United Security Bancshares (UBFO) Announces Quarterly Earnings Results
United Security Bancshares (NASDAQ:UBFO) released its earnings results on Tuesday. The financial services provider reported $0.16 earnings per share for the quarter, Bloomberg Earnings reports. The company had revenue of $9.33 million for the quarter. United Security Bancshares had a net margin of 23.77% and a return on equity of 8.71%.
Shares of United Security Bancshares (NASDAQ:UBFO) opened at 9.45 on Thursday. United Security Bancshares has a 52 week low of $6.04 and a 52 week high of $9.95. The firm’s 50-day moving average is $9.48 and its 200 day moving average is $9.10. The firm has a market capitalization of $159.47 million, a PE ratio of 20.28 and a beta of 0.64.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Friday, October 6th. This is an increase from United Security Bancshares’s previous quarterly dividend of $0.05. United Security Bancshares’s payout ratio is currently 56.10%.
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In related news, Director Michael T. Woolf purchased 10,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were bought at an average cost of $8.85 per share, for a total transaction of $88,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Michele Mochizuki purchased 175,000 shares of the company’s stock in a transaction on Monday, August 21st. The stock was bought at an average price of $8.75 per share, for a total transaction of $1,531,250.00. The disclosure for this purchase can be found here. Corporate insiders own 23.70% of the company’s stock.
A hedge fund recently bought a new stake in United Security Bancshares stock. California State Teachers Retirement System purchased a new stake in United Security Bancshares (NASDAQ:UBFO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,100 shares of the financial services provider’s stock, valued at approximately $214,000. California State Teachers Retirement System owned about 0.14% of United Security Bancshares as of its most recent SEC filing. 29.04% of the stock is currently owned by hedge funds and other institutional investors.
About United Security Bancshares
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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