Insider Buying: United Security Bancshares (NASDAQ:UBFO) Director Purchases $14,401.09 in Stock

United Security Bancshares (NASDAQ:UBFO) Director G Thompson Ellithorpe acquired 1,471 shares of United Security Bancshares stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average price of $9.79 per share, with a total value of $14,401.09. Following the transaction, the director now owns 86,364 shares of the company’s stock, valued at $845,503.56. This trade represents a 1.73 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

United Security Bancshares Trading Up 0.6 %

Shares of United Security Bancshares stock opened at $9.83 on Monday. United Security Bancshares has a 12-month low of $7.02 and a 12-month high of $9.86. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09. The stock has a market cap of $170.26 million, a PE ratio of 9.64 and a beta of 0.59. The company has a 50-day moving average of $8.94 and a two-hundred day moving average of $8.10.

United Security Bancshares (NASDAQ:UBFO) last issued its earnings results on Friday, October 18th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter. United Security Bancshares had a net margin of 25.78% and a return on equity of 13.96%. The company had revenue of $13.84 million during the quarter.

United Security Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Monday, October 7th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.88%. United Security Bancshares’s dividend payout ratio (DPR) is 47.06%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of United Security Bancshares in a report on Thursday, September 5th. They issued a “hold” rating for the company.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Miracle Mile Advisors LLC increased its stake in shares of United Security Bancshares by 23.1% during the 3rd quarter. Miracle Mile Advisors LLC now owns 16,000 shares of the financial services provider’s stock worth $139,000 after purchasing an additional 3,000 shares in the last quarter. Barclays PLC increased its stake in shares of United Security Bancshares by 12.5% during the 3rd quarter. Barclays PLC now owns 28,576 shares of the financial services provider’s stock worth $248,000 after purchasing an additional 3,171 shares in the last quarter. Empowered Funds LLC increased its stake in shares of United Security Bancshares by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 49,201 shares of the financial services provider’s stock worth $429,000 after purchasing an additional 2,412 shares in the last quarter. Private Wealth Advisors LLC increased its stake in shares of United Security Bancshares by 1.6% during the 2nd quarter. Private Wealth Advisors LLC now owns 81,811 shares of the financial services provider’s stock worth $591,000 after purchasing an additional 1,299 shares in the last quarter. Finally, Kennedy Capital Management LLC increased its stake 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 worth $602,000 after purchasing an additional 19,658 shares in 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.