United Security Bancshares (NASDAQ:UBFO) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. reduced its stake in United Security Bancshares (NASDAQ:UBFO - Free Report) by 20.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 143,404 shares of the financial services provider's stock after selling 36,700 shares during the quarter. Alliancebernstein L.P. owned about 0.83% of United Security Bancshares worth $1,448,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd acquired a new position in shares of United Security Bancshares in the fourth quarter worth approximately $120,000. Miracle Mile Advisors LLC lifted its stake in United Security Bancshares by 43.8% in the fourth quarter. Miracle Mile Advisors LLC now owns 23,000 shares of the financial services provider's stock valued at $232,000 after buying an additional 7,000 shares during the period. Barclays PLC lifted its stake in United Security Bancshares by 12.5% in the third 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 during the period. Empowered Funds LLC increased its holdings in shares of United Security Bancshares by 4.8% during the fourth quarter. Empowered Funds LLC now owns 51,540 shares of the financial services provider's stock valued at $514,000 after acquiring an additional 2,339 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of United Security Bancshares by 11.2% during the third quarter. Geode Capital Management LLC now owns 145,776 shares of the financial services provider's stock valued at $1,270,000 after purchasing an additional 14,668 shares in the last quarter. 30.88% of the stock is owned by institutional investors and hedge funds.

United Security Bancshares Stock Performance

NASDAQ UBFO traded up $0.20 during trading hours on Wednesday, reaching $8.73. 3,712 shares of the company were exchanged, compared to its average volume of 25,067. The stock has a market capitalization of $152.57 million, a P/E ratio of 10.15 and a beta of 0.37. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.09. The business's 50 day simple moving average is $8.90 and its 200-day simple moving average is $9.31. United Security Bancshares has a 1 year low of $7.02 and a 1 year high of $10.49.

United Security Bancshares (NASDAQ:UBFO - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.16 EPS for the quarter. United Security Bancshares had a net margin of 22.58% and a return on equity of 11.54%. The company had revenue of $13.66 million during the quarter.

United Security Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Monday, April 7th were given a dividend of $0.12 per share. The ex-dividend date was Monday, April 7th. This represents a $0.48 annualized dividend and a yield of 5.50%. United Security Bancshares's payout ratio is 61.54%.

United Security Bancshares Company 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.