United Security Bancshares (NASDAQ:UBFO) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of United Security Bancshares (NASDAQ:UBFO) in a research note released 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 $7.27 on Monday. The stock’s 50-day simple moving average is $7.41 and its 200-day simple moving average is $7.72. The firm has a market capitalization of $125.92 million, a PE ratio of 6.99 and a beta of 0.62. United Security Bancshares has a fifty-two week low of $5.62 and a fifty-two week high of $8.74. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.89 and a current ratio of 0.89.

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

United Security Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 8th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, April 5th. This represents a $0.48 annualized dividend and a yield of 6.60%. United Security Bancshares’s dividend payout ratio is presently 46.15%.

Institutional Trading of United Security Bancshares

Several institutional investors and hedge funds have recently made changes to their positions in UBFO. Bridgewealth Advisory Group LLC increased its position in United Security Bancshares by 3.8% during the third quarter. Bridgewealth Advisory Group LLC now owns 1,193,088 shares of the financial services provider’s stock worth $8,877,000 after buying an additional 44,182 shares during the period. Kennedy Capital Management LLC raised its position in United Security Bancshares by 8.8% in the 3rd quarter. Kennedy Capital Management LLC now owns 58,454 shares of the financial services provider’s stock valued at $435,000 after purchasing an additional 4,749 shares during the last quarter. Empowered Funds LLC raised its position in 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. Planning Center Inc. acquired a new stake in United Security Bancshares during the 4th quarter worth $303,000. Finally, Kestra Private Wealth Services LLC purchased a new position in United Security Bancshares during the 3rd quarter worth $250,000. 30.88% of the stock is owned by hedge funds and other institutional investors.

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.