United Security Bancshares (NASDAQ:UBFO) Posts Earnings Results

United Security Bancshares (NASDAQ:UBFO) issued its earnings results on Thursday. The financial services provider reported $0.16 earnings per share for the quarter, Zacks reports. United Security Bancshares had a net margin of 22.58% and a return on equity of 11.54%.

United Security Bancshares Stock Up 1.8 %

Shares of UBFO traded up $0.14 during mid-day trading on Thursday, reaching $7.93. The company’s stock had a trading volume of 50,561 shares, compared to its average volume of 24,857. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.92 and a quick ratio of 0.92. United Security Bancshares has a 12-month low of $7.02 and a 12-month high of $10.49. The stock has a market cap of $138.58 million, a PE ratio of 9.22 and a beta of 0.37. The company’s 50 day moving average is $9.05 and its 200 day moving average is $9.32.

United Security Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Monday, April 7th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 6.05%. The ex-dividend date of this dividend is Monday, April 7th. United Security Bancshares’s dividend payout ratio (DPR) is presently 55.81%.

Institutional Trading of United Security Bancshares

An institutional investor recently raised its position in United Security Bancshares stock. Bank of America Corp DE boosted its stake in United Security Bancshares (NASDAQ:UBFO) by 1,292.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,648 shares of the financial services provider’s stock after acquiring an additional 3,386 shares during the period. Bank of America Corp DE’s holdings in United Security Bancshares were worth $37,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 30.88% of the company’s stock.

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.