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

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

United Security Bancshares Stock Performance

NASDAQ:UBFO opened at $7.38 on Tuesday. The firm has a market cap of $127.82 million, a price-to-earnings ratio of 7.10 and a beta of 0.59. United Security Bancshares has a 1-year low of $6.53 and a 1-year high of $8.74. The firm’s fifty day moving average price is $7.26 and its 200 day moving average price is $7.48. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.91 and a quick ratio of 0.91.

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

United Security Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Monday, July 8th will be issued a $0.12 dividend. The ex-dividend date is Monday, July 8th. This represents a $0.48 dividend on an annualized basis and a yield of 6.50%. United Security Bancshares’s dividend payout ratio (DPR) is 46.15%.

Insider Transactions at United Security Bancshares

In other United Security Bancshares news, Director Jagroop Gill bought 4,543 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was purchased at an average price of $7.25 per share, with a total value of $32,936.75. Following the transaction, the director now owns 1,071,412 shares in the company, valued at $7,767,737. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have purchased a total of 27,394 shares of company stock worth $197,794 in the last three months. Company insiders own 20.10% of the company’s stock.

Hedge Funds Weigh In On United Security Bancshares

Large investors have recently added to or reduced their stakes in the company. Miracle Mile Advisors LLC bought a new stake in United Security Bancshares in the first quarter valued at $108,000. Salzhauer Michael increased its holdings in shares of United Security Bancshares by 6.7% during the first quarter. Salzhauer Michael now owns 27,071 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 1,700 shares during the period. Planning Center Inc. acquired a new position in shares of United Security Bancshares during the fourth quarter valued at $303,000. Empowered Funds LLC increased its holdings 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 purchasing an additional 3,150 shares during the period. Finally, Kennedy Capital Management LLC increased its holdings 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 purchasing an additional 19,658 shares during the period. 30.88% of the stock is currently owned by 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.