United Security Bancshares (NASDAQ:UBFO) CEO Purchases $14,100.00 in Stock

United Security Bancshares (NASDAQ:UBFO) CEO Dennis R. Woods purchased 2,000 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were acquired at an average cost of $7.05 per share, for a total transaction of $14,100.00. Following the completion of the transaction, the chief executive officer now directly owns 880,876 shares in the company, valued at $6,210,175.80. The purchase was disclosed in a filing with the SEC, which is available through this link.

United Security Bancshares Trading Up 1.5 %

NASDAQ UBFO opened at $7.29 on Friday. The company has a market cap of $126.26 million, a PE ratio of 7.01 and a beta of 0.62. United Security Bancshares has a 12 month low of $5.50 and a 12 month high of $8.74. The stock has a 50 day moving average of $7.43 and a 200-day moving average of $7.71. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.09.

United Security Bancshares (NASDAQ:UBFO) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.24 EPS for the quarter. United Security Bancshares had a net margin of 27.07% and a return on equity of 15.14%. The firm had revenue of $12.77 million during the quarter.

United Security Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 8th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 6.58%. The ex-dividend date of this dividend was Friday, April 5th. United Security Bancshares’s payout ratio is currently 46.15%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on United Security Bancshares in a report on Sunday, April 28th. They set a “hold” rating on the stock.

Institutional Trading of United Security Bancshares

A number of hedge funds have recently made changes to their positions in the business. Miracle Mile Advisors LLC acquired a new position in shares of United Security Bancshares during the 1st quarter worth approximately $108,000. Salzhauer Michael boosted its position in United Security Bancshares by 6.7% during the first quarter. Salzhauer Michael now owns 27,071 shares of the financial services provider’s stock worth $209,000 after purchasing an additional 1,700 shares during the period. Barclays PLC increased its holdings in shares of United Security Bancshares by 14.9% in the third quarter. Barclays PLC now owns 29,191 shares of the financial services provider’s stock valued at $217,000 after purchasing an additional 3,786 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of United Security Bancshares by 13.6% in the third 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 period. Finally, Kestra Private Wealth Services LLC bought a new position in shares of United Security Bancshares in the third quarter valued at about $250,000. 30.88% of the stock is owned by institutional investors and hedge funds.

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.