StockNews.com Begins Coverage on United Security Bancshares (NASDAQ:UBFO)

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

United Security Bancshares Stock Performance

Shares of UBFO stock opened at $7.52 on Friday. The company has a market capitalization of $130.25 million, a price-to-earnings ratio of 7.23 and a beta of 0.59. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.91 and a current ratio of 0.91. United Security Bancshares has a one year low of $6.78 and a one year high of $8.74. The company’s 50-day moving average is $7.44 and its 200 day moving average is $7.47.

United Security Bancshares (NASDAQ:UBFO) last posted 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 for the quarter.

United Security Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 23rd. Stockholders of record on Monday, July 8th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 6.38%. The ex-dividend date of this dividend was Monday, July 8th. United Security Bancshares’s dividend payout ratio is currently 46.15%.

Insider Activity at United Security Bancshares

In other United Security Bancshares news, Director Jagroop Gill bought 140,384 shares of the firm’s stock in a transaction on Wednesday, July 24th. The stock was acquired at an average price of $7.96 per share, with a total value of $1,117,456.64. Following the transaction, the director now owns 1,220,051 shares in the company, valued at $9,711,605.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have acquired 167,778 shares of company stock valued at $1,316,370 over the last ninety days. Insiders own 20.10% of the company’s stock.

Institutional Trading of United Security Bancshares

Large investors have recently made changes to their positions in the stock. Kennedy Capital Management LLC lifted its position in 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. Vanguard Group Inc. lifted its holdings in shares of 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 valued at $4,310,000 after buying an additional 14,472 shares during the period. Miracle Mile Advisors LLC purchased a new position in shares of United Security Bancshares in the 1st quarter worth $108,000. Empowered Funds LLC grew its holdings 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 worth $336,000 after acquiring an additional 3,150 shares during the period. Finally, Salzhauer Michael increased its position in 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 acquiring an additional 1,700 shares during the last quarter. 30.88% of the stock is currently owned by 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.