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

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

United Security Bancshares Price Performance

Shares of NASDAQ:UBFO opened at $7.24 on Monday. United Security Bancshares has a 12 month low of $6.44 and a 12 month high of $8.74. The stock has a market cap of $125.36 million, a price-to-earnings ratio of 6.96 and a beta of 0.59. The stock’s 50 day moving average price is $7.26 and its 200 day moving average price is $7.54. 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 earnings results on Thursday, April 18th. The financial services provider reported $0.24 EPS for the quarter. United Security Bancshares had a return on equity of 14.94% and a net margin of 27.07%. The firm had revenue of $12.77 million for the quarter.

United Security Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Monday, July 8th will be given a $0.12 dividend. The ex-dividend date is Monday, July 8th. This represents a $0.48 annualized dividend and a yield of 6.63%. United Security Bancshares’s dividend payout ratio (DPR) is 46.15%.

Insiders Place Their Bets

In other United Security Bancshares news, Director Jagroop Gill purchased 8,255 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were purchased at an average price of $7.20 per share, for a total transaction of $59,436.00. Following the completion of the transaction, the director now owns 1,079,667 shares in the company, valued at approximately $7,773,602.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders have acquired 27,394 shares of company stock worth $197,794. 20.10% of the stock is owned by insiders.

Hedge Funds Weigh In On United Security Bancshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in UBFO. Miracle Mile Advisors LLC purchased a new position in shares of United Security Bancshares during the 1st quarter valued at $108,000. Salzhauer Michael lifted its stake 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 purchasing an additional 1,700 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of United Security Bancshares by 13.6% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 32,848 shares of the financial services provider’s stock valued at $244,000 after purchasing an additional 3,933 shares during the last quarter. Planning Center Inc. acquired a new stake in shares of United Security Bancshares in the 4th quarter valued at $303,000. Finally, Empowered Funds LLC lifted its stake in shares of United Security Bancshares by 7.8% in the 1st quarter. Empowered Funds LLC now owns 43,549 shares of the financial services provider’s stock valued at $336,000 after purchasing an additional 3,150 shares during the last quarter. 30.88% of the stock is currently owned by hedge funds and other institutional investors.

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.