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

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

United Security Bancshares Price Performance

Shares of NASDAQ:UBFO traded up $0.06 on Friday, hitting $9.83. The company’s stock had a trading volume of 8,137 shares, compared to its average volume of 20,464. The company has a 50-day simple moving average of $8.92 and a 200 day simple moving average of $8.08. United Security Bancshares has a 1 year low of $7.02 and a 1 year high of $9.86. The company has a market capitalization of $170.26 million, a PE ratio of 9.58 and a beta of 0.59. 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 quarterly earnings results on Friday, October 18th. The financial services provider reported $0.22 earnings per share for the quarter. United Security Bancshares had a return on equity of 13.96% and a net margin of 25.78%. The firm had revenue of $13.84 million for the quarter.

United Security Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Monday, October 7th were issued a dividend of $0.12 per share. The ex-dividend date 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 is 47.06%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On United Security Bancshares

Large investors have recently modified their holdings of the company. Miracle Mile Advisors LLC raised its holdings 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 valued at $139,000 after buying an additional 3,000 shares in the last quarter. Barclays PLC raised its holdings 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 valued at $248,000 after buying an additional 3,171 shares in the last quarter. Empowered Funds LLC raised its holdings 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 valued at $429,000 after buying an additional 2,412 shares in the last quarter. Private Wealth Advisors LLC raised its holdings 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 valued at $591,000 after buying an additional 1,299 shares in the last quarter. Finally, Kennedy Capital Management LLC raised its holdings 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 valued at $602,000 after buying 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.