United Security Bancshares (NASDAQ:UBFO) CEO Dennis R. Woods Buys 2,000 Shares of Stock

United Security Bancshares (NASDAQ:UBFO) CEO Dennis R. Woods purchased 2,000 shares of the stock in a transaction dated Tuesday, April 30th. The shares were purchased at an average price of $7.05 per share, with a total value of $14,100.00. Following the completion of the transaction, the chief executive officer now owns 880,876 shares of the company’s stock, valued at $6,210,175.80. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

United Security Bancshares Stock Performance

Shares of UBFO opened at $7.12 on Thursday. The stock has a 50-day simple moving average of $7.44 and a 200-day simple 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 1 year low of $5.50 and a 1 year high of $8.74. The stock has a market capitalization of $123.32 million, a PE ratio of 6.85 and a beta of 0.62.

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

United Security Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders 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 yield of 6.74%. United Security Bancshares’s dividend payout ratio is presently 46.15%.

Hedge Funds Weigh In On United Security Bancshares

Several hedge funds have recently made changes to their positions in UBFO. Bridgewealth Advisory Group LLC increased its stake in shares of United Security Bancshares by 3.8% during 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 acquiring an additional 44,182 shares during the period. Kennedy Capital Management LLC raised its stake in shares of United Security Bancshares by 8.8% during the 3rd quarter. Kennedy Capital Management LLC now owns 58,454 shares of the financial services provider’s stock worth $435,000 after buying an additional 4,749 shares in the last quarter. Planning Center Inc. acquired a new stake in shares of United Security Bancshares in the 4th quarter valued at approximately $303,000. Kestra Private Wealth Services LLC purchased a new stake in shares of United Security Bancshares in the third quarter valued at approximately $250,000. Finally, O Shaughnessy Asset Management LLC grew its holdings 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 worth $244,000 after acquiring an additional 3,933 shares during the period. Hedge funds and other institutional investors own 30.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of United Security Bancshares in a research note on Sunday. They issued a “hold” rating for the company.

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.