United Security Bancshares Inc. (FUSB) Issues Earnings Results
United Security Bancshares Inc. (NASDAQ:FUSB) issued its quarterly earnings data on Monday. The financial services provider reported $0.10 EPS for the quarter, Bloomberg Earnings reports. The firm had revenue of $8.37 million during the quarter. United Security Bancshares had a return on equity of 1.63% and a net margin of 3.56%.
Shares of United Security Bancshares (NASDAQ FUSB) traded up 0.32% during mid-day trading on Tuesday, reaching $11.14. The company’s stock had a trading volume of 5,045 shares. The company has a 50-day moving average of $11.29 and a 200-day moving average of $11.40. United Security Bancshares has a 12 month low of $9.64 and a 12 month high of $15.14. The company has a market cap of $67.64 million, a P/E ratio of 55.70 and a beta of 0.38.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 8th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Thursday, September 7th. United Security Bancshares’s dividend payout ratio is currently 42.11%.
A hedge fund recently raised its stake in United Security Bancshares stock. Vanguard Group Inc. lifted its position in shares of United Security Bancshares Inc. (NASDAQ:FUSB) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,349 shares of the financial services provider’s stock after acquiring an additional 699 shares during the period. Vanguard Group Inc. owned approximately 1.75% of United Security Bancshares worth $1,194,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 11.68% of the company’s stock.
About United Security Bancshares
First US Bancshares, Inc, formerly United Security Bancshares, Inc, incorporated on June 4, 1999, is the bank holding company for First US Bank (the Bank or FUSB). The Bank operates a finance company, Acceptance Loan Company, Inc (ALC). The Bank operates through two segments: FUSB and ALC. As of December 31, 2015, the Bank operated and served its customers through 19 banking offices located in Brent, Bucksville, Butler, Calera, Centreville, Coffeeville, Columbiana, Fulton, Gilbertown, Grove Hill, Harpersville, Jackson, Thomasville, Tuscaloosa and Woodstock, Alabama.
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