Eagle Global Advisors LLC acquired a new stake in shares of United Security Bancshares (NASDAQ:UBFO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 14,760 shares of the financial services provider’s stock, valued at approximately $137,000. Eagle Global Advisors LLC owned 0.09% of United Security Bancshares at the end of the most recent reporting period.
Shares of United Security Bancshares (NASDAQ:UBFO) remained flat at $8.75 on Friday. The company’s stock had a trading volume of 25,330 shares. The firm’s 50 day moving average price is $9.38 and its 200-day moving average price is $8.57. United Security Bancshares has a 52 week low of $5.93 and a 52 week high of $9.95. The firm has a market capitalization of $147.66 million, a price-to-earnings ratio of 18.78 and a beta of 0.63.
United Security Bancshares (NASDAQ:UBFO) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter. United Security Bancshares had a return on equity of 8.05% and a net margin of 22.59%. The business had revenue of $8.74 million during the quarter.
The business also recently declared a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were issued a dividend of $0.05 per share. The ex-dividend date was Wednesday, July 5th. This represents a $0.20 annualized dividend and a yield of 2.29%. United Security Bancshares’s dividend payout ratio (DPR) is currently 43.79%.
United Security Bancshares declared that its Board of Directors has initiated a share repurchase plan on Thursday, April 27th that allows the company to repurchase $3.00 million in shares. This repurchase authorization allows the financial services provider to buy up to 2.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
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Separately, ValuEngine raised shares of United Security Bancshares from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
In related news, Director Michael T. Woolf purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was acquired at an average price of $8.85 per share, for a total transaction of $88,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 23.70% of the company’s stock.
About United Security Bancshares
United Security Bancshares is the bank holding company for United Security Bank (the Bank). The Bank is a California state-chartered bank. The Bank operates in the segment of providing banking services to commercial establishments and individuals primarily in the San Joaquin Valley of California. The Bank offers a range of services for commercial customers and account holders, including online banking, mobile banking, safe deposit boxes, automated teller machine (ATM) services, payroll direct deposit, cashier’s checks, traveler’s checks, money orders and foreign drafts.
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