United Security Bancshares (UBFO) Announces Dividend Increase – $0.07 Per Share
United Security Bancshares (NASDAQ:UBFO) announced a quarterly dividend on Wednesday, September 27th, NASDAQ reports. Investors of record on Tuesday, October 10th will be given a dividend of 0.07 per share by the financial services provider on Thursday, October 19th. This represents a $0.28 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Friday, October 6th. This is a boost from United Security Bancshares’s previous quarterly dividend of $0.05.
Shares of United Security Bancshares (NASDAQ UBFO) opened at 9.65 on Thursday. The company has a market capitalization of $162.84 million, a P/E ratio of 20.71 and a beta of 0.64. The company’s 50 day moving average is $9.14 and its 200 day moving average is $8.79. United Security Bancshares has a 12-month low of $5.93 and a 12-month high of $9.95.
United Security Bancshares (NASDAQ:UBFO) last released its earnings results on Tuesday, July 18th. The financial services provider reported $0.15 earnings per share for the quarter. United Security Bancshares had a net margin of 22.59% and a return on equity of 8.05%. The business had revenue of $8.74 million during the quarter.
Separately, ValuEngine raised shares of United Security Bancshares from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.
In other news, Director Robert Michele Mochizuki bought 175,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was acquired at an average cost of $8.75 per share, with a total value of $1,531,250.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael T. Woolf bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average cost of $8.85 per share, with a total value of $88,500.00. The disclosure for this purchase can be found here. 23.70% of the stock is currently owned by company insiders.
An institutional investor recently bought a new position in United Security Bancshares stock. California State Teachers Retirement System bought a new stake in United Security Bancshares (NASDAQ:UBFO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,100 shares of the financial services provider’s stock, valued at approximately $214,000. California State Teachers Retirement System owned approximately 0.14% of United Security Bancshares at the end of the most recent quarter. Institutional investors own 29.04% of the company’s stock.
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United Security Bancshares Company Profile
United Security Bancshares is the bank holding company for United Security Bank (the Bank). The Bank is a California state-chartered bank. The Bank operates in the segment of providing banking services to commercial establishments and individuals primarily in the San Joaquin Valley of California. The Bank offers a range of services for commercial customers and account holders, including online banking, mobile banking, safe deposit boxes, automated teller machine (ATM) services, payroll direct deposit, cashier’s checks, traveler’s checks, money orders and foreign drafts.
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