United Security Bancshares (NASDAQ:UBFO) Director Acquires $465,488.76 in Stock

Key Points

• Director Jagroop Gill of United Security Bancshares purchased 55,814 shares at an average price of $8.34, increasing their ownership by 4.55%.
• The firm recently announced a $0.12 quarterly dividend, resulting in an annual yield of 5.6% and a payout ratio of 72.73%.
• Analyst ratings for United Security Bancshares were downgraded from "hold" to "sell", indicating potential concerns regarding the stock's performance.

United Security Bancshares (NASDAQ:UBFO - Get Free Report) Director Jagroop Gill bought 55,814 shares of the business's stock in a transaction on Thursday, August 7th. The stock was bought at an average price of $8.34 per share, for a total transaction of $465,488.76. Following the transaction, the director directly owned 1,281,347 shares of the company's stock, valued at approximately $10,686,433.98. This represents a 4.55% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

United Security Bancshares Price Performance

Shares of UBFO stock traded up $0.20 during trading on Monday, hitting $8.79. The company had a trading volume of 18,268 shares, compared to its average volume of 28,914. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.09. The stock's 50-day moving average is $8.62 and its two-hundred day moving average is $8.89. The stock has a market capitalization of $153.56 million, a price-to-earnings ratio of 13.31 and a beta of 0.39. United Security Bancshares has a 52 week low of $7.32 and a 52 week high of $10.49.

United Security Bancshares (NASDAQ:UBFO - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.13 earnings per share for the quarter. The firm had revenue of $12.62 million during the quarter. United Security Bancshares had a return on equity of 8.43% and a net margin of 17.07%.

United Security Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Monday, July 7th were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.48 dividend on an annualized basis and a yield of 5.5%. United Security Bancshares's payout ratio is presently 72.73%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of United Security Bancshares from a "hold" rating to a "sell" rating in a research report on Friday, July 18th.

Hedge Funds Weigh In On United Security Bancshares

Large investors have recently modified their holdings of the stock. Cerity Partners LLC purchased a new stake in shares of United Security Bancshares in the 4th quarter worth $534,000. Barclays PLC increased its holdings in shares of United Security Bancshares by 36.4% in the fourth quarter. Barclays PLC now owns 38,986 shares of the financial services provider's stock valued at $394,000 after purchasing an additional 10,410 shares during the period. Fourthstone LLC increased its holdings in shares of United Security Bancshares by 87.3% in the fourth quarter. Fourthstone LLC now owns 321,245 shares of the financial services provider's stock valued at $3,206,000 after purchasing an additional 149,705 shares during the period. Dimensional Fund Advisors LP grew its holdings in United Security Bancshares by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 884,683 shares of the financial services provider's stock worth $8,935,000 after acquiring an additional 14,759 shares during the period. Finally, Susquehanna International Group LLP grew its holdings in United Security Bancshares by 242.4% during the fourth quarter. Susquehanna International Group LLP now owns 155,563 shares of the financial services provider's stock worth $1,571,000 after acquiring an additional 110,128 shares during the period. Institutional investors own 30.88% of the company's stock.

About United Security Bancshares

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.