United Security Bancshares (NASDAQ:UBFO) Announces Earnings Results

United Security Bancshares (NASDAQ:UBFO) issued its quarterly earnings data on Thursday. The financial services provider reported $0.19 earnings per share for the quarter, Zacks reports. United Security Bancshares had a net margin of 17.51% and a return on equity of 8.50%.

United Security Bancshares Price Performance

Shares of UBFO stock traded up $0.05 on Thursday, reaching $10.71. The company had a trading volume of 49,009 shares, compared to its average volume of 34,343. The business’s 50-day moving average is $10.06 and its 200 day moving average is $9.44. United Security Bancshares has a one year low of $7.32 and a one year high of $10.80. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $188.28 million, a PE ratio of 15.99 and a beta of 0.35.

United Security Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 13th. Stockholders of record on Friday, December 26th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.5%. United Security Bancshares’s dividend payout ratio is 71.64%.

Analyst Ratings Changes

UBFO has been the topic of a number of recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of United Security Bancshares in a research note on Wednesday, October 8th. Wall Street Zen upgraded United Security Bancshares to a “hold” rating in a research report on Saturday, December 20th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy”.

Hedge Funds Weigh In On United Security Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new stake in shares of United Security Bancshares during the second quarter worth $29,000. Bank of America Corp DE boosted its holdings in shares of United Security Bancshares by 1,292.4% during the 4th quarter. Bank of America Corp DE now owns 3,648 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 3,386 shares in the last quarter. JPMorgan Chase & Co. grew its position in United Security Bancshares by 7,061.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,660 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 6,567 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in United Security Bancshares during the 2nd quarter worth $65,000. Finally, New York State Common Retirement Fund acquired a new position in United Security Bancshares in the 2nd quarter worth about $104,000. Institutional investors own 30.88% of the company’s stock.

United Security Bancshares Company Profile

United Security Bancshares, Inc is a bank holding company based in Vancouver, Washington, whose primary subsidiary, United Security Bank, delivers community banking services in the Pacific Northwest. The company engages in core banking activities, including accepting deposits, extending commercial and residential real estate loans, and offering consumer lending solutions tailored to local businesses and individuals.

Its product offerings include a variety of deposit accounts such as business checking, savings, money market accounts and certificates of deposit.