United Security Bancshares (NASDAQ:UBFO) Releases Quarterly Earnings Results

United Security Bancshares (NASDAQ:UBFO) announced its earnings results on Thursday. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, Zacks reports. United Security Bancshares had a net margin of 22.58% and a return on equity of 11.54%.

United Security Bancshares Stock Performance

Shares of UBFO traded up $0.14 during mid-day trading on Thursday, hitting $7.93. 50,561 shares of the company’s stock were exchanged, compared to its average volume of 24,857. The firm has a market capitalization of $138.58 million, a P/E ratio of 9.22 and a beta of 0.37. United Security Bancshares has a fifty-two week low of $7.02 and a fifty-two week high of $10.49. The business’s 50 day moving average is $9.05 and its two-hundred day moving average is $9.32. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09.

United Security Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Monday, April 7th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $0.48 dividend on an annualized basis and a yield of 6.05%. United Security Bancshares’s dividend payout ratio is presently 55.81%.

Institutional Trading of United Security Bancshares

An institutional investor recently raised its position in United Security Bancshares stock. Bank of America Corp DE boosted its position in United Security Bancshares (NASDAQ:UBFO) by 1,292.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,648 shares of the financial services provider’s stock after buying an additional 3,386 shares during the period. Bank of America Corp DE’s holdings in United Security Bancshares were worth $37,000 as of its most recent SEC filing. 30.88% of the stock is owned by hedge funds and other institutional investors.

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.