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

United Security Bancshares (NASDAQ:UBFO) declared a quarterly dividend on Wednesday, March 27th, investing.com reports. Shareholders of record on Monday, April 8th will be paid 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 yield of 6.23%. The ex-dividend date of this dividend is Friday, April 5th.

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

United Security Bancshares Trading Up 2.4 %

Shares of UBFO stock opened at $7.71 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 0.89. United Security Bancshares has a fifty-two week low of $5.50 and a fifty-two week high of $8.74. The company has a market cap of $133.07 million, a PE ratio of 6.65 and a beta of 0.60. The stock’s fifty day moving average price is $7.62 and its two-hundred day moving average price is $7.69.

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

Hedge Funds Weigh In On United Security Bancshares

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in shares of United Security Bancshares by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 863,517 shares of the financial services provider’s stock worth $5,509,000 after buying an additional 16,039 shares in the last quarter. Vanguard Group Inc. increased its holdings in United Security Bancshares by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 561,235 shares of the financial services provider’s stock worth $4,659,000 after purchasing an additional 16,246 shares in the last quarter. Alliancebernstein L.P. raised its position in United Security Bancshares by 20.6% in the second quarter. Alliancebernstein L.P. now owns 173,621 shares of the financial services provider’s stock valued at $1,156,000 after purchasing an additional 29,660 shares during the last quarter. Bridgeway Capital Management LLC boosted its stake in shares of United Security Bancshares by 2.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 126,499 shares of the financial services provider’s stock valued at $1,064,000 after purchasing an additional 3,624 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of United Security Bancshares by 60.0% during the second quarter. BlackRock Inc. now owns 99,032 shares of the financial services provider’s stock worth $660,000 after purchasing an additional 37,130 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.