United Security Bancshares Inc. (FUSB) Announces Quarterly Dividend of $0.02

United Security Bancshares Inc. (NASDAQ:FUSB) announced a quarterly dividend on Thursday, August 24th, Wall Street Journal reports. Shareholders of record on Friday, September 8th will be paid a dividend of 0.02 per share by the financial services provider on Monday, October 2nd. This represents a $0.08 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, September 7th.

Shares of United Security Bancshares (FUSB) opened at 11.44 on Friday. The stock has a market cap of $69.46 million, a price-to-earnings ratio of 57.20 and a beta of 0.36. The firm has a 50-day moving average price of $11.30 and a 200-day moving average price of $11.93. United Security Bancshares has a 12 month low of $8.82 and a 12 month high of $15.14.

United Security Bancshares (NASDAQ:FUSB) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $7.99 million during the quarter. United Security Bancshares had a net margin of 3.56% and a return on equity of 1.63%.

An institutional investor recently raised its position in United Security Bancshares stock. Vanguard Group Inc. boosted its stake in United Security Bancshares Inc. (NASDAQ:FUSB) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,349 shares of the financial services provider’s stock after buying an additional 699 shares during the period. Vanguard Group Inc. owned approximately 1.75% of United Security Bancshares worth $1,194,000 at the end of the most recent quarter. Institutional investors and hedge funds own 11.59% of the company’s stock.

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United Security Bancshares Company Profile

First US Bancshares, Inc, formerly United Security Bancshares, Inc, incorporated on June 4, 1999, is the bank holding company for First US Bank (the Bank or FUSB). The Bank operates a finance company, Acceptance Loan Company, Inc (ALC). The Bank operates through two segments: FUSB and ALC. As of December 31, 2015, the Bank operated and served its customers through 19 banking offices located in Brent, Bucksville, Butler, Calera, Centreville, Coffeeville, Columbiana, Fulton, Gilbertown, Grove Hill, Harpersville, Jackson, Thomasville, Tuscaloosa and Woodstock, Alabama.