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

StockNews.com started coverage on shares of United Security Bancshares (NASDAQ:UBFO) in a report published on Monday. The firm issued a hold rating on the financial services provider’s stock.

United Security Bancshares Stock Performance

NASDAQ UBFO opened at $7.35 on Monday. The company has a fifty day moving average of $7.41 and a two-hundred day moving average of $7.72. The company has a market capitalization of $127.27 million, a PE ratio of 7.07 and a beta of 0.62. United Security Bancshares has a 1 year low of $5.62 and a 1 year high of $8.74. 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 (NASDAQ:UBFO) last announced its earnings results on Thursday, April 18th. The financial services provider reported $0.24 earnings per share for the quarter. The business had revenue of $12.77 million during the quarter. United Security Bancshares had a net margin of 27.07% and a return on equity of 15.14%.

United Security Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 8th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, April 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.53%. United Security Bancshares’s dividend payout ratio (DPR) is presently 46.15%.

Hedge Funds Weigh In On United Security Bancshares

Large investors have recently made changes to their positions in the stock. Planning Center Inc. acquired a new stake in United Security Bancshares in the 4th quarter valued at about $303,000. Barclays PLC increased its holdings in 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 purchasing an additional 3,786 shares in the last quarter. Kennedy Capital Management LLC raised its position in United Security Bancshares by 8.8% in the third quarter. Kennedy Capital Management LLC now owns 58,454 shares of the financial services provider’s stock valued at $435,000 after purchasing an additional 4,749 shares during the period. O Shaughnessy Asset Management LLC grew its position in United Security Bancshares by 13.6% in the third quarter. O Shaughnessy Asset Management LLC now owns 32,848 shares of the financial services provider’s stock valued at $244,000 after acquiring an additional 3,933 shares in the last quarter. Finally, Bridgewealth Advisory Group LLC grew its holdings 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 valued at $8,877,000 after purchasing an additional 44,182 shares in the last quarter. Hedge funds and other institutional investors own 30.88% of the company’s stock.

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.