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

StockNews.com started coverage on shares of United Security Bancshares (NASDAQ:UBFOGet Rating) in a report released on Monday morning. The brokerage issued a hold rating on the financial services provider’s stock.

UBFO stock opened at $7.99 on Monday. The firm has a market capitalization of $136.05 million, a P/E ratio of 13.54 and a beta of 0.76. The business has a 50-day moving average of $8.34. United Security Bancshares has a fifty-two week low of $7.53 and a fifty-two week high of $8.74. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.09.

United Security Bancshares (NASDAQ:UBFOGet Rating) last issued its quarterly earnings results on Wednesday, January 26th. The financial services provider reported $0.20 EPS for the quarter. United Security Bancshares had a net margin of 24.56% and a return on equity of 8.50%. The firm had revenue of $10.67 million for the quarter.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 18th. Shareholders of record on Wednesday, April 6th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 5.51%. The ex-dividend date is Tuesday, April 5th. United Security Bancshares’s dividend payout ratio (DPR) is presently 74.58%.

In other United Security Bancshares news, Director Kenneth D. Newby purchased 12,000 shares of the company’s stock in a transaction on Friday, January 21st. The shares were purchased at an average cost of $8.15 per share, for a total transaction of $97,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 20.50% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of UBFO. Strategic Value Bank Partners LLC acquired a new stake in United Security Bancshares during the 4th quarter worth about $7,572,000. Millennium Management LLC acquired a new stake in United Security Bancshares during the 2nd quarter worth about $784,000. American Century Companies Inc. raised its holdings in United Security Bancshares by 38.2% during the 4th quarter. American Century Companies Inc. now owns 51,135 shares of the financial services provider’s stock worth $415,000 after buying an additional 14,132 shares during the period. Elizabeth Park Capital Advisors Ltd. raised its holdings in United Security Bancshares by 3.2% during the 4th quarter. Elizabeth Park Capital Advisors Ltd. now owns 420,179 shares of the financial services provider’s stock worth $3,412,000 after buying an additional 13,157 shares during the period. Finally, Geode Capital Management LLC raised its holdings in United Security Bancshares by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 111,584 shares of the financial services provider’s stock worth $892,000 after buying an additional 4,952 shares during the period. Hedge funds and other institutional investors own 31.16% of the company’s stock.

United Security Bancshares Company Profile (Get Rating)

United Security Bancshares (California) is a holding company, which engages in the provision of commercial banking services. Its portfolio consists of commercial and industrial, government program, commercial real estate, residential mortgages, home improvement and home equity, real estate construction and development, agricultural, and installment and student loans.

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