United Security Bancshares (NASDAQ:UBFO) Releases Quarterly Earnings Results

United Security Bancshares (NASDAQ:UBFO) announced its quarterly earnings data on Thursday. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, Zacks reports. United Security Bancshares had a net margin of 17.51% and a return on equity of 8.50%.

United Security Bancshares Stock Performance

NASDAQ UBFO opened at $10.71 on Friday. United Security Bancshares has a twelve month low of $7.32 and a twelve month high of $10.80. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.07. The stock has a market cap of $188.28 million, a P/E ratio of 15.99 and a beta of 0.35. The company’s 50-day simple moving average is $10.08 and its 200 day simple moving average is $9.45.

United Security Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 13th. Stockholders of record on Friday, December 26th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Friday, December 26th. United Security Bancshares’s payout ratio is 71.64%.

Institutional Investors Weigh In On United Security Bancshares

A number of institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets acquired a new position in shares of United Security Bancshares in the 2nd quarter worth approximately $29,000. Bank of America Corp DE grew its position in United Security Bancshares by 1,292.4% in the fourth quarter. Bank of America Corp DE now owns 3,648 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 3,386 shares during the period. JPMorgan Chase & Co. raised its stake in United Security Bancshares by 7,061.3% during the second quarter. JPMorgan Chase & Co. now owns 6,660 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 6,567 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of United Security Bancshares during the second quarter valued at $65,000. Finally, New York State Common Retirement Fund bought a new position in shares of United Security Bancshares during the second quarter valued at $104,000. 30.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UBFO has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of United Security Bancshares in a report on Wednesday. Wall Street Zen upgraded shares of United Security Bancshares to a “hold” rating in a research note on Saturday, December 20th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, United Security Bancshares currently has an average rating of “Buy”.

United Security Bancshares Company Profile

United Security Bancshares, Inc is a bank holding company based in Vancouver, Washington, whose primary subsidiary, United Security Bank, delivers community banking services in the Pacific Northwest. The company engages in core banking activities, including accepting deposits, extending commercial and residential real estate loans, and offering consumer lending solutions tailored to local businesses and individuals.

Its product offerings include a variety of deposit accounts such as business checking, savings, money market accounts and certificates of deposit.