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

StockNews.com started coverage on shares of United Security Bancshares (NASDAQ:UBFO) in a research note issued to investors on Friday morning. The brokerage issued a hold rating on the financial services provider’s stock.

United Security Bancshares Trading Down 4.2 %

NASDAQ UBFO opened at $7.58 on Friday. United Security Bancshares has a one year low of $6.78 and a one year high of $8.74. The company has a market capitalization of $131.29 million, a price-to-earnings ratio of 7.29 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. The company’s 50-day simple moving average is $7.43 and its two-hundred day simple moving average is $7.47.

United Security Bancshares (NASDAQ:UBFO) last released its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.25 earnings per share for the quarter. United Security Bancshares had a net margin of 26.73% and a return on equity of 14.69%. The business had revenue of $13.04 million for the quarter.

United Security Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 23rd. Stockholders of record on Monday, July 8th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date of this dividend was Monday, July 8th. United Security Bancshares’s dividend payout ratio is currently 46.15%.

Insider Activity

In related news, Director Jagroop Gill bought 4,543 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were bought 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders have bought 165,778 shares of company stock worth $1,301,150. Corporate insiders own 20.10% of the company’s stock.

Institutional Trading of United Security Bancshares

Several large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC raised its stake 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 purchasing an additional 3,150 shares during the last quarter. Miracle Mile Advisors LLC purchased a new position in shares of United Security Bancshares in the first quarter worth about $108,000. Kennedy Capital Management LLC raised its stake in shares of United Security Bancshares by 33.6% in the first 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 during the last quarter. Private Wealth Advisors LLC raised its stake in shares of United Security Bancshares by 1.6% in the second 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 during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of 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 worth $4,310,000 after purchasing an additional 14,472 shares during the last quarter. Hedge funds and other institutional investors own 30.88% of the company’s stock.

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.