United Security Bancshares (NASDAQ:UBFO) Coverage Initiated by Analysts at StockNews.com

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

United Security Bancshares Stock Performance

Shares of United Security Bancshares stock opened at $8.14 on Thursday. United Security Bancshares has a 1 year low of $6.78 and a 1 year high of $8.74. The firm’s 50-day moving average is $7.37 and its 200 day moving average is $7.46. The stock has a market cap of $140.98 million, a price-to-earnings ratio of 7.83 and a beta of 0.59. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.91 and a quick ratio of 0.91.

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

United Security Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 23rd. Stockholders of record on Monday, July 8th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date of this dividend was Monday, July 8th. United Security Bancshares’s payout ratio is presently 46.15%.

Insider Transactions at United Security Bancshares

In other United Security Bancshares news, Director Jagroop Gill acquired 4,543 shares of the stock in a transaction dated Thursday, June 6th. The shares were purchased at an average price of $7.25 per share, for a total transaction of $32,936.75. Following the purchase, the director now directly owns 1,071,412 shares of the company’s stock, valued at $7,767,737. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders have acquired 167,778 shares of company stock worth $1,315,250 in the last quarter. Company insiders own 20.10% of the company’s stock.

Institutional Investors Weigh In On United Security Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Planning Center Inc. bought a new stake in United Security Bancshares during the 4th quarter worth approximately $303,000. Empowered Funds LLC raised its stake in 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 acquiring an additional 3,150 shares during the period. Miracle Mile Advisors LLC bought a new stake in United Security Bancshares during the 1st quarter worth approximately $108,000. Private Wealth Advisors LLC raised its stake in 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 acquiring an additional 1,299 shares during the period. Finally, Vanguard Group Inc. raised its stake in United Security Bancshares by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 558,965 shares of the financial services provider’s stock worth $4,310,000 after acquiring an additional 14,472 shares during the period. 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.