Insider Buying: United Security Bancshares (NASDAQ:UBFO) CEO Purchases 2,000 Shares of Stock

United Security Bancshares (NASDAQ:UBFO) CEO Dennis R. Woods bought 2,000 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was purchased at an average price of $7.05 per share, with a total value of $14,100.00. Following the purchase, the chief executive officer now directly owns 880,876 shares of the company’s stock, valued at approximately $6,210,175.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

United Security Bancshares Stock Performance

Shares of NASDAQ:UBFO opened at $7.12 on Thursday. The business has a 50-day moving average price of $7.44 and a two-hundred day moving average price of $7.72. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.09. United Security Bancshares has a 1-year low of $5.50 and a 1-year high of $8.74. The stock has a market capitalization of $123.32 million, a P/E ratio of 6.85 and a beta of 0.62.

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

United Security Bancshares Announces Dividend

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

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of United Security Bancshares in a research report on Sunday. They set a “hold” rating on the stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Planning Center Inc. bought a new stake in United Security Bancshares in the fourth quarter valued at approximately $303,000. Barclays PLC grew its holdings in shares of United Security Bancshares by 14.9% in the 3rd quarter. Barclays PLC now owns 29,191 shares of the financial services provider’s stock valued at $217,000 after buying an additional 3,786 shares during the period. Kennedy Capital Management LLC grew its holdings in shares of United Security Bancshares by 8.8% in the 3rd quarter. Kennedy Capital Management LLC now owns 58,454 shares of the financial services provider’s stock valued at $435,000 after buying an additional 4,749 shares during the period. O Shaughnessy Asset Management LLC increased its position in shares of 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 valued at $244,000 after buying an additional 3,933 shares in the last quarter. Finally, Bridgewealth Advisory Group LLC raised its stake in United Security Bancshares by 3.8% during the 3rd quarter. Bridgewealth Advisory Group LLC now owns 1,193,088 shares of the financial services provider’s stock worth $8,877,000 after buying an additional 44,182 shares during the period. Institutional investors and hedge funds 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.