Stock Analysis Report

Header cover image

United Security Bancshares

Executive Summary

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.

Snowflake Analysis

Good value with adequate balance sheet.

Similar Companies

Share Price & News

How has United Security Bancshares's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: UBFO has not had significant price volatility in the past 3 months.

Market Performance

7 Day Return




US Banks


US Market

1 Year Return




US Banks


US Market

Return vs Industry: UBFO underperformed the US Banks industry which returned -22.3% over the past year.

Return vs Market: UBFO underperformed the US Market which returned 15.8% over the past year.

Shareholder returns

7 Day1.3%3.9%2.5%
30 Day10.5%9.5%5.6%
90 Day1.3%7.2%16.4%
1 Year-35.1%-38.5%-17.2%-20.0%18.8%16.3%
3 Year-17.9%-27.5%-9.1%-16.4%45.1%35.7%
5 Year53.1%33.6%13.9%0.02%75.8%56.8%

Price Volatility Vs. Market

How volatile is United Security Bancshares's share price compared to the market and industry in the last 5 years?

Simply Wall St News


Is United Security Bancshares undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: UBFO ($6.34) is trading below our estimate of fair value ($11.55)

Significantly Below Fair Value: UBFO is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: UBFO is good value based on its PE Ratio (9.1x) compared to the US Banks industry average (9.7x).

PE vs Market: UBFO is good value based on its PE Ratio (9.1x) compared to the US market (18.8x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate UBFO's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: UBFO is overvalued based on its PB Ratio (0.9x) compared to the US Banks industry average (0.8x).

Next Steps

Future Growth

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


Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as United Security Bancshares has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Next Steps

Past Performance

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


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: UBFO has high quality earnings.

Growing Profit Margin: UBFO's current net profit margins (31.1%) are lower than last year (36.4%).

Past Earnings Growth Analysis

Earnings Trend: UBFO's earnings have grown by 19.2% per year over the past 5 years.

Accelerating Growth: UBFO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: UBFO had negative earnings growth (-24%) over the past year, making it difficult to compare to the Banks industry average (-2.8%).

Return on Equity

High ROE: UBFO's Return on Equity (10.1%) is considered low.

Next Steps

Financial Health

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

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: UBFO's Assets to Equity ratio (8.8x) is low.

Allowance for Bad Loans: UBFO has a low allowance for bad loans (63%).

Low Risk Liabilities: 98% of UBFO's liabilities are made up of primarily low risk sources of funding.

Loan Level: UBFO has an appropriate level of Loans to Assets ratio (62%).

Low Risk Deposits: UBFO's Loans to Deposits ratio (72%) is appropriate.

Level of Bad Loans: UBFO has a high level of bad loans (2.2%).

Next Steps


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: UBFO's dividend (6.94%) is higher than the bottom 25% of dividend payers in the US market (1.65%).

High Dividend: UBFO's dividend (6.94%) is in the top 25% of dividend payers in the US market (4.45%)

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, UBFO has been paying a dividend for less than 10 years.

Growing Dividend: UBFO's dividend payments have increased, but the company has only paid a dividend for 3 years.

Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (63.1%), UBFO's dividend payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Dennis Woods (72 yo)





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 Preside ...

CEO Compensation Analysis

Compensation vs Market: Dennis's total compensation ($USD841.71K) is above average for companies of similar size in the US market ($USD598.76K).

Compensation vs Earnings: Dennis's compensation has been consistent with company performance over the past year.

Leadership Team

Dennis Woods
$ 7.0m
Bhavneet Gill
Senior VP & CFO5.42yrsUS$305.91k0.18%
$ 191.4k
David Eytcheson
Senior VP & COO19.17yrsUS$338.94k1.62%
$ 1.7m
William Yarbenet
Senior VP & Chief Credit Officer7.08yrsUS$385.21k0.095%
$ 102.4k
Robert Oberg
Senior VP & Chief Risk Officer1.83yrsUS$230.71k0.041%
$ 44.4k
Susan Quigley
Secretary & Independent Director3.58yrsUS$35.72k0.012%
$ 12.7k
Dana Paull
VP & Compliance Managerno datano datano data
Ellie Rosenberg
VP & Human Resource Directorno datano datano data
Jeremy Snow
VP & Controllerno datano datano data


Average Tenure


Average Age

Experienced Management: UBFO's management team is seasoned and experienced (7.1 years average tenure).

Board Members

Dennis Woods
$ 7.0m
Susan Quigley
Secretary & Independent Director3.58yrsUS$35.72k0.012%
$ 12.7k
Robert Bitter
Director Emeritus2.25yrsUS$36.18kno data
George Ellithorpe
Independent Director19.58yrsUS$45.09k0.83%
$ 896.5k
Stanley Cavalla
Independent Director19.58yrsUS$20.02k3.88%
$ 4.2m
Ronnie Miller
Director Emeritus3.92yrsUS$28.10kno data
Michael Woolf
Independent Director15.25yrsUS$22.33k1.36%
$ 1.5m
Robert Mochizuki
Independent Lead Directorno dataUS$28.96k1.52%
$ 1.6m
Kenneth Newby
Independent Director6.25yrsUS$54.96k0.062%
$ 66.8k
Benjamin Mackovak
Independent Director3.58yrsUS$39.22k0.0059%
$ 6.3k
Nabeel Mahmood
Independent Director2.75yrsUS$43.99kno data
Brian Tkacz
Independent Director2.75yrsUS$22.33kno data


Average Tenure


Average Age

Experienced Board: UBFO's board of directors are considered experienced (3.9 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: UBFO insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

United Security Bancshares's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: United Security Bancshares
  • Ticker: UBFO
  • Exchange: NasdaqGS
  • Founded: 1987
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$107.636m
  • Shares outstanding: 16.98m
  • Website:

Number of Employees


  • United Security Bancshares
  • 2126 Inyo Street
  • Fresno
  • California
  • 93721
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UBFONasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDMar 1996
4QRDB (Deutsche Boerse AG)YesCommon SharesDEEURMar 1996


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 commun ...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/08 00:27
End of Day Share Price2020/08/07 00:00
Annual Earnings2019/12/31

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.