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

Key Points

• United Security Bancshares has announced a quarterly dividend of $0.12 per share, reflecting a 5.0% dividend yield, with payment scheduled for October 21st to stockholders recorded on October 3rd.
• The company's stock (NASDAQ:UBFO) is currently priced at $9.62, having experienced a 0.4% decline in trading, with a market capitalization of $168.16 million.
• Analysts have downgraded United Security Bancshares from a "hold" to a "sell" rating as part of recent adjustments in their research assessments.

United Security Bancshares (NASDAQ:UBFO - Get Free Report) announced a quarterly dividend on Wednesday, September 24th, RTT News reports. Stockholders of record on Friday, October 3rd will be paid a dividend of 0.12 per share by the financial services provider on Tuesday, October 21st. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

United Security Bancshares Stock Down 0.4%

Shares of UBFO traded down $0.04 during trading hours on Wednesday, reaching $9.62. The stock had a trading volume of 20,371 shares, compared to its average volume of 20,589. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $168.16 million, a price-to-earnings ratio of 14.58 and a beta of 0.42. United Security Bancshares has a 12 month low of $7.32 and a 12 month high of $10.49. The firm has a 50-day simple moving average of $9.11 and a 200 day simple moving average of $8.81.

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

Analysts Set New Price Targets

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

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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