United Security Bancshares is the holding company for United Security Bank, which was founded in 1987. United Security Bank is headquartered in Fresno and operates 12 full-service branch offices in Fresno, Bakersfield, Campbell, Caruthers, Coalinga, Firebaugh, Mendota, Oakhurst, San Joaquin, and Taft. Additionally, United Security Bank operates Commercial Real Estate Construction, Commercial Lending, and Consumer Lending departments.
Company profile
Ticker
UBFO
Exchange
Website
CEO
Dennis Woods
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
1) United Security Bank – incorporated ...
IRS number
912112732
UBFO stock data
Latest filings (excl ownership)
8-K
United Security Bancshares Reports 2022 Net Income of $15.7 Million
26 Jan 23
8-K
United Security Bancshares Declares Quarterly Cash Dividend
21 Dec 22
10-Q
2022 Q3
Quarterly report
4 Nov 22
8-K
Entry into a Material Definitive Agreement
2 Nov 22
8-K
Departure of Directors or Certain Officers
21 Oct 22
8-K
United Security Bancshares Reports 3rd Quarter 2022 Financial Results
19 Oct 22
8-K
Departure of Directors or Certain Officers
5 Oct 22
8-K
United Security Bancshares Declares Quarterly Cash Dividend
28 Sep 22
8-K
Departure of Directors or Certain Officers
15 Sep 22
10-Q
2022 Q2
Quarterly report
5 Aug 22
Latest ownership filings
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 126.03 mm | 126.03 mm | 126.03 mm | 126.03 mm | 126.03 mm | 126.03 mm |
| Cash burn (monthly) | (no burn) | 11.12 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 44.71 mm | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 81.33 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 7.3 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2022
34.5% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 44 |
| Opened positions | 7 |
| Closed positions | 2 |
| Increased positions | 9 |
| Reduced positions | 10 |
| 13F shares | Current |
|---|---|
| Total value | 39.87 mm |
| Total shares | 5.89 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Strategic Value Investors | 934.31 k | $7.59 mm |
| Strategic Value Bank Partners | 932.49 k | $6.08 mm |
| Dimensional Fund Advisors | 838.27 k | $5.47 mm |
| FJ Capital Management | 615.00 k | $4.01 mm |
| Elizabeth Park Capital Advisors | 467.78 k | $3.05 mm |
| rhino investment partners | 314.59 k | $2.05 mm |
| Basswood Capital Management, L.L.C. | 313.06 k | $2.04 mm |
| EJF Capital | 269.48 k | $1.76 mm |
| Vanguard | 189.21 k | $1.23 mm |
| Geode Capital Management | 111.15 k | $724.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 30 Dec 22 | David L Eytcheson | Common Stock | Other | Acquire J | No | No | 0 | 0 | 0.00 | 116,291 |
| 30 Dec 22 | David L Eytcheson | Common Stock | Payment of exercise | Dispose F | No | No | 7.31 | 704 | 5.15 k | 65,867 |
| 30 Dec 22 | David L Eytcheson | Common Stock | Option exercise | Acquire M | No | No | 0 | 2,000 | 0.00 | 66,571 |
| 30 Dec 22 | David L Eytcheson | RSU Common Stock | Option exercise | Dispose M | No | No | 7.31 | 2,000 | 14.62 k | 2,000 |
| 30 Dec 22 | Woods Dennis R | Common Stock | Other | Acquire J | No | No | 0 | 0 | 0.00 | 230,202 |
| 30 Dec 22 | Woods Dennis R | Common Stock | Other | Acquire J | Yes | No | 0 | 0 | 0.00 | 33,088 |
| 30 Dec 22 | Woods Dennis R | Common Stock | Option exercise | Acquire M | Yes | No | 0 | 2,000 | 0.00 | 852,057 |
| 30 Dec 22 | Woods Dennis R | RSU Common Stock | Option exercise | Dispose M | No | No | 7.31 | 2,000 | 14.62 k | 2,000 |
| 30 Dec 22 | Robert C Oberg JR | Common Stock | Payment of exercise | Dispose F | No | No | 7.31 | 646 | 4.72 k | 25,035 |
| 30 Dec 22 | Robert C Oberg JR | Common Stock | Option exercise | Acquire M | No | No | 0 | 2,000 | 0.00 | 25,681 |