United Security Bancshares Inc (USBI) Files Form 4 Insider Buying : James F House Buys 5,002 Shares

United Security Bancshares Inc (USBI): James F House , CEO of United Security Bancshares Inc purchased 5,002 shares on May 25, 2016. The Insider buying transaction was reported by the company on May 27, 2016 to the Securities and Exchange Commission. The shares were purchased at $8.69 per share for a total value of $43,509.90 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 27, 2016, James F House (CEO) purchased 5,002 shares at $8.69 per share price.On Nov 20, 2015, Thomas S Elley (CFO) purchased 250 shares at $8.16 per share price.Also, On Nov 5, 2015, Robert S Briggs (director) purchased 5,000 shares at $8.03 per share price.On Sep 1, 2015, Jack W Meigs (director) purchased 1,000 shares at $8.59 per share price.

United Security Bancshares: On Wednesday, May 25, 2016 heightened volatility was witnessed in United Security Bancshares which led to swings in the share price. The shares opened for trading at $8.701 and hit $8.77 on the upside , eventually ending the session at $8.73, with a gain of 0.46% or 0.04 points. The heightened volatility saw the trading volume jump to 10,394 shares. The 52-week high of the share price is $9.7399 and the company has a market cap of $53 M . The 52-week low of the share price is at $7.75.

United Security Bancshares Money Flow Index Chart

United Security Bancshares Inc. is a bank holding company. The Company operates one banking subsidiary First US Bank (the Bank). The Bank conducts a general commercial banking business and offers banking services such as demand savings individual retirement account and time deposits personal and commercial loans safe deposit box services and remote deposit capture. The Bank operates and serves 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. The Bank has two wholly owned subsidiaries: Acceptance Loan Company Inc. (ALC) and FUSB Reinsurance Inc. (FUSB Reinsurance). ALC operates and serves its customers through 24 offices in Alabama and southeast Mississippi. FUSB Reinsurance underwrites credit life and credit accident and health insurance policies sold to the Bank’s and ALC’s consumer loan customers.

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