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

United Security Bancshares (NASDAQ:UBFO - Get Free Report) announced a quarterly dividend on Thursday, June 26th, Wall Street Journal reports. Shareholders of record on Monday, July 7th will be paid a dividend of 0.12 per share by the financial services provider on Tuesday, July 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date of this dividend is Monday, July 7th.

United Security Bancshares Trading Up 1.3%

Shares of UBFO stock traded up $0.11 on Thursday, hitting $8.39. 45,422 shares of the stock traded hands, compared to its average volume of 28,064. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 0.92. United Security Bancshares has a twelve month low of $7.07 and a twelve month high of $10.49. The firm's 50-day moving average price is $8.66 and its two-hundred day moving average price is $9.18. The stock has a market capitalization of $146.66 million, a PE ratio of 10.76 and a beta of 0.37.

United Security Bancshares (NASDAQ:UBFO - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $0.16 earnings per share for the quarter. United Security Bancshares had a net margin of 20.10% and a return on equity of 10.17%. The company had revenue of $13.66 million for the quarter.

Institutional Investors Weigh In On United Security Bancshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in shares of United Security Bancshares by 1,292.4% during the 4th quarter. Bank of America Corp DE now owns 3,648 shares of the financial services provider's stock worth $37,000 after purchasing an additional 3,386 shares during the period. Jane Street Group LLC boosted its stake in United Security Bancshares by 167.3% during the first quarter. Jane Street Group LLC now owns 46,490 shares of the financial services provider's stock worth $417,000 after buying an additional 29,096 shares during the period. Empowered Funds LLC increased its position in shares of United Security Bancshares by 7.9% during the first quarter. Empowered Funds LLC now owns 55,608 shares of the financial services provider's stock valued at $498,000 after acquiring an additional 4,068 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of United Security Bancshares by 64.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 59,523 shares of the financial services provider's stock valued at $533,000 after acquiring an additional 23,284 shares during the period. Institutional investors and hedge funds own 30.88% of the company's stock.

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.

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