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.
Good value with adequate balance sheet.
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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: UBFO underperformed the US Banks industry which returned -20.1% over the past year.
Return vs Market: UBFO underperformed the US Market which returned 9.9% 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
3 weeks ago | Simply Wall StDid Changing Sentiment Drive United Security Bancshares' (NASDAQ:UBFO) Share Price Down By 41%?
1 month ago | Simply Wall StDoes United Security Bancshares (NASDAQ:UBFO) Have A Particularly Volatile Share Price?
3 months ago | Simply Wall StUnited Security Bancshares (NASDAQ:UBFO) Vies For A Place In Your Dividend Portfolio: Here's Why
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 ($6.13) is trading below our estimate of fair value ($11.48)
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 (7.5x) compared to the Banks industry average (9.6x).
PE vs Market: UBFO is good value based on its PE Ratio (7.5x) compared to the US market (15.7x).
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).
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 (33.9%) are lower than last year (35.6%).
Past Earnings Growth Analysis
Earnings Trend: UBFO's earnings have grown significantly by 20.7% 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 (-6.4%) over the past year, making it difficult to compare to the Banks industry average (2.9%).
Return on Equity
High ROE: UBFO's Return on Equity (11.9%) is considered low.
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
Financial Institutions Analysis
Asset Level: UBFO's Assets to Equity ratio (8.3x) is low.
Allowance for Bad Loans: UBFO has a low allowance for bad loans (58%).
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 (63%).
Low Risk Deposits: UBFO's Loans to Deposits ratio (73%) is appropriate.
Level of Bad Loans: UBFO has a high level of bad loans (2.5%).
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 (7.18%) is higher than the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: UBFO's dividend (7.18%) is in the top 25% of dividend payers in the US market (4.54%)
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 (53.6%), 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.
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 ($USD841.71K) is above average for companies of similar size in the US market ($USD594.10K).
Compensation vs Earnings: Dennis's compensation has been consistent with company performance over the past year.
|Senior VP & CFO||5.25yrs||US$305.91k||0.18% $185.0k|
|Senior VP & COO||19yrs||US$338.94k||1.62% $1.7m|
|Senior VP & Chief Credit Officer||6.92yrs||US$385.21k||0.093% $97.3k|
|Senior VP & Chief Risk Officer||1.67yrs||US$230.71k||0.041% $42.2k|
|Secretary & Director||3.42yrs||US$35.72k||0.012% $12.3k|
|VP & Compliance Manager||no data||no data||no data|
|VP & Human Resource Director||no data||no data||no data|
|VP & Controller||no data||no data||no data|
Experienced Management: UBFO's management team is seasoned and experienced (6.9 years average tenure).
|Secretary & Director||3.42yrs||US$35.72k||0.012% $12.3k|
|Independent Director||19.42yrs||US$45.09k||0.83% $866.8k|
|Independent Director||19.42yrs||US$20.02k||3.88% $4.0m|
|Independent Director||15.08yrs||US$22.33k||1.34% $1.4m|
|Independent Lead Director||no data||US$28.96k||1.51% $1.6m|
|Independent Director||6.08yrs||US$54.96k||0.062% $64.6k|
|Independent Director||3.42yrs||US$39.22k||no data|
|Independent Director||2.58yrs||US$43.99k||no data|
|Independent Director||2.58yrs||US$22.33k||no data|
Experienced Board: UBFO's board of directors are considered experienced (6.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if 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$104.052m
- 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|
|4QR||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Mar 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 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. It also offers real estate mortgage, commercial and industrial, real estate construction, and consumer loans, as well as agricultural, installment, and student loans. In addition, the company provides online and mobile banking, safe deposit boxes, payroll direct deposit, cashier’s check, cash management, traveler’s check, money order, foreign draft, and interactive teller and ATM services. As of March 26, 2020, it operated through 11 full-service branch offices in Fresno, Bakersfield, Campbell, Caruthers, Coalinga, Firebaugh, Oakhurst, San Joaquin, and Taft. 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||2020/06/01 10:14|
|End of Day Share Price||2020/05/29 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.