Fourthstone LLC Increases Stock Position in United Security Bancshares (NASDAQ:UBFO)

Fourthstone LLC boosted its holdings in United Security Bancshares (NASDAQ:UBFO) by 314.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 171,540 shares of the financial services provider’s stock after purchasing an additional 130,151 shares during the period. Fourthstone LLC’s holdings in United Security Bancshares were worth $1,494,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in UBFO. Miracle Mile Advisors LLC raised its holdings in shares of United Security Bancshares by 23.1% in the 3rd quarter. Miracle Mile Advisors LLC now owns 16,000 shares of the financial services provider’s stock worth $139,000 after purchasing an additional 3,000 shares during the period. Empowered Funds LLC lifted its position in shares of United Security Bancshares by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 49,201 shares of the financial services provider’s stock valued at $429,000 after buying an additional 2,412 shares during the last quarter. Kennedy Capital Management LLC increased its holdings in United Security Bancshares by 33.6% in the 1st quarter. Kennedy Capital Management LLC now owns 78,141 shares of the financial services provider’s stock worth $602,000 after acquiring an additional 19,658 shares during the last quarter. Private Wealth Advisors LLC boosted its position in United Security Bancshares by 1.6% during the second quarter. Private Wealth Advisors LLC now owns 81,811 shares of the financial services provider’s stock worth $591,000 after purchasing an additional 1,299 shares during the period. Finally, Vanguard Group Inc. raised 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 purchasing an additional 14,472 shares during the period. Institutional investors own 30.88% of the company’s stock.

United Security Bancshares Price Performance

Shares of UBFO traded down $0.03 during mid-day trading on Thursday, reaching $9.77. 9,693 shares of the stock traded hands, compared to its average volume of 20,518. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09. United Security Bancshares has a 1 year low of $7.02 and a 1 year high of $9.86. The company has a market cap of $169.22 million, a price-to-earnings ratio of 9.63 and a beta of 0.59. The firm has a fifty day moving average price of $8.86 and a 200 day moving average price of $8.05.

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

United Security Bancshares Dividend Announcement

The business 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 was Monday, October 7th. This represents a $0.48 annualized dividend and a yield of 4.91%. United Security Bancshares’s dividend payout ratio (DPR) is presently 47.06%.

Analysts Set New Price Targets

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

About United Security Bancshares

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.