United Security Bancshares (NASDAQ:UBFO) Announces Quarterly Earnings Results

United Security Bancshares (NASDAQ:UBFO) posted its quarterly earnings results on Thursday. The financial services provider reported $0.13 earnings per share for the quarter, Zacks reports. United Security Bancshares had a return on equity of 10.17% and a net margin of 20.10%.

United Security Bancshares Trading Up 1.4%

Shares of UBFO stock opened at $8.72 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.09. United Security Bancshares has a 12-month low of $7.30 and a 12-month high of $10.49. The firm has a 50 day moving average price of $8.69 and a two-hundred day moving average price of $9.04. The company has a market capitalization of $152.43 million, a PE ratio of 11.18 and a beta of 0.36.

United Security Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Monday, July 7th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 5.50%. The ex-dividend date of this dividend is Monday, July 7th. United Security Bancshares’s payout ratio is 61.54%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in UBFO. Bank of America Corp DE increased its holdings in United Security Bancshares by 1,292.4% in 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 purchasing an additional 3,386 shares during the period. Empowered Funds LLC increased its stake in 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 during the last quarter. Goldman Sachs Group Inc. increased its stake in 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 buying an additional 23,284 shares during the last quarter. Finally, Jane Street Group LLC increased its stake 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 during the last quarter. 30.88% of the stock is currently 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.