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UBFO United Security Bancshares

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
CEO
Dennis Woods
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
1) United Security Bank – incorporated ...
IRS number
912112732

UBFO stock data

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Calendar

30 Jul 21
21 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 160.91M 160.91M 160.91M 160.91M 160.91M 160.91M
Cash burn (monthly) 49M 5.72M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 182.75M 21.33M n/a n/a n/a n/a
Cash remaining -21.85M 139.58M n/a n/a n/a n/a
Runway (months of cash) -0.4 24.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
20 Sep 21 David L Eytcheson Common Stock Other Acquire J Yes No 0 0 0 106,318
20 Sep 21 David L Eytcheson Common Stock Gift Dispose G No No 0 20,000 0 118,490
24 Jun 21 G Thompson Ellithorpe COMMON STOCK Sell Dispose S No No 8.1 0 0 150,024
16 Jun 21 G Thompson Ellithorpe COMMON STOCK Buy Acquire P No No 8.0103 1,616.544 12.95K 150,024.544

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

31.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 50 49 +2.0%
Opened positions 13 3 +333.3%
Closed positions 12 2 +500.0%
Increased positions 6 15 -60.0%
Reduced positions 25 19 +31.6%
13F shares
Current Prev Q Change
Total value 45.03M 94.15M -52.2%
Total shares 5.35M 5.38M -0.5%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Strategic Value Investors 917.29K $6.47M 0.0%
Dimensional Fund Advisors 907.68K $7.42M +150.8%
FJ Capital Management 627K $5.13M NEW
Vanguard 555.48K $4.54M -7.5%
rhino investment partners 524.35K $4.28M NEW
EJF Capital 239.72K $1.96M NEW
Renaissance Technologies 232.43K $1.9M +16.9%
Geode Capital Management 106.63K $871K -43.0%
Kennedy Capital Management 102.65K $839K -82.7%
BLK Blackrock 99.06K $809K -89.7%
Largest transactions
Shares Bought/sold Change
BLK Blackrock 99.06K -858.88K -89.7%
FJ Capital Management 627K +627K NEW
Dimensional Fund Advisors 907.68K +545.79K +150.8%
rhino investment partners 524.35K +524.35K NEW
Kennedy Capital Management 102.65K -490.41K -82.7%
EJF Capital 239.72K +239.72K NEW
STT State Street 23.9K -188.51K -88.7%
NTRS Northern Trust 25.78K -106.74K -80.5%
Millennium Management 95.96K +95.96K NEW
Geode Capital Management 106.63K -80.58K -43.0%

Financial report summary

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Management Discussion
  • On a year-to-date basis, the Company reported net income of $4,115,000 or $0.24 per share ($0.24 diluted), for the six months ended June 30, 2021, as compared to $4,768,000, or $0.28 per share ($0.28 diluted), for the same period in 2020. The Company’s return on average assets was 0.71% for the six months ended June 30, 2021, as compared to 0.98% for the six months ended June 30, 2020. The Company’s return on average equity was 7.00% for the six months ended June 30, 2021, as compared to 8.09% for the six months ended June 30, 2020. The decrease is primarily the result of the change in LIBOR rates between periods, causing a $656,000 loss for the six months ended June 30, 2021 on the fair value of junior subordinated debentures, compared to a $1,469,000 gain for the six months ended June 30, 2020.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Bad
New words: challenged, coupon, driven, expand, FICO, grow, newly, occasionally, reopened, shrink, thesix
Removed: closed, distressed, informed, isolated, recession, reprice, sixteen, sooner