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 report released on Thursday. The brokerage issued a hold rating on the financial services provider’s stock.

United Security Bancshares Stock Performance

NASDAQ UBFO opened at $8.14 on Thursday. The company has a market cap of $140.98 million, a PE ratio of 7.83 and a beta of 0.59. The stock’s 50 day simple moving average is $7.37 and its 200-day simple moving average is $7.46. United Security Bancshares has a 1-year low of $6.78 and a 1-year high of $8.74. 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 released its earnings results on Thursday, July 18th. The financial services provider reported $0.25 earnings per share for the quarter. United Security Bancshares had a return on equity of 14.69% and a net margin of 26.73%. The business had revenue of $13.04 million for the quarter.

United Security Bancshares Announces Dividend

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

Insider Buying and Selling

In other United Security Bancshares news, Director Jagroop Gill bought 4,543 shares of United Security Bancshares stock in a transaction on Thursday, June 6th. The shares were bought at an average price of $7.25 per share, for a total transaction of $32,936.75. Following the completion of the transaction, the director now directly owns 1,071,412 shares of the company’s stock, valued at $7,767,737. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders have purchased 167,778 shares of company stock worth $1,315,250. 20.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On United Security Bancshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UBFO. Planning Center Inc. acquired a new stake in shares of United Security Bancshares in the fourth quarter valued at $303,000. Empowered Funds LLC grew 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 purchasing an additional 3,150 shares in the last quarter. Miracle Mile Advisors LLC acquired a new position in United Security Bancshares during the 1st quarter worth $108,000. Private Wealth Advisors LLC grew 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 purchasing an additional 1,299 shares in the last quarter. Finally, Vanguard Group Inc. grew 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 purchasing an additional 14,472 shares in the last quarter. Hedge funds and other 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.