United Security Bancshares Insider Buying: Jagroop Gill Purchases 4.5% More Stock at $8.34 per Share

Jagroop Gill, Independent Vice Chairman of United Security Bancshares, recently purchased 4.5% more stock at $8.34 per share, increasing their holding to 22% of the company. This is the biggest purchase made by an insider in the last 12 months, indicating optimism about the company's future. Insider ownership at United Security Bancshares is 22%, which is considered good but not particularly stand-out.

In a significant move, Independent Vice Chairman Gill Jagroop of United Security Bancshares recently purchased an additional 4.5% of the company's stock. The purchase was made on August 7, 2025, at a price of $8.34 per share, increasing his total holding to 22% of the company's shares [2].

This acquisition is the largest insider purchase made by United Security Bancshares in the past 12 months, signaling a strong level of confidence in the company's future prospects. The purchase comes amidst a period of market volatility, where the stock has experienced a notable decline. However, the insider's decision to buy more shares suggests optimism about the company's long-term performance and potential recovery.

The current insider ownership at United Security Bancshares stands at 22%, which is considered good but not particularly exceptional. While this level of ownership provides a level of comfort for investors, it is not a stand-out figure compared to other companies in the sector. The stock's current price-to-earnings ratio is 13.2, and it offers an attractive 5.6% dividend yield, having maintained consistent dividend payments for the past nine consecutive years [3].

Jagroop's purchase follows several notable developments at United Security Bancshares. The company recently appointed Baker Tilly US, LLP as its new independent registered public accounting firm following a merger with Moss Adams LLP. Additionally, the company successfully elected all 10 board nominees and approved the 2025 Equity Incentive Award Plan during its annual shareholders' meeting. However, a proposal to increase authorized common shares was not approved by shareholders [3].

These developments highlight the company's ongoing efforts to strengthen its governance and operational structure. The retirement of Senior Vice President and Chief Operating Officer David Eytcheson, effective May 9, 2025, also marks a significant change in leadership, although the company has not yet disclosed plans for his successor or any changes in strategic direction [3].

Investors should closely monitor these developments and consider the implications of insider buying activities as part of their broader analysis. While insider transactions provide valuable insights, they should not be the sole basis for investment decisions. It is essential to combine this information with other fundamental and technical analysis to make informed investment choices.

References:
[1] https://www.stocktitan.net/sec-filings/UBFO/form-4-united-security-bancshares-insider-trading-activity-823f94d7c817.html
[2] https://www.investing.com/news/stock-market-news/thursdays-insider-activity-top-buys-and-sells-in-us-stocks-93CH-4180711
[3] https://www.investing.com/news/insider-trading-news/gill-jagroop-buys-465k-in-united-security-bancshares-ubfo-93CH-4178661