StockNews.com Begins Coverage on United Security Bancshares (NASDAQ:UBFO)

StockNews.com began coverage on shares of United Security Bancshares (NASDAQ:UBFO - Free Report) in a report released on Wednesday morning. The brokerage issued a hold rating on the financial services provider's stock.

United Security Bancshares Trading Up 2.4 %

Shares of NASDAQ:UBFO traded up $0.19 during trading on Wednesday, reaching $8.15. 11,250 shares of the company traded hands, compared to its average volume of 19,413. The firm has a market capitalization of $141.16 million, a price-to-earnings ratio of 7.84 and a beta of 0.59. United Security Bancshares has a 52-week low of $6.78 and a 52-week high of $8.74. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09. The business's fifty day moving average is $7.64 and its 200-day moving average is $7.46.

United Security Bancshares (NASDAQ:UBFO - Get Free Report) last announced its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.25 EPS for the quarter. United Security Bancshares had a return on equity of 14.48% and a net margin of 26.73%. The company had revenue of $13.04 million during the quarter.

United Security Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 23rd. Investors of record on Monday, July 8th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date was Monday, July 8th. United Security Bancshares's payout ratio is 46.15%.

Insider Buying and Selling

In other news, Director Jagroop Gill acquired 8,255 shares of the firm's stock in a transaction on Tuesday, June 11th. The stock was acquired at an average price of $7.20 per share, for a total transaction of $59,436.00. Following the completion of the acquisition, the director now owns 1,079,667 shares in the company, valued at $7,773,602.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired 155,434 shares of company stock valued at $1,226,876 over the last quarter. 20.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On United Security Bancshares

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of United Security Bancshares by 2.7% during the first quarter. Vanguard Group Inc. now owns 558,965 shares of the financial services provider's stock valued at $4,310,000 after acquiring an additional 14,472 shares in the last quarter. Private Wealth Advisors LLC increased its holdings in shares of United Security Bancshares by 1.6% during the second quarter. Private Wealth Advisors LLC now owns 81,811 shares of the financial services provider's stock valued at $591,000 after acquiring an additional 1,299 shares in the last quarter. Kennedy Capital Management LLC increased its holdings in shares of United Security Bancshares by 33.6% during the first quarter. Kennedy Capital Management LLC now owns 78,141 shares of the financial services provider's stock valued at $602,000 after acquiring an additional 19,658 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of United Security Bancshares by 7.8% during the first quarter. Empowered Funds LLC now owns 43,549 shares of the financial services provider's stock valued at $336,000 after acquiring an additional 3,150 shares in the last quarter. Finally, Salzhauer Michael increased its holdings 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 valued at $209,000 after acquiring an additional 1,700 shares in the last quarter. Institutional investors own 30.88% of the company's stock.

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.