United Security Bancshares (NASDAQ:UBFO) Releases Earnings Results

United Security Bancshares (NASDAQ:UBFO - Get Free Report) released its quarterly earnings data on Thursday. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, Zacks reports. United Security Bancshares had a net margin of 17.07% and a return on equity of 8.46%. The company had revenue of $12.62 million during the quarter.

United Security Bancshares Trading Down 0.2%

NASDAQ:UBFO traded down $0.02 during trading hours on Monday, reaching $8.58. 41,263 shares of the company were exchanged, compared to its average volume of 32,423. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market cap of $149.98 million, a price-to-earnings ratio of 13.00 and a beta of 0.36. United Security Bancshares has a 52-week low of $7.30 and a 52-week high of $10.49. The stock has a 50 day simple moving average of $8.68 and a 200 day simple moving average of $9.01.

United Security Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Monday, July 7th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date of this dividend is Monday, July 7th. United Security Bancshares's dividend payout ratio is currently 72.73%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut United Security Bancshares from a "hold" rating to a "sell" rating in a research note on Friday.

Institutional Investors Weigh In On United Security Bancshares

A number of large investors have recently added to or reduced their stakes in UBFO. Bank of America Corp DE raised its holdings in shares of United Security Bancshares by 1,292.4% during 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 buying an additional 3,386 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in United Security Bancshares by 64.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 59,523 shares of the financial services provider's stock valued at $533,000 after purchasing an additional 23,284 shares during the last quarter. Empowered Funds LLC raised its stake in shares of United Security Bancshares by 7.9% in the 1st quarter. Empowered Funds LLC now owns 55,608 shares of the financial services provider's stock valued at $498,000 after buying an additional 4,068 shares in the last quarter. Finally, Jane Street Group LLC increased its position in shares of United Security Bancshares by 167.3% during the 1st quarter. Jane Street Group LLC now owns 46,490 shares of the financial services provider's stock worth $417,000 after purchasing an additional 29,096 shares in the last quarter. 30.88% of the stock is owned by institutional investors and hedge funds.

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.