Fourthstone LLC Acquires 130,151 Shares of United Security Bancshares (NASDAQ:UBFO)

Fourthstone LLC increased its position in shares of United Security Bancshares (NASDAQ:UBFO) by 314.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 171,540 shares of the financial services provider’s stock after purchasing an additional 130,151 shares during the quarter. Fourthstone LLC owned 0.99% of United Security Bancshares worth $1,494,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in UBFO. Kennedy Capital Management LLC increased its position in United Security Bancshares by 33.6% during the 1st quarter. Kennedy Capital Management LLC now owns 78,141 shares of the financial services provider’s stock worth $602,000 after purchasing an additional 19,658 shares in the last quarter. Vanguard Group Inc. grew its stake 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 worth $4,310,000 after purchasing an additional 14,472 shares during the last quarter. Miracle Mile Advisors LLC increased its holdings in 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 purchasing an additional 3,000 shares during the period. Empowered Funds LLC raised its position in 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 worth $429,000 after purchasing an additional 2,412 shares during the last quarter. Finally, Private Wealth Advisors LLC increased its stake in shares of United Security Bancshares by 1.6% in the second quarter. Private Wealth Advisors LLC now owns 81,811 shares of the financial services provider’s stock valued at $591,000 after buying an additional 1,299 shares during the period. Institutional investors own 30.88% of the company’s stock.

United Security Bancshares Trading Down 0.3 %

UBFO stock traded down $0.03 during midday trading on Thursday, hitting $9.77. The stock had a trading volume of 9,693 shares, 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. The firm has a market cap of $169.22 million, a P/E ratio of 9.63 and a beta of 0.59. The business has a fifty day moving average price of $8.86 and a two-hundred day moving average price of $8.05. United Security Bancshares has a 1-year low of $7.02 and a 1-year high of $9.86.

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

United Security Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Monday, October 7th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date of this dividend was Monday, October 7th. United Security Bancshares’s payout ratio is 47.06%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on United Security Bancshares in a report on Thursday, September 5th. They issued 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.