United Security Bancshares (NASDAQ:UBFO) Coverage Initiated by Analysts at StockNews.com

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

United Security Bancshares Trading Down 2.3 %

NASDAQ:UBFO opened at $7.12 on Friday. The business’s 50-day moving average is $7.45 and its two-hundred day moving average is $7.72. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.89 and a quick ratio of 0.89. United Security Bancshares has a 12 month low of $5.50 and a 12 month high of $8.74. The firm has a market capitalization of $123.32 million, a PE ratio of 6.85 and a beta of 0.60.

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

United Security Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 8th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.74%. The ex-dividend date of this dividend was Friday, April 5th. United Security Bancshares’s payout ratio is 46.15%.

Institutional Trading of United Security Bancshares

A number of hedge funds and other institutional investors have recently modified their holdings of UBFO. Miracle Mile Advisors LLC purchased a new stake in shares of United Security Bancshares during the first quarter worth about $108,000. Salzhauer Michael increased its position in shares of 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 acquiring an additional 1,700 shares during the last quarter. Barclays PLC increased its position in shares of United Security Bancshares by 14.9% during the third 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. O Shaughnessy Asset Management LLC increased its position in shares of United Security Bancshares by 13.6% during the third quarter. O Shaughnessy Asset Management LLC now owns 32,848 shares of the financial services provider’s stock worth $244,000 after acquiring an additional 3,933 shares during the last quarter. Finally, Kestra Private Wealth Services LLC acquired a new position in United Security Bancshares in the third quarter worth about $250,000. 30.88% of the stock is owned by hedge funds and other institutional investors.

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.