United Security Bancshares (NASDAQ:UBFO) CEO Acquires $14,100.00 in Stock

United Security Bancshares (NASDAQ:UBFO) CEO Dennis R. Woods acquired 2,000 shares of the stock in a transaction dated Tuesday, April 30th. The stock was acquired at an average price of $7.05 per share, with a total value of $14,100.00. Following the completion of the acquisition, the chief executive officer now owns 880,876 shares in the company, valued at approximately $6,210,175.80. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

United Security Bancshares Stock Performance

NASDAQ:UBFO opened at $7.29 on Friday. 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 fifty-two week low of $5.50 and a fifty-two week high of $8.74. The firm has a market cap of $126.26 million, a PE ratio of 7.01 and a beta of 0.62. The business has a 50 day moving average price of $7.43 and a 200-day moving average price of $7.71.

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

United Security Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 8th were paid a $0.12 dividend. The ex-dividend date was Friday, April 5th. This represents a $0.48 annualized dividend and a dividend yield of 6.58%. United Security Bancshares’s payout ratio is presently 46.15%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of UBFO. Miracle Mile Advisors LLC purchased a new stake in United Security Bancshares in the 1st quarter worth approximately $108,000. Salzhauer Michael raised its holdings in shares of United Security Bancshares by 6.7% during the first quarter. Salzhauer Michael now owns 27,071 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 1,700 shares in the last quarter. Barclays PLC lifted its stake in United Security Bancshares by 14.9% in the third quarter. Barclays PLC now owns 29,191 shares of the financial services provider’s stock worth $217,000 after acquiring an additional 3,786 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in United Security Bancshares by 13.6% in 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. Finally, Kestra Private Wealth Services LLC purchased a new position in United Security Bancshares during the 3rd quarter valued at $250,000. Hedge funds and other institutional investors own 30.88% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on United Security Bancshares in a report on Sunday, April 28th. They issued a “hold” rating on the stock.

United Security Bancshares Company Profile

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.