United Security Bancshares (NASDAQ:UBFO) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of United Security Bancshares (NASDAQ:UBFO) in a report released on Sunday. The brokerage issued a hold rating on the financial services provider’s stock.

United Security Bancshares Trading Down 2.3 %

United Security Bancshares stock opened at $7.12 on Friday. The stock has a 50-day moving average of $7.45 and a two-hundred day moving average of $7.72. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.89 and a current ratio of 0.89. United Security Bancshares has a one year low of $5.50 and a one year high of $8.74. The stock has a market cap of $123.32 million, a PE ratio of 6.85 and a beta of 0.60.

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

United Security Bancshares Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Bridgewealth Advisory Group LLC raised its stake in shares of United Security Bancshares by 3.8% in the third quarter. Bridgewealth Advisory Group LLC now owns 1,193,088 shares of the financial services provider’s stock worth $8,877,000 after purchasing an additional 44,182 shares during the last quarter. Kennedy Capital Management LLC raised its stake in shares of 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 worth $435,000 after purchasing an additional 4,749 shares during the last quarter. Planning Center Inc. purchased a new position in United Security Bancshares during the fourth quarter valued at approximately $303,000. Kestra Private Wealth Services LLC purchased a new position in United Security Bancshares during the third quarter valued at approximately $250,000. Finally, O Shaughnessy Asset Management LLC raised its position in United Security Bancshares by 13.6% during 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. 30.88% of the stock is currently 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.