United Security Bancshares (NASDAQ:UBFO) Releases Earnings Results

United Security Bancshares (NASDAQ:UBFO) announced 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 18.65% and a return on equity of 9.11%. The business had revenue of $13.54 million for the quarter.

United Security Bancshares Stock Down 0.6%

NASDAQ:UBFO opened at $10.65 on Friday. United Security Bancshares has a 1 year low of $7.32 and a 1 year high of $11.05. The stock has a 50-day moving average price of $10.09 and a two-hundred day moving average price of $9.47. The stock has a market cap of $187.18 million, a price-to-earnings ratio of 15.00 and a beta of 0.35. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.07.

United Security Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 13th. Shareholders of record on Friday, December 26th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, December 26th. This represents a $0.48 annualized dividend and a yield of 4.5%. United Security Bancshares’s payout ratio is currently 67.61%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on UBFO shares. Wall Street Zen raised United Security Bancshares to a “hold” rating in a research note on Saturday, December 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of United Security Bancshares in a report on Wednesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Hedge Funds Weigh In On United Security Bancshares

Several institutional investors and hedge funds have recently modified their holdings of UBFO. Bank of America Corp DE raised its holdings in 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 worth $37,000 after buying an additional 3,386 shares during the period. Goldman Sachs Group Inc. increased its position in shares of United Security Bancshares by 64.3% during the first quarter. Goldman Sachs Group Inc. now owns 59,523 shares of the financial services provider’s stock worth $533,000 after acquiring an additional 23,284 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of United Security Bancshares by 7.9% during the first quarter. Empowered Funds LLC now owns 55,608 shares of the financial services provider’s stock worth $498,000 after acquiring an additional 4,068 shares during the period. Jane Street Group LLC lifted its position in United Security Bancshares by 167.3% in the 1st quarter. Jane Street Group LLC now owns 46,490 shares of the financial services provider’s stock valued at $417,000 after acquiring an additional 29,096 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in United Security Bancshares by 119.5% in the 2nd quarter. Geode Capital Management LLC now owns 327,068 shares of the financial services provider’s stock worth $2,829,000 after purchasing an additional 178,086 shares during the period. 30.88% of the stock is currently owned by institutional investors and hedge funds.

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.