Schwab Charles Investment Management Inc. Takes $215,000 Position in United Security Bancshares (UBFO)
Schwab Charles Investment Management Inc. purchased a new stake in shares of United Security Bancshares (NASDAQ:UBFO) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 23,200 shares of the financial services provider’s stock, valued at approximately $215,000. Schwab Charles Investment Management Inc. owned approximately 0.14% of United Security Bancshares at the end of the most recent reporting period.
Separately, Spark Investment Management LLC lifted its position in shares of United Security Bancshares by 13.6% during the second quarter. Spark Investment Management LLC now owns 19,874 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 2,374 shares in the last quarter. Hedge funds and other institutional investors own 29.06% of the company’s stock.
In other news, Director Robert Michele Mochizuki purchased 175,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were bought at an average cost of $8.75 per share, with a total value of $1,531,250.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 23.70% of the stock is owned by company insiders.
United Security Bancshares (UBFO) opened at $9.25 on Monday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09. United Security Bancshares has a 12-month low of $6.20 and a 12-month high of $10.00. The firm has a market cap of $156.20, a PE ratio of 18.53 and a beta of 0.76.
United Security Bancshares (NASDAQ:UBFO) last released its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.16 earnings per share for the quarter. United Security Bancshares had a net margin of 23.77% and a return on equity of 8.65%. The company had revenue of $9.33 million for the quarter.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 19th. Investors of record on Tuesday, October 10th were given a dividend of $0.07 per share. This is a positive change from United Security Bancshares’s previous quarterly dividend of $0.05. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Friday, October 6th. United Security Bancshares’s dividend payout ratio (DPR) is presently 56.10%.
United Security Bancshares Profile
United Security Bancshares is the bank holding company for United Security Bank (the Bank). The Bank is a California state-chartered bank. The Bank operates in the segment of providing banking services to commercial establishments and individuals primarily in the San Joaquin Valley of California. The Bank offers a range of services for commercial customers and account holders, including online banking, mobile banking, safe deposit boxes, automated teller machine (ATM) services, payroll direct deposit, cashier’s checks, traveler’s checks, money orders and foreign drafts.
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