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

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

United Security Bancshares Trading Up 0.8 %

Shares of United Security Bancshares stock opened at $7.18 on Friday. The firm has a market capitalization of $124.36 million, a PE ratio of 6.90 and a beta of 0.62. United Security Bancshares has a twelve month low of $5.50 and a twelve month high of $8.74. The firm’s 50-day moving average price is $7.43 and its 200 day moving average price is $7.71. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.09.

United Security Bancshares (NASDAQ:UBFO) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.24 earnings per share for the quarter. The firm had revenue of $12.77 million for 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 business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 8th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 6.69%. The ex-dividend date was Friday, April 5th. United Security Bancshares’s dividend payout ratio is presently 46.15%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of United Security Bancshares in a research note on Sunday, April 28th. They set a “hold” rating on the stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UBFO. Barclays PLC lifted its stake in United Security Bancshares by 14.9% in the 3rd quarter. Barclays PLC now owns 29,191 shares of the financial services provider’s stock valued at $217,000 after buying an additional 3,786 shares in the last quarter. Kestra Private Wealth Services LLC acquired a new stake in United Security Bancshares in the 3rd quarter valued at about $250,000. Bridgewealth Advisory Group LLC raised its holdings in United Security Bancshares by 3.8% in the 3rd quarter. Bridgewealth Advisory Group LLC now owns 1,193,088 shares of the financial services provider’s stock valued at $8,877,000 after acquiring an additional 44,182 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in United Security Bancshares by 13.6% in the 3rd 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 during the last quarter. Finally, Kennedy Capital Management LLC raised its holdings in United Security Bancshares by 8.8% in the 3rd quarter. Kennedy Capital Management LLC now owns 58,454 shares of the financial services provider’s stock valued at $435,000 after acquiring an additional 4,749 shares during the last quarter. 30.88% of the stock is owned by hedge funds and other institutional investors.

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.