United Security Bancshares (NASDAQ:UBFO) Issues Earnings Results

United Security Bancshares (NASDAQ:UBFO) posted its quarterly earnings results on Thursday. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, Zacks reports. United Security Bancshares had a return on equity of 8.50% and a net margin of 17.51%.

United Security Bancshares Stock Up 0.5%

Shares of UBFO traded up $0.05 during midday trading on Thursday, reaching $10.71. 49,009 shares of the stock were exchanged, compared to its average volume of 34,343. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $188.28 million, a P/E ratio of 15.99 and a beta of 0.35. The company’s 50 day moving average is $10.06 and its two-hundred day moving average is $9.44. United Security Bancshares has a 52 week low of $7.32 and a 52 week high of $10.80.

United Security Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 13th. Shareholders of record on Friday, December 26th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Friday, December 26th. United Security Bancshares’s payout ratio is 71.64%.

Analyst Upgrades and Downgrades

UBFO has been the subject of several research analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of United Security Bancshares in a report on Wednesday, October 8th. Wall Street Zen raised shares of United Security Bancshares to a “hold” rating in a research report on Saturday, December 20th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Institutional Investors Weigh In On United Security Bancshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake in United Security Bancshares by 119.5% during the second quarter. Geode Capital Management LLC now owns 327,068 shares of the financial services provider’s stock worth $2,829,000 after acquiring an additional 178,086 shares during the last quarter. Jane Street Group LLC boosted its position in shares of United Security Bancshares by 167.3% during the 1st quarter. Jane Street Group LLC now owns 46,490 shares of the financial services provider’s stock worth $417,000 after purchasing an additional 29,096 shares during the period. Goldman Sachs Group Inc. raised its position in United Security Bancshares by 64.3% in the first quarter. Goldman Sachs Group Inc. now owns 59,523 shares of the financial services provider’s stock valued at $533,000 after purchasing an additional 23,284 shares during the period. Bank of America Corp DE lifted its stake in United Security Bancshares by 91.8% during the third quarter. Bank of America Corp DE now owns 28,710 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 13,741 shares in the last quarter. Finally, New York State Common Retirement Fund purchased a new position in shares of United Security Bancshares during the second quarter worth $104,000. 30.88% of the stock is currently owned by hedge funds and other institutional investors.

United Security Bancshares Company Profile

United Security Bancshares, Inc is a bank holding company based in Vancouver, Washington, whose primary subsidiary, United Security Bank, delivers community banking services in the Pacific Northwest. The company engages in core banking activities, including accepting deposits, extending commercial and residential real estate loans, and offering consumer lending solutions tailored to local businesses and individuals.

Its product offerings include a variety of deposit accounts such as business checking, savings, money market accounts and certificates of deposit.