Cerity Partners LLC Makes New Investment in United Security Bancshares (NASDAQ:UBFO)

Cerity Partners LLC acquired a new stake in shares of United Security Bancshares (NASDAQ:UBFO - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 52,872 shares of the financial services provider's stock, valued at approximately $534,000. Cerity Partners LLC owned approximately 0.31% of United Security Bancshares as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd purchased a new position in United Security Bancshares in the 4th quarter worth approximately $120,000. Miracle Mile Advisors LLC lifted its holdings in shares of 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 worth $232,000 after buying an additional 7,000 shares in the last quarter. Barclays PLC lifted its holdings in shares of United Security Bancshares by 12.5% in the third quarter. Barclays PLC now owns 28,576 shares of the financial services provider's stock worth $248,000 after buying an additional 3,171 shares in the last quarter. Empowered Funds LLC boosted its position 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 worth $514,000 after acquiring an additional 2,339 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in 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 acquiring an additional 14,668 shares in the last quarter. 30.88% of the stock is currently owned by institutional investors.

United Security Bancshares Price Performance

UBFO stock traded down $0.06 during mid-day trading on Friday, hitting $8.70. The company had a trading volume of 13,510 shares, compared to its average volume of 29,554. The company has a market capitalization of $152.04 million, a price-to-earnings ratio of 10.12 and a beta of 0.37. The company has a 50-day moving average price of $8.85 and a 200 day moving average price of $9.31. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.09. United Security Bancshares has a 12-month low of $7.02 and a 12-month high of $10.49.

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

United Security Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Monday, April 7th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 5.52%. The ex-dividend date of this dividend was Monday, April 7th. United Security Bancshares's payout ratio is 61.54%.

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.