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United Security Bancshares

Nasdaq:UBFO
Snowflake Description

Adequate balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
UBFO
Nasdaq
$186M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

United Security Bancshares operates as the 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 last earnings update was 2 days ago. More info.


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UBFO Share Price and Events
7 Day Returns
2.9%
NasdaqGS:UBFO
-0.4%
US Banks
-0.3%
US Market
1 Year Returns
3.2%
NasdaqGS:UBFO
-5.7%
US Banks
3.9%
US Market
UBFO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
United Security Bancshares (UBFO) 2.9% 3.8% 4.8% 3.2% 89.7% 111.4%
US Banks -0.4% 2.3% -0.3% -5.7% 46.2% 45.8%
US Market -0.3% 2.3% 2.3% 3.9% 36.7% 41.8%
1 Year Return vs Industry and Market
  • UBFO outperformed the Banks industry which returned -5.7% over the past year.
  • UBFO matched the United States of America Market (3.9%) over the past year.
Price Volatility
UBFO
Industry
5yr Volatility vs Market

Value

 Is United Security Bancshares undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of United Security Bancshares to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for United Security Bancshares.

NasdaqGS:UBFO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $6.00 * 8.5%
$0.51
Book Value of Equity per Share Median Book Value from the past 5 years. $6.00
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:UBFO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.596 (1 + (1- 21%) (7.75%))
0.754
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NasdaqGS:UBFO using Excess Returns Model Model

The calculations below outline how an intrinsic value for United Security Bancshares is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:UBFO Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.5% – 7.5%) * $6.00)
$0.06
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.06 / (7.5% - 2.73%)
$1.29
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $6.00 + $1.29
$7.29
NasdaqGS:UBFO Discount to Share Price
Calculation Result
Value per share (USD) From above. $7.29
Current discount Discount to share price of $10.99
= -1 x ($10.99 - $7.29) / $7.29
-50.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of United Security Bancshares is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for United Security Bancshares's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are United Security Bancshares's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:UBFO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $0.92
NasdaqGS:UBFO Share Price ** NasdaqGS (2019-07-19) in USD $10.99
United States of America Banks Industry PE Ratio Median Figure of 594 Publicly-Listed Banks Companies 12.76x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.92x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of United Security Bancshares.

NasdaqGS:UBFO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:UBFO Share Price ÷ EPS (both in USD)

= 10.99 ÷ 0.92

11.95x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • United Security Bancshares is good value based on earnings compared to the US Banks industry average.
  • United Security Bancshares is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does United Security Bancshares's expected growth come at a high price?
Raw Data
NasdaqGS:UBFO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-1.7%per year
United States of America Banks Industry PEG Ratio Median Figure of 270 Publicly-Listed Banks Companies 1.2x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for United Security Bancshares, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on United Security Bancshares's assets?
Raw Data
NasdaqGS:UBFO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $6.69
NasdaqGS:UBFO Share Price * NasdaqGS (2019-07-19) in USD $10.99
United States of America Banks Industry PB Ratio Median Figure of 594 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,248 Publicly-Listed Companies 1.8x
NasdaqGS:UBFO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:UBFO Share Price ÷ Book Value per Share (both in USD)

= 10.99 ÷ 6.69

1.64x

* Primary Listing of United Security Bancshares.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • United Security Bancshares is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess United Security Bancshares's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. United Security Bancshares has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is United Security Bancshares expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover United Security Bancshares, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-1.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is United Security Bancshares expected to grow at an attractive rate?
  • United Security Bancshares's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • United Security Bancshares's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Unable to compare United Security Bancshares's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:UBFO Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:UBFO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -1.7%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 1.9%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:UBFO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 weeks ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:UBFO Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 43 16
2019-03-31 42 11 15
2018-12-31 40 11 14
2018-09-30 39 10 12
2018-06-30 38 8 11
2018-03-31 37 8 10
2017-12-31 35 8 9
2017-09-30 34 8 9
2017-06-30 33 9 8
2017-03-31 33 12 7
2016-12-31 33 9 7
2016-09-30 33 9 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • United Security Bancshares's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if United Security Bancshares is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:UBFO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 weeks ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from United Security Bancshares Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:UBFO Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 0.92
2019-03-31 0.88
2018-12-31 0.83
2018-09-30 0.69
2018-06-30 0.65
2018-03-31 0.59
2017-12-31 0.51
2017-09-30 0.51
2017-06-30 0.47
2017-03-31 0.44
2016-12-31 0.44
2016-09-30 0.44

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if United Security Bancshares will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess United Security Bancshares's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
United Security Bancshares has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has United Security Bancshares performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare United Security Bancshares's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • United Security Bancshares's year on year earnings growth rate has been positive over the past 5 years.
  • United Security Bancshares's 1-year earnings growth exceeds its 5-year average (42.5% vs 17.3%)
  • United Security Bancshares's earnings growth has exceeded the US Banks industry average in the past year (42.5% vs 39.4%).
Earnings and Revenue History
United Security Bancshares's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from United Security Bancshares Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:UBFO Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 42.94 15.57 18.27
2019-03-31 41.99 14.87 18.35
2018-12-31 40.28 14.02 18.20
2018-09-30 38.68 11.70 17.95
2018-06-30 37.93 10.93 17.58
2018-03-31 36.63 10.03 17.01
2017-12-31 35.48 8.64 16.92
2017-09-30 34.37 8.56 17.03
2017-06-30 33.23 7.86 17.01
2017-03-31 32.52 7.39 16.82
2016-12-31 32.60 7.39 16.78
2016-09-30 32.50 7.46 16.52
2016-06-30 32.34 7.31 16.23
2016-03-31 32.34 7.35 16.00
2015-12-31 30.83 6.81 15.50
2015-09-30 30.69 6.73 15.33
2015-06-30 30.07 6.55 15.37
2015-03-31 30.08 6.54 15.37
2014-12-31 29.62 6.22 15.24
2014-09-30 27.99 7.61 14.91
2014-06-30 28.58 7.75 14.62
2014-03-31 26.90 7.10 14.43
2013-12-31 26.46 7.27 14.58
2013-09-30 26.12 5.80 14.86
2013-06-30 24.65 5.32 14.90
2013-03-31 26.38 6.09 14.98
2012-12-31 27.55 6.07 14.67
2012-09-30 27.42 1.23 14.14

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • United Security Bancshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • United Security Bancshares used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if United Security Bancshares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess United Security Bancshares's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
United Security Bancshares has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is United Security Bancshares's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of United Security Bancshares's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from United Security Bancshares Company Filings, last reported 2 weeks ago.

NasdaqGS:UBFO Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 113.34 10.50 309.46
2019-03-31 111.19 10.45 260.70
2018-12-31 109.24 10.16 220.34
2018-09-30 107.05 10.40 207.30
2018-06-30 105.22 10.13 191.13
2018-03-31 103.51 9.64 165.35
2017-12-31 101.35 9.73 107.93
2017-09-30 101.11 9.53 160.55
2017-06-30 99.52 9.44 110.16
2017-03-31 98.50 9.17 133.78
2016-12-31 96.65 8.83 113.68
2016-09-30 95.59 8.26 113.28
2016-06-30 93.64 7.84 96.10
2016-03-31 91.45 7.95 127.02
2015-12-31 89.64 8.30 127.28
2015-09-30 88.02 7.88 117.91
2015-06-30 86.00 9.92 83.68
2015-03-31 84.14 10.24 87.00
2014-12-31 82.83 10.12 105.10
2014-09-30 81.30 10.05 136.41
2014-06-30 79.54 10.08 122.22
2014-03-31 77.44 11.53 138.12
2013-12-31 76.54 11.13 136.73
2013-09-30 73.50 10.80 183.36
2013-06-30 71.71 10.88 139.78
2013-03-31 70.47 10.69 137.96
2012-12-31 69.44 10.07 143.13
2012-09-30 67.67 9.52 143.03
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • United Security Bancshares has an acceptable proportion of non-loan assets held.
  • United Security Bancshares's liabilities are made up of primarily low risk sources of funding.
  • Loans at United Security Bancshares are broadly funded by customer deposits.
  • United Security Bancshares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • United Security Bancshares has a low allowance for bad loans.
  • United Security Bancshares has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess United Security Bancshares's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. United Security Bancshares has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is United Security Bancshares's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4%
Current annual income from United Security Bancshares dividends.
If you bought $2,000 of United Security Bancshares shares you are expected to receive $80 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • United Security Bancshares's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • United Security Bancshares's dividend is above the markets top 25% of dividend payers in United States of America (3.74%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:UBFO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 479 Stocks 3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:UBFO Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-06-26 0.440 4.026
2019-03-27 0.440 4.212
2018-12-19 0.440 4.313
2018-09-26 0.400 3.774
2018-06-27 0.360 3.264
2018-03-28 0.360 3.249
2017-12-20 0.280 2.599
2017-09-27 0.280 2.877
2017-04-27 0.200 2.155
2010-07-22 0.000 0.000
2010-05-10 0.000 0.000
2010-04-28 0.000 0.000
2010-03-31 0.000 0.000
2010-02-10 0.000 0.000
2009-11-09 0.000 0.000
2009-11-03 0.000 0.000
2009-08-14 0.000 0.000
2009-08-13 0.000 0.000
2009-05-11 0.000 0.000
2009-05-06 0.000 0.000
2009-03-16 0.000 0.000
2009-02-10 0.000 0.000
2008-11-17 0.000 0.000
2008-08-08 0.367 3.629

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of United Security Bancshares's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess United Security Bancshares's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can United Security Bancshares afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. United Security Bancshares has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of United Security Bancshares's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dennis Woods
COMPENSATION $808,096
AGE 71
TENURE AS CEO 26.5 years
CEO Bio

Mr. Dennis R. Woods serves as Chairman of the Board, President and Chief Executive Officer of United Security Bancshares. Mr. Woods is the Founding Chairman of United Security Bank and has been its President and Chief Executive Officer in 1993. Prior to the inception of United Security Bancshares, Mr. Woods was the President and Chief Executive Officer of a wholesale and retail food distribution company, Hestbeck’s Incorporated, for over 20 years. Mr. Woods has also been active in real estate investment, including ownership of commercial warehouses, apartments and residential real estate for more than 30 years. Additionally, Mr. Woods has been involved with the development and cultivation of pistachio and almond farms since 1980 to present. Mr. Woods has continuously served on the boards of Directors of a number of non-profit organizations such as Hestbecks Incorporated; United Security Bancshares; Pacific Coast Bankers Bank; California State University Fresno Bulldog Foundation; State Center Community College; United Way of Fresno County; Northern California Loan Fund Advisory and Denwoods Farm Company.

CEO Compensation
  • Dennis's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Dennis's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the United Security Bancshares management team in years:

6
Average Tenure
66
Average Age
  • The average tenure for the United Security Bancshares management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Dennis Woods

TITLE
Chairman
COMPENSATION
$808K
AGE
71
TENURE
26.5 yrs

Bhavneet Gill

TITLE
Senior VP & CFO
COMPENSATION
$402K
AGE
33
TENURE
4.3 yrs

Dave Eytcheson

TITLE
Senior VP & COO
COMPENSATION
$346K
AGE
78
TENURE
18.1 yrs

Bill Yarbenet

TITLE
Senior VP & Chief Credit Officer
COMPENSATION
$475K
AGE
61
TENURE
6 yrs

Robert Oberg

TITLE
Senior VP & Chief Risk Officer
COMPENSATION
$413K
AGE
59
TENURE
0.8 yrs

Sue Quigley

TITLE
Secretary & Director
COMPENSATION
$31K
AGE
73

Dana Paull

TITLE
VP & Compliance Manager

Ellie Rosenberg

TITLE
VP & Human Resource Director

Jeremy Snow

TITLE
VP & Controller
Board of Directors Tenure

Average tenure and age of the United Security Bancshares board of directors in years:

5.2
Average Tenure
69.5
Average Age
  • The tenure for the United Security Bancshares board of directors is about average.
Board of Directors

Sue Quigley

TITLE
Secretary & Director
COMPENSATION
$31K
AGE
73
TENURE
2.5 yrs

Mike Woolf

TITLE
Director
COMPENSATION
$37K
AGE
63
TENURE
14.2 yrs

Dennis Woods

TITLE
Chairman
COMPENSATION
$808K
AGE
71
TENURE
18.1 yrs

Kenneth Newby

TITLE
Director
COMPENSATION
$62K
AGE
73
TENURE
5.2 yrs

Brian Tkacz

TITLE
Director
COMPENSATION
$19K
AGE
42
TENURE
1.7 yrs

Robert Mochizuki

TITLE
Lead Director
COMPENSATION
$49K
AGE
72

Tom Ellithorpe

TITLE
Director
COMPENSATION
$73K
AGE
76
TENURE
18.5 yrs

Stan Cavalla

TITLE
Director
COMPENSATION
$45K
AGE
68
TENURE
18.5 yrs

Ben Mackovak

TITLE
Director
COMPENSATION
$41K
AGE
38
TENURE
2.5 yrs

Nabeel Mahmood

TITLE
Director
COMPENSATION
$24K
AGE
41
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
23. Oct 18 Buy David Eytcheson Individual 22. Oct 18 22. Oct 18 909 $10.94 $9,944
24. Jul 18 Buy David Eytcheson Individual 24. Jul 18 24. Jul 18 827 $10.73 $8,871
X
Management checks
We assess United Security Bancshares's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. United Security Bancshares has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should You Be Pleased About The CEO Pay At United Security Bancshares's (NASDAQ:UBFO)

View our latest analysis for United Security Bancshares How Does Dennis Woods's Compensation Compare With Similar Sized Companies? … According to our data, United Security Bancshares has a market capitalization of US$193m, and pays its CEO total annual compensation worth US$808k. … NasdaqGS:UBFO CEO Compensation, July 1st 2019 Is United Security Bancshares Growing?

Simply Wall St -

Does United Security Bancshares's (NASDAQ:UBFO) CEO Pay Reflect Performance?

According to our data, United Security Bancshares has a market capitalization of US$193m, and pays its CEO total annual compensation worth US$808k. … Boasting a total shareholder return of 97% over three years, United Security Bancshares has done well by shareholders. … If you want to buy a stock that is better than United Security Bancshares, this free list of high return, low debt companies is a great place to look.

Simply Wall St -

Should You Be Adding United Security Bancshares (NASDAQ:UBFO) To Your Watchlist Today?

We haven't seen any insiders selling United Security Bancshares shares, in the last year. … Along with the insider buying, another encouraging sign for United Security Bancshares is that insiders, as a group, have a considerable shareholding. … The good news is that United Security Bancshares is not the only growth stock with insider buying.

Simply Wall St -

Do Directors Own United Security Bancshares (NASDAQ:UBFO) Shares?

Every investor in United Security Bancshares (NASDAQ:UBFO) should be aware of the most powerful shareholder groups. … Generally speaking, as a company grows, institutions will increase their ownership. … United Security Bancshares is not a large company by global standards.

Simply Wall St -

Can United Security Bancshares (NASDAQ:UBFO) Survive The Next Financial Crisis?

As a small-cap finance stock with a market capitalisation of US$172m, the risk and profitability of United Security Bancshares (NASDAQ:UBFO) are largely tied to the underlying economic growth of the region it operates in US. … The Basel III reforms are aimed at banking regulations to improve financial institutions’ ability to absorb shocks caused by economic stress which could expose banks like United Security Bancshares to vulnerabilities. … Low levels of leverage coupled with sufficient liquidity may place United Security Bancshares in a safe position in the face of adverse headwinds.

Simply Wall St -

4 Days Left To Cash In On United Security Bancshares (NASDAQ:UBFO) Dividend

Investors who want to cash in on United Security Bancshares's (NASDAQ:UBFO) upcoming dividend of US$0.11 per share have only 4 days left to buy the shares before its ex-dividend date, 05 April 2019, in time for dividends payable on the 17 April 2019. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I take a deeper dive into United Security Bancshares's latest financial data to analyse its dividend attributes. … If you are a dividend investor, you should always assess these five key metrics:?

Simply Wall St -

Does United Security Bancshares (NASDAQ:UBFO) Have A Place In Your Portfolio?

United Security Bancshares (NASDAQ:UBFO) has paid a dividend to shareholders in the last few years. … Let's dig deeper into whether United Security Bancshares should have a place in your portfolio. … View our latest analysis for United Security Bancshares

Simply Wall St -

Does United Security Bancshares's (NASDAQ:UBFO) CEO Pay Compare Well With Peers?

Dennis Woods has been the CEO of United Security Bancshares (NASDAQ:UBFO) since 1993. … Check out our latest analysis for United Security Bancshares … How Does Dennis Woods's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Can United Security Bancshares (NASDAQ:UBFO) Survive The Next Financial Crisis?

As a small-cap finance stock with a market capitalisation of US$161m, the risk and profitability of United Security Bancshares (NASDAQ:UBFO) are largely tied to the underlying economic growth of the region it operates in US. … High liquidity and low leverage could position United Security Bancshares favourably at the face of macro headwinds. … Check out our latest analysis for United Security Bancshares

Simply Wall St -

Real Risks To Know Before Investing In United Security Bancshares (NASDAQ:UBFO)

This is because bad debt is written off as an expense and impacts United Security Bancshares’s bottom line and shareholders’ value. … I will take you through some useful measures of bad debt and liabilities in order to properly analyse United Security Bancshares’s risk level before you invest in the stock. … Check out our latest analysis for United Security Bancshares

Simply Wall St -

Company Info

Description

United Security Bancshares operates as the 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. Its loan portfolio comprises real estate mortgage, commercial and industrial, real estate construction, and consumer loans, as well as agricultural and installment loans. The company also offers cashier’s check, traveler’s check, money order, foreign draft, online and mobile banking, safe deposit box, payroll direct deposit, and interactive teller and ATM services. As of January 23, 2019, it operated through 11 full-service branch offices in Fresno, Bakersfield, Campbell, Caruthers, Coalinga, Firebaugh, Oakhurst, San Joaquin, and Taft, California. The company was founded in 1987 and is headquartered in Fresno, California.

Details
Name: United Security Bancshares
UBFO
Exchange: NasdaqGS
Founded: 1987
$186,321,646
16,953,744
Website: http://www.unitedsecuritybank.com
Address: United Security Bancshares
2126 Inyo Street,
Fresno,
California, 93721,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS UBFO Common Shares Nasdaq Global Select US USD 27. Mar 1996
Number of employees
Current staff
Staff numbers
125
United Security Bancshares employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 23:48
End of day share price update: 2019/07/19 00:00
Last earnings filing: 2019/07/17
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.