United Security Bancshares (NASDAQ:UBFO) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of United Security Bancshares (NASDAQ:UBFO) in a report released on Wednesday. The brokerage issued a hold rating on the financial services provider’s stock.

United Security Bancshares Stock Performance

Shares of United Security Bancshares stock opened at $7.30 on Wednesday. United Security Bancshares has a one year low of $6.05 and a one year high of $8.74. The company has a market capitalization of $126.44 million, a PE ratio of 7.02 and a beta of 0.62. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.91 and a current ratio of 0.91. The company has a 50-day simple moving average of $7.37 and a two-hundred day simple moving average of $7.70.

United Security Bancshares (NASDAQ:UBFO) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.24 EPS for the quarter. The firm had revenue of $12.77 million during the quarter. United Security Bancshares had a net margin of 27.07% and a return on equity of 14.94%.

United Security Bancshares Dividend Announcement

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

Insider Activity at United Security Bancshares

In other United Security Bancshares news, Director Jagroop Gill purchased 8,080 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were acquired at an average price of $7.25 per share, for a total transaction of $58,580.00. Following the completion of the purchase, the director now owns 1,059,492 shares of the company’s stock, valued at $7,681,317. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have acquired 15,142 shares of company stock valued at $110,165 in the last ninety days. Corporate insiders own 20.10% of the company’s stock.

Institutional Investors Weigh In On United Security Bancshares

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC raised its stake in United Security Bancshares by 14.9% in the 3rd quarter. Barclays PLC now owns 29,191 shares of the financial services provider’s stock worth $217,000 after acquiring an additional 3,786 shares during the last quarter. Kestra Private Wealth Services LLC acquired a new stake in shares of United Security Bancshares during the third quarter worth about $250,000. Bridgewealth Advisory Group LLC boosted its position in United Security Bancshares by 3.8% in the third quarter. Bridgewealth Advisory Group LLC now owns 1,193,088 shares of the financial services provider’s stock valued at $8,877,000 after buying an additional 44,182 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in United Security Bancshares by 13.6% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 32,848 shares of the financial services provider’s stock worth $244,000 after buying an additional 3,933 shares during the period. Finally, Kennedy Capital Management LLC raised its position in United Security Bancshares by 8.8% during the 3rd quarter. Kennedy Capital Management LLC now owns 58,454 shares of the financial services provider’s stock worth $435,000 after buying an additional 4,749 shares during the last quarter. 30.88% of the stock is currently owned by institutional investors and hedge funds.

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.