Dennis R. Woods Acquires 5,000 Shares of United Security Bancshares (NASDAQ:UBFO) Stock

United Security Bancshares (NASDAQ:UBFO – Get Rating) CEO Dennis R. Woods purchased 5,000 shares of the stock in a transaction dated Thursday, March 9th. The shares were purchased at an average price of $7.26 per share, with a total value of $36,300.00. Following the completion of the transaction, the chief executive officer now owns 864,057 shares of the company’s stock, valued at $6,273,053.82. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

United Security Bancshares Trading Down 5.7 %

UBFO opened at $6.47 on Tuesday. The firm has a market cap of $110.31 million, a P/E ratio of 7.11 and a beta of 0.64. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.10. United Security Bancshares has a 52 week low of $6.39 and a 52 week high of $8.67. The business has a fifty day simple moving average of $7.76 and a 200-day simple moving average of $7.22.

United Security Bancshares (NASDAQ:UBFO – Get Rating) last announced its quarterly earnings data on Thursday, January 26th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter. The business had revenue of $14.53 million for the quarter. United Security Bancshares had a return on equity of 14.23% and a net margin of 30.70%.

United Security Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 19th. Stockholders of record on Wednesday, January 4th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 6.80%. The ex-dividend date was Tuesday, January 3rd. United Security Bancshares’s payout ratio is currently 48.35%.

Institutional Trading of United Security Bancshares

Hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. raised its stake in shares of United Security Bancshares by 69.9% in the fourth quarter. Alliancebernstein L.P. now owns 122,690 shares of the financial services provider’s stock valued at $897,000 after acquiring an additional 50,463 shares in the last quarter. American Century Companies Inc. raised its stake in United Security Bancshares by 29.7% in the first quarter. American Century Companies Inc. now owns 66,340 shares of the financial services provider’s stock valued at $551,000 after buying an additional 15,205 shares in the last quarter. State Street Corp raised its stake in United Security Bancshares by 5.6% in the second quarter. State Street Corp now owns 49,027 shares of the financial services provider’s stock valued at $374,000 after buying an additional 2,583 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in United Security Bancshares by 19.6% in the first quarter. Goldman Sachs Group Inc. now owns 22,364 shares of the financial services provider’s stock valued at $186,000 after buying an additional 3,668 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in United Security Bancshares in the third quarter valued at $181,000. 29.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on United Security Bancshares in a research report on Sunday, March 5th. They set a “buy” rating for the company.

United Security Bancshares Company Profile

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United Security Bancshares (California) is a holding company, which engages in the provision of commercial banking services. Its portfolio consists of commercial and industrial, government program, commercial real estate, residential mortgages, home improvement and home equity, real estate construction and development, agricultural, and installment and student loans.