Banc Funds Co. LLC Grows Holdings in United Security Bancshares (NASDAQ:UBFO)

Banc Funds Co. LLC raised its position in shares of United Security Bancshares (NASDAQ:UBFO) by 2.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 573,139 shares of the financial services provider’s stock after purchasing an additional 13,912 shares during the quarter. Banc Funds Co. LLC’s holdings in United Security Bancshares were worth $4,992,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of UBFO. Private Wealth Advisors LLC raised its position in shares of United Security Bancshares by 1.5% during the 3rd quarter. Private Wealth Advisors LLC now owns 83,044 shares of the financial services provider’s stock valued at $716,000 after purchasing an additional 1,233 shares during the period. Empowered Funds LLC raised its holdings in United Security Bancshares by 5.2% during the third quarter. Empowered Funds LLC now owns 49,201 shares of the financial services provider’s stock valued at $429,000 after acquiring an additional 2,412 shares during the period. Miracle Mile Advisors LLC lifted its position in shares of United Security Bancshares by 23.1% in the third quarter. Miracle Mile Advisors LLC now owns 16,000 shares of the financial services provider’s stock valued at $139,000 after acquiring an additional 3,000 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of United Security Bancshares by 2.7% in the first quarter. Vanguard Group Inc. now owns 558,965 shares of the financial services provider’s stock valued at $4,310,000 after acquiring an additional 14,472 shares in the last quarter. Finally, Fourthstone LLC boosted its stake in shares of United Security Bancshares by 314.5% in the third quarter. Fourthstone LLC now owns 171,540 shares of the financial services provider’s stock worth $1,494,000 after acquiring an additional 130,151 shares during the period. 30.88% of the stock is currently owned by institutional investors.

United Security Bancshares Trading Up 0.6 %

United Security Bancshares stock opened at $9.83 on Monday. United Security Bancshares has a 1 year low of $7.02 and a 1 year high of $9.86. The firm’s 50 day moving average price is $8.94 and its 200-day moving average price is $8.10. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $170.26 million, a P/E ratio of 9.64 and a beta of 0.59.

United Security Bancshares (NASDAQ:UBFO) last announced its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $13.84 million for the quarter. United Security Bancshares had a net margin of 25.78% and a return on equity of 13.96%.

United Security Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Monday, October 7th were given a $0.12 dividend. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.88%. United Security Bancshares’s dividend payout ratio is currently 47.06%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on United Security Bancshares in a research note on Thursday, September 5th. They set a “hold” rating on the stock.

United Security Bancshares Profile

United Security Bancshares operates as the bank holding company for United Security Bank, a state-chartered bank that provides a range of commercial banking services to the business and professional community, and individuals in California. The company accepts various deposit products, including personal and business checking accounts, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit.