United Security Bancshares (NASDAQ:UBFO) SVP Robert C. Oberg, Jr. Sells 4,800 Shares of Stock

United Security Bancshares (NASDAQ:UBFO) SVP Robert C. Oberg, Jr. sold 4,800 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $9.81, for a total value of $47,088.00. Following the completion of the sale, the senior vice president now directly owns 18,228 shares in the company, valued at approximately $178,816.68. This represents a 20.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

United Security Bancshares Price Performance

NASDAQ:UBFO opened at $9.78 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.09. The firm has a market cap of $169.39 million, a PE ratio of 9.59 and a beta of 0.61. United Security Bancshares has a 12 month low of $7.02 and a 12 month high of $9.90. The company’s 50-day moving average price is $8.96 and its two-hundred day moving average price is $8.12.

United Security Bancshares (NASDAQ:UBFO) last announced its earnings results on Friday, October 18th. The financial services provider reported $0.22 EPS for the quarter. United Security Bancshares had a return on equity of 13.96% and a net margin of 25.78%. The business had revenue of $13.84 million for the quarter.

United Security Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Monday, October 7th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.91%. The ex-dividend date of this dividend was Monday, October 7th. United Security Bancshares’s dividend payout ratio (DPR) is presently 47.06%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Miracle Mile Advisors LLC increased its stake in shares of United Security Bancshares by 23.1% in 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 during the period. Barclays PLC boosted its holdings in United Security Bancshares by 12.5% in the third quarter. Barclays PLC now owns 28,576 shares of the financial services provider’s stock valued at $248,000 after acquiring an additional 3,171 shares during the last quarter. Empowered Funds LLC increased its position in United Security Bancshares by 5.2% in the third quarter. Empowered Funds LLC now owns 49,201 shares of the financial services provider’s stock worth $429,000 after purchasing an additional 2,412 shares during the period. Private Wealth Advisors LLC increased 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. Finally, Geode Capital Management LLC raised its holdings in United Security Bancshares by 11.2% during the 3rd quarter. Geode Capital Management LLC now owns 145,776 shares of the financial services provider’s stock worth $1,270,000 after purchasing an additional 14,668 shares during the last quarter. Institutional investors and hedge funds own 30.88% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on United Security Bancshares in a report on Thursday, September 5th. They set a “hold” rating for the company.

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.