Salzhauer Michael Has $184,000 Stock Holdings in United Security Bancshares (NASDAQ:UBFO)

Salzhauer Michael lowered its stake in United Security Bancshares (NASDAQ:UBFO) by 32.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,181 shares of the financial services provider’s stock after selling 8,890 shares during the period. Salzhauer Michael’s holdings in United Security Bancshares were worth $184,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of UBFO. Private Wealth Advisors LLC boosted its holdings in shares of United Security Bancshares by 1.5% in the 3rd quarter. Private Wealth Advisors LLC now owns 83,044 shares of the financial services provider’s stock valued at $716,000 after buying an additional 1,233 shares during the last quarter. Empowered Funds LLC grew 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 worth $429,000 after purchasing an additional 2,412 shares in the last quarter. Fourthstone LLC increased its stake in United Security Bancshares by 314.5% during the 3rd 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. Banc Funds Co. LLC raised its stake in United Security Bancshares by 2.5% in the third quarter. Banc Funds Co. LLC now owns 573,139 shares of the financial services provider’s stock valued at $4,992,000 after purchasing an additional 13,912 shares in the last quarter. Finally, Barclays PLC raised its position in shares of United Security Bancshares by 12.5% in the 3rd quarter. Barclays PLC now owns 28,576 shares of the financial services provider’s stock valued at $248,000 after buying an additional 3,171 shares in the last quarter. 30.88% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Robert C. Oberg, Jr. sold 4,800 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $9.81, for a total transaction of $47,088.00. Following the completion of the sale, the senior vice president now owns 18,228 shares of the company’s stock, valued at $178,816.68. This trade represents a 20.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 20.10% of the company’s stock.

United Security Bancshares Stock Up 0.5 %

NASDAQ UBFO opened at $9.73 on Monday. The business has a fifty day moving average price of $9.91 and a two-hundred day moving average price of $9.01. The stock has a market capitalization of $168.52 million, a PE ratio of 11.31 and a beta of 0.58. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.92 and a quick ratio of 0.92. United Security Bancshares has a fifty-two week low of $7.02 and a fifty-two week high of $10.49.

United Security Bancshares (NASDAQ:UBFO) last posted its earnings results on Monday, January 27th. The financial services provider reported $0.15 earnings per share for the quarter. United Security Bancshares had a net margin of 22.58% and a return on equity of 11.54%.

United Security Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.48 annualized dividend and a dividend yield of 4.93%. United Security Bancshares’s payout ratio is 55.81%.

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.