United Security Bancshares (NASDAQ:UBFO) Coverage Initiated by Analysts at StockNews.com

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

United Security Bancshares Trading Up 1.1 %

NASDAQ UBFO opened at $7.23 on Monday. United Security Bancshares has a 12 month low of $6.44 and a 12 month high of $8.74. The stock has a market cap of $125.22 million, a P/E ratio of 6.95 and a beta of 0.59. The stock’s fifty day moving average price is $7.26 and its 200-day moving average price is $7.54. 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 earnings results on Thursday, April 18th. The financial services provider reported $0.24 EPS for the quarter. United Security Bancshares had a return on equity of 14.94% and a net margin of 27.07%. The firm had revenue of $12.77 million for the quarter.

United Security Bancshares Dividend Announcement

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

Insider Transactions at United Security Bancshares

In other United Security Bancshares news, Director Jagroop Gill acquired 8,255 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were bought at an average cost of $7.20 per share, with a total value of $59,436.00. Following the completion of the transaction, the director now directly owns 1,079,667 shares of the company’s stock, valued at approximately $7,773,602.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have purchased 27,394 shares of company stock valued at $197,794. Insiders own 20.10% of the company’s stock.

Institutional Investors Weigh In On United Security Bancshares

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of United Security Bancshares by 2.7% during the first quarter. Vanguard Group Inc. now owns 558,965 shares of the financial services provider’s stock valued at $4,310,000 after buying an additional 14,472 shares during the last quarter. Kennedy Capital Management LLC boosted its position in shares of United Security Bancshares by 33.6% during 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 during the last quarter. Empowered Funds LLC boosted its position in shares of United Security Bancshares by 7.8% during 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 during the last quarter. Planning Center Inc. purchased a new stake in shares of United Security Bancshares during the fourth quarter valued at $303,000. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of United Security Bancshares by 13.6% during the third quarter. O Shaughnessy Asset Management LLC now owns 32,848 shares of the financial services provider’s stock valued at $244,000 after buying an additional 3,933 shares during the last quarter. 30.88% of the stock is owned by hedge funds and other institutional investors.

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.