United Security Bancshares director Gill Jagroop buys $6,017 in shares By Investing.com

FRESNO, CA – United Security Bancshares (NASDAQ:UBFO) reported that Director Gill Jagroop has recently increased his stake in the company by purchasing additional shares. The transaction, which took place on May 13, 2024, involved Jagroop acquiring 830 shares of common stock at a price of $7.25 per share, amounting to a total investment of $6,017.

This purchase is a direct addition to Jagroop’s already substantial holdings in the bank, which now total 1,060,322 shares post-transaction. The shares acquired are held in a trust, indicating an indirect ownership structure.

While the Form 4 filing with the Securities and Exchange Commission (SEC) also noted a transaction coded “J,” it involved no exchange of funds or change in the number of shares owned directly by Jagroop, remaining at 2,734 shares following the transaction.

Investors often monitor insider buying and selling as it can provide insights into how executives view the company’s stock value and future performance. However, it should be noted that these transactions do not always predict future stock movements.

United Security Bancshares is a national commercial banking institution headquartered in Fresno, California, and the insider trading report reflects the ongoing financial activities of its executives and directors.

InvestingPro Insights

Following the recent insider purchase by Director Gill Jagroop, United Security Bancshares (NASDAQ:UBFO) showcases some notable metrics that could be of interest to investors. According to InvestingPro data, the company has a market capitalization of $126.99 million and trades at a low earnings multiple with a P/E Ratio of 7.05, reflecting a potentially undervalued stock in comparison to earnings. This aligns with one of the InvestingPro Tips, which highlights that UBFO is trading at a low earnings multiple.

Despite recent revenue declines, with a -1.2% growth over the last twelve months as of Q1 2024 and a more pronounced quarterly drop of -15.4% in Q1 2024, the company has maintained profitability over the same period. This is corroborated by another InvestingPro Tip, which points out that UBFO has been profitable over the last twelve months.

For income-focused investors, UBFO pays a significant dividend, boasting a dividend yield of 6.58%, which is particularly compelling in the current market. Moreover, the dividend growth rate has been positive at 9.09% over…