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

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

United Security Bancshares Price Performance

Shares of UBFO stock opened at $8.05 on Thursday. The stock’s fifty day simple moving average is $7.77 and its 200 day simple moving average is $7.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market cap of $139.39 million, a price-to-earnings ratio of 7.74 and a beta of 0.59. United Security Bancshares has a one year low of $6.78 and a one year high of $8.74.

United Security Bancshares (NASDAQ:UBFO) last announced its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.25 EPS for the quarter. The business had revenue of $13.04 million for the quarter. United Security Bancshares had a return on equity of 14.48% and a net margin of 26.73%.

United Security Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 23rd. Investors of record on Monday, July 8th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 5.96%. The ex-dividend date of this dividend was Monday, July 8th. United Security Bancshares’s dividend payout ratio (DPR) is presently 46.15%.

Insider Activity at United Security Bancshares

In other United Security Bancshares news, Director Jagroop Gill bought 140,384 shares of United Security Bancshares stock in a transaction dated Wednesday, July 24th. The shares were bought at an average price of $7.96 per share, with a total value of $1,117,456.64. Following the purchase, the director now owns 1,220,051 shares of the company’s stock, valued at $9,711,605.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have bought a total of 150,639 shares of company stock worth $1,192,113 over the last 90 days. Insiders own 20.10% of the company’s stock.

Hedge Funds Weigh In On United Security Bancshares

Large investors have recently bought and sold shares of the business. Kennedy Capital Management LLC raised its position in shares of United Security Bancshares by 33.6% during the 1st quarter. Kennedy Capital Management LLC now owns 78,141 shares of the financial services provider’s stock valued at $602,000 after acquiring an additional 19,658 shares during the last quarter. Vanguard Group Inc. increased its holdings in United Security Bancshares by 2.7% in the first quarter. Vanguard Group Inc. now owns 558,965 shares of the financial services provider’s stock valued at $4,310,000 after purchasing an additional 14,472 shares during the last quarter. Miracle Mile Advisors LLC acquired a new position in United Security Bancshares in the first quarter valued at about $108,000. Empowered Funds LLC boosted its holdings in 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 worth $336,000 after buying an additional 3,150 shares during the last quarter. Finally, Salzhauer Michael grew its position in shares of United Security Bancshares by 6.7% during the 1st quarter. Salzhauer Michael now owns 27,071 shares of the financial services provider’s stock worth $209,000 after buying an additional 1,700 shares during the period. 30.88% of the stock is currently owned by institutional investors and hedge funds.

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.