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

by · The Cerbat Gem

United Security Bancshares (NASDAQ:UBFO – Get Free Report) declared a quarterly dividend on Tuesday, September 24th, Zacks reports. Stockholders of record on Monday, October 7th will be given a dividend of 0.12 per share by the financial services provider on Wednesday, October 23rd. This represents a $0.48 annualized dividend and a dividend yield of 5.52%. The ex-dividend date is Monday, October 7th.

United Security Bancshares has increased its dividend by an average of 1.5% annually over the last three years.

United Security Bancshares Price Performance

UBFO opened at $8.70 on Friday. The stock’s 50-day moving average price is $8.14 and its 200 day moving average price is $7.64. United Security Bancshares has a 12-month low of $6.82 and a 12-month high of $8.94. The firm has a market cap of $150.64 million, a price-to-earnings ratio of 8.37 and a beta of 0.59. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09.

United Security Bancshares (NASDAQ:UBFO – Get Free Report) last issued its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter. United Security Bancshares had a net margin of 26.73% and a return on equity of 14.48%. The company had revenue of $13.04 million for the quarter.

Insider Activity at United Security Bancshares

In related news, Director Jagroop Gill purchased 140,384 shares of the business’s stock in a transaction on Wednesday, July 24th. The shares were bought at an average price of $7.96 per share, for a total transaction of $1,117,456.64. Following the acquisition, the director now directly owns 1,220,051 shares in the company, valued at $9,711,605.96. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 20.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of United Security Bancshares in a research report on Thursday, September 5th. They issued a “hold” rating for the company.

Get Our Latest Research Report on United Security Bancshares

About United Security Bancshares

(Get Free Report)

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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