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

United Security Bancshares (NASDAQ:UBFO) declared a quarterly dividend on Wednesday, March 27th, investing.com reports. Stockholders of record on Monday, April 8th will be given a dividend of 0.12 per share by the financial services provider on Monday, April 22nd. This represents a $0.48 annualized dividend and a dividend yield of 6.72%. The ex-dividend date of this dividend is Friday, April 5th.

United Security Bancshares has raised its dividend payment by an average of 1.5% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

United Security Bancshares Stock Down 2.1 %

NASDAQ UBFO opened at $7.14 on Thursday. United Security Bancshares has a 52 week low of $5.50 and a 52 week high of $8.74. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.09. The business’s fifty day simple moving average is $7.56 and its 200-day simple moving average is $7.70. The firm has a market cap of $123.24 million, a PE ratio of 6.16 and a beta of 0.60.

United Security Bancshares (NASDAQ:UBFO) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter. The firm had revenue of $14.95 million for the quarter. United Security Bancshares had a net margin of 30.02% and a return on equity of 16.99%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on United Security Bancshares in a research report on Thursday. They issued a “hold” rating for the company.

Hedge Funds Weigh In On United Security Bancshares

Institutional investors have recently bought and sold shares of the company. Balyasny Asset Management L.P. acquired a new position in United Security Bancshares in the 4th quarter valued at about $239,000. Susquehanna International Group LLP acquired a new position in shares of United Security Bancshares during the first quarter worth about $212,000. Goldman Sachs Group Inc. grew its position in shares of United Security Bancshares by 78.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 24,218 shares of the financial services provider’s stock worth $204,000 after buying an additional 10,653 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of United Security Bancshares during the third quarter worth about $181,000. Finally, BHZ Capital Management LP grew its position in shares of United Security Bancshares by 34.8% during the first quarter. BHZ Capital Management LP now owns 25,488 shares of the financial services provider’s stock worth $163,000 after buying an additional 6,584 shares in the last quarter. 30.88% of the stock is 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.