683 Capital Management LLC Makes New $367,000 Investment in United Security Bancshares (NASDAQ:UBFO)

683 Capital Management LLC purchased a new position in shares of United Security Bancshares (NASDAQ:UBFO - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 36,316 shares of the financial services provider's stock, valued at approximately $367,000. 683 Capital Management LLC owned about 0.21% of United Security Bancshares as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in UBFO. Y Intercept Hong Kong Ltd bought a new position in shares of United Security Bancshares in the 4th quarter valued at about $120,000. Schonfeld Strategic Advisors LLC acquired a new position in United Security Bancshares in the fourth quarter valued at about $159,000. Jane Street Group LLC bought a new stake in United Security Bancshares during the fourth quarter worth about $176,000. Miracle Mile Advisors LLC raised its position in United Security Bancshares by 43.8% during the fourth quarter. Miracle Mile Advisors LLC now owns 23,000 shares of the financial services provider's stock valued at $232,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Barclays PLC boosted its holdings 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 purchasing an additional 3,171 shares in the last quarter. Institutional investors own 30.88% of the company's stock.

United Security Bancshares Trading Up 2.7 %

Shares of UBFO stock traded up $0.24 during mid-day trading on Thursday, reaching $9.22. 6,238 shares of the stock traded hands, compared to its average volume of 25,744. The stock's fifty day simple moving average is $8.69 and its two-hundred day simple moving average is $9.34. United Security Bancshares has a 1-year low of $7.07 and a 1-year high of $10.49. 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 company has a market cap of $161.13 million, a price-to-earnings ratio of 10.72 and a beta of 0.37.

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

United Security Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Monday, April 7th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 5.21%. The ex-dividend date of this dividend was Monday, April 7th. United Security Bancshares's dividend payout ratio is presently 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.