United Security Bancshares (NASDAQ:UBFO) Announces $0.12 Quarterly Dividend

United Security Bancshares (NASDAQ:UBFO - Get Free Report) declared a quarterly dividend on Wednesday, March 27th, investing.com reports. Stockholders of record on Monday, April 8th will be paid a dividend of 0.12 per share by the financial services provider on Monday, April 22nd. This represents a $0.48 annualized dividend and a dividend yield of 6.23%. The ex-dividend date of this dividend is Friday, April 5th.

United Security Bancshares has raised its dividend payment by an average of 1.5% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.

United Security Bancshares Stock Performance

Shares of UBFO traded up $0.18 during mid-day trading on Friday, hitting $7.71. 26,776 shares of the company's stock were exchanged, compared to its average volume of 10,453. United Security Bancshares has a 52 week low of $5.50 and a 52 week high of $8.74. The stock's 50-day simple moving average is $7.62 and its 200-day simple moving average is $7.69. The firm has a market cap of $133.07 million, a price-to-earnings ratio of 6.65 and a beta of 0.60. The company has a quick ratio of 1.01, a current ratio of 0.89 and a debt-to-equity ratio of 0.09.

United Security Bancshares (NASDAQ:UBFO - Get Free Report) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.31 EPS for the quarter. The company had revenue of $14.95 million for the quarter. United Security Bancshares had a net margin of 30.02% and a return on equity of 16.99%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in United Security Bancshares by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 863,517 shares of the financial services provider's stock valued at $5,509,000 after acquiring an additional 16,039 shares during the last quarter. Vanguard Group Inc. boosted its position in United Security Bancshares by 3.0% in the first quarter. Vanguard Group Inc. now owns 561,235 shares of the financial services provider's stock valued at $4,659,000 after buying an additional 16,246 shares in the last quarter. Alliancebernstein L.P. boosted its position in United Security Bancshares by 20.6% in the second quarter. Alliancebernstein L.P. now owns 173,621 shares of the financial services provider's stock valued at $1,156,000 after buying an additional 29,660 shares in the last quarter. Bridgeway Capital Management LLC boosted its position in United Security Bancshares by 2.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 126,499 shares of the financial services provider's stock valued at $1,064,000 after buying an additional 3,624 shares in the last quarter. Finally, BlackRock Inc. boosted its position in United Security Bancshares by 60.0% in the second quarter. BlackRock Inc. now owns 99,032 shares of the financial services provider's stock valued at $660,000 after buying an additional 37,130 shares in the last quarter. 30.88% of the stock is owned by institutional investors.

United Security Bancshares Company Profile

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.