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

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

United Security Bancshares Stock Up 0.5 %

NASDAQ:UBFO opened at $8.30 on Wednesday. The firm has a market capitalization of $143.71 million, a PE ratio of 7.98 and a beta of 0.59. The stock has a 50 day moving average of $7.68 and a 200-day moving average of $7.48. United Security Bancshares has a 52 week low of $6.78 and a 52 week high of $8.74. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09.

United Security Bancshares (NASDAQ:UBFO) last posted its earnings results on Thursday, July 18th. The financial services provider reported $0.25 EPS for the quarter. The company had revenue of $13.04 million during 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 23rd. Investors of record on Monday, July 8th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date of this dividend was Monday, July 8th. United Security Bancshares’s dividend payout ratio (DPR) is 46.15%.

Insider Buying and Selling

In other United Security Bancshares news, Director Jagroop Gill acquired 8,255 shares of the firm’s stock in a transaction that occurred 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 acquisition, the director now directly owns 1,079,667 shares of the company’s stock, valued at approximately $7,773,602.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders acquired 155,434 shares of company stock valued at $1,226,876 in the last three months. 20.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On United Security Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in United Security Bancshares by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 558,965 shares of the financial services provider’s stock worth $4,310,000 after buying an additional 14,472 shares in the last quarter. Empowered Funds LLC lifted its position in 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 period. Miracle Mile Advisors LLC acquired a new stake in United Security Bancshares in the first quarter worth approximately $108,000. Kennedy Capital Management LLC lifted its position in 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 period. Finally, Private Wealth Advisors LLC lifted its position in 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 period. 30.88% of the stock is owned by 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.