Dennis R. Woods Purchases 2,000 Shares of United Security Bancshares (NASDAQ:UBFO) Stock

United Security Bancshares (NASDAQ:UBFO) CEO Dennis R. Woods bought 2,000 shares of the stock in a transaction on Thursday, September 14th. The shares were acquired at an average cost of $7.24 per share, with a total value of $14,480.00. Following the acquisition, the chief executive officer now directly owns 873,316 shares in the company, valued at approximately $6,322,807.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

United Security Bancshares Stock Down 3.9 %

UBFO stock traded down $0.28 during trading hours on Monday, reaching $6.90. 28,691 shares of the stock were exchanged, compared to its average volume of 23,907. The firm’s 50-day moving average is $7.12 and its 200-day moving average is $6.64. United Security Bancshares has a 12 month low of $5.50 and a 12 month high of $8.38. The company has a market cap of $117.95 million, a price-to-earnings ratio of 6.07 and a beta of 0.67. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.97 and a quick ratio of 0.97.

United Security Bancshares (NASDAQ:UBFO) last released its earnings results on Tuesday, July 25th. The financial services provider reported $0.26 earnings per share for the quarter. United Security Bancshares had a net margin of 32.92% and a return on equity of 18.17%. The business had revenue of $13.52 million during the quarter.

United Security Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 24th. Shareholders of record on Monday, July 10th were issued a $0.12 dividend. This is a boost from United Security Bancshares’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 6.96%. The ex-dividend date was Friday, July 7th. United Security Bancshares’s dividend payout ratio is currently 40.34%.

Hedge Funds Weigh In On United Security Bancshares

A number of large investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in United Security Bancshares by 566,900.0% in the 4th quarter. Bank of America Corp DE now owns 5,670 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 5,669 shares during the period. UBS Group AG lifted its position in shares of United Security Bancshares by 80.5% during the 1st quarter. UBS Group AG now owns 7,542 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 3,363 shares during the period. Saratoga Research & Investment Management acquired a new stake in shares of United Security Bancshares during the 2nd quarter worth $73,000. Ritholtz Wealth Management bought a new position in shares of United Security Bancshares in the second quarter worth $109,000. Finally, BHZ Capital Management LP raised its stake in United Security Bancshares by 24.0% in the fourth quarter. BHZ Capital Management LP now owns 18,904 shares of the financial services provider’s stock valued at $138,000 after purchasing an additional 3,653 shares in the last quarter. Institutional investors own 34.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. TheStreet upgraded shares of United Security Bancshares from a “c+” rating to a “b-” rating in a report on Friday, July 7th. StockNews.com initiated coverage on shares of United Security Bancshares in a research report on Thursday. They set a “hold” rating on the stock.

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.