United Security Bancshares (NASDAQ:UBFO) Earns Hold Rating from Analysts at StockNews.com

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

United Security Bancshares Trading Up 0.8 %

Shares of NASDAQ UBFO opened at $7.93 on Tuesday. The stock has a market capitalization of $137.35 million, a P/E ratio of 7.63 and a beta of 0.59. United Security Bancshares has a 1-year low of $6.78 and a 1-year high of $8.74. The business’s 50 day moving average is $7.56 and its two-hundred day moving average is $7.44. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.92 and a quick ratio of 0.92.

United Security Bancshares (NASDAQ:UBFO) last released its earnings results on Thursday, July 18th. The financial services provider reported $0.25 earnings per share for the quarter. The firm 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 announced a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Monday, July 8th were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, July 8th. This represents a $0.48 dividend on an annualized basis and a yield of 6.05%. United Security Bancshares’s dividend payout ratio is currently 46.15%.

Insider Transactions at United Security Bancshares

In other news, Director Jagroop Gill bought 8,255 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was acquired at an average cost of $7.20 per share, with a total value of $59,436.00. Following the transaction, the director now directly owns 1,079,667 shares in the company, valued at approximately $7,773,602.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have purchased 157,778 shares of company stock valued at $1,243,870. 20.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On United Security Bancshares

Several large investors have recently modified their holdings of UBFO. Miracle Mile Advisors LLC purchased a new position in United Security Bancshares during the first quarter valued at approximately $108,000. Salzhauer Michael increased its holdings in shares of United Security Bancshares by 6.7% in the 1st 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 period. Empowered Funds LLC lifted its stake in shares of United Security Bancshares by 7.8% during the 1st 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. Private Wealth Advisors LLC lifted 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 during the last quarter. Finally, Kennedy Capital Management LLC boosted 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 in the last quarter. Institutional investors own 30.88% of the company’s stock.

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.