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.
Adequate balance sheet and fair value.
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.
7 Day Return
1 Year Return
Return vs Industry: UBFO underperformed the US Banks industry which returned 10.3% over the past year.
Return vs Market: UBFO underperformed the US Market which returned 17.9% over the past year.
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
2 weeks ago | Simply Wall StOur Take On United Security Bancshares's (NASDAQ:UBFO) CEO Salary
1 month ago | Simply Wall StHere's Why We Think United Security Bancshares (NASDAQ:UBFO) Is Well Worth Watching
2 months ago | Simply Wall StWhat Type Of Shareholder Owns United Security Bancshares's (NASDAQ:UBFO)?
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 ($9.95) is trading below our estimate of fair value ($12.36)
Significantly Below Fair Value: UBFO is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: UBFO is good value based on its PE Ratio (11.1x) compared to the Banks industry average (12.6x).
PE vs Market: UBFO is good value based on its PE Ratio (11.1x) compared to the US market (18.2x).
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 (1.5x) compared to the US Banks industry average (1.2x).
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.
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 (35.7%) are higher than last year (34.9%).
Past Earnings Growth Analysis
Earnings Trend: UBFO's earnings have grown significantly by 21.3% per year over the past 5 years.
Accelerating Growth: UBFO's earnings growth over the past year (8.2%) is below its 5-year average (21.3% per year).
Earnings vs Industry: UBFO earnings growth over the past year (8.2%) underperformed the Banks industry 12.2%.
Return on Equity
High ROE: UBFO's Return on Equity (13.1%) is considered low.
Return on Assets
Return on Capital Employed
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
Inventory Level: UBFO has a low level of unsold assets or inventory.
Debt Coverage by Assets: UBFO's debt is covered by short term assets (assets are 21.6x debt).
Financial Institutions Analysis
Asset Level: UBFO's level of assets compared to its equity is low.
Allowance for Bad Loans: UBFO has a low allowance for bad loans.
Low Risk Liabilities: UBFO's liabilities are made up of primarily low risk sources of funding.
Loan Level: UBFO has an acceptable proportion of non-loan assets held.
Low Risk Deposits: UBFO's loans are broadly funded by customer deposits.
Level of Bad Loans: UBFO has a high level of bad loans (2.42%)
What is United Security Bancshares's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: UBFO's dividend (4.42%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: UBFO's dividend (4.42%) is in the top 25% of dividend payers in the US market (3.73%)
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 reasonably low payout ratio (49.2%), UBFO's dividend payments are well 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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dennis Woods (71yo)
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 ($USD767.30K) is below average for companies of similar size in the US market ($USD1.11M).
Compensation vs Earnings: Dennis's compensation has been consistent with company performance over the past year.
|Senior VP & CFO||4.9yrs||US$402.38k||0.16% $270.4k|
|Senior VP & COO||18.7yrs||US$345.56k||1.62% $2.7m|
|Senior VP & Chief Credit Officer||6.6yrs||US$474.89k||0.092% $156.2k|
|Senior VP & Chief Risk Officer||1.3yrs||US$412.97k||0.040% $67.7k|
|Secretary & Director||3.1yrs||US$31.40k||0.012% $19.9k|
|VP & Compliance Manager||0yrs||no data||no data|
|VP & Human Resource Director||0yrs||no data||no data|
|VP & Controller||0yrs||no data||no data|
Experienced Management: UBFO's management team is seasoned and experienced (6.6 years average tenure).
|Secretary & Director||3.1yrs||US$31.40k||0.012% $19.9k|
|Independent Director||19.1yrs||US$72.74k||0.83% $1.4m|
|Independent Director||19.1yrs||US$44.58k||3.88% $6.6m|
|Independent Director||14.8yrs||US$36.62k||1.32% $2.2m|
|Lead Director||0yrs||US$48.62k||1.5% $2.5m|
|Independent Director||5.8yrs||US$61.51k||0.061% $103.1k|
|Independent Director||3.1yrs||US$41.40k||0.0059% $9.9k|
|Independent Director||2.3yrs||US$24.40k||no data|
|Independent Director||2.3yrs||US$19.00k||no data|
Experienced Board: UBFO's board of directors are considered experienced (5.8 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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
United Security Bancshares's company bio, employee growth, exchange listings and data sources
- Name: United Security Bancshares
- Ticker: UBFO
- Exchange: NasdaqGS
- Founded: 1987
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$168.890m
- Shares outstanding: 16.97m
- Website: https://www.unitedsecuritybank.com
Number of Employees
- United Security Bancshares
- 2126 Inyo Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|UBFO||NasdaqGS (Nasdaq Global Select)||Yes||Common Shares||US||USD||Mar 1996|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 01:23|
|End of Day Share Price||2020/02/21 00:00|
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.