7.54. United Security Bancshares has a 12-month low of $6.44 and a 12-month high of $8.74. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.09. The company has a market cap of $125.22 million, a P/E ratio of 6.95 and a beta of 0.59.

United Security Bancshares (NASDAQ:UBFO) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter. United Security Bancshares had a net margin of 27.07% and a return on equity of 14.94%. The business had revenue of $12.77 million during the quarter.

United Security Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 23rd. Investors of record on Monday, July 8th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 6.64%. The ex-dividend date is Monday, July 8th. United Security Bancshares’s payout ratio is currently 46.15%.

Insider Activity at United Security Bancshares

In other news, Director Jagroop Gill acquired 4,543 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were purchased at an average cost of $7.25 per share, with a total value of $32,936.75. Following the acquisition, the director now directly owns 1,071,412 shares of the company’s stock, valued at $7,767,737. The transaction was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders acquired 27,394 shares of company stock valued at $197,794. 20.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On United Security Bancshares

Hedge funds have recently bought and sold shares of the company. Planning Center Inc. purchased a new position in United Security Bancshares during the 4th quarter worth $303,000. Kennedy Capital Management LLC boosted its holdings in United Security Bancshares by 8.8% during the 3rd quarter. Kennedy Capital Management LLC now owns 58,454 shares of the financial services provider’s stock worth $435,000 after acquiring an additional 4,749 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in United Security Bancshares by 13.6% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 32,848 shares of the financial services provider’s stock worth $244,000 after acquiring an additional 3,933 shares during the last quarter. Miracle Mile Advisors LLC purchased a new position in United Security Bancshares during the 1st quarter worth $108,000. Finally, Vanguard Group Inc. boosted its holdings in United Security Bancshares by 2.7% during the 1st 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. 30.88% of the stock is owned by hedge funds and other institutional investors.

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.