United Security Bancshares (NASDAQ:UBFO) Holdings Lifted by Millennium Management LLC

Millennium Management LLC boosted its stake in United Security Bancshares (NASDAQ:UBFO - Free Report) by 330.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,013 shares of the financial services provider's stock after acquiring an additional 36,103 shares during the period. Millennium Management LLC owned about 0.27% of United Security Bancshares worth $475,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bridgewealth Advisory Group LLC raised its holdings in United Security Bancshares by 2.5% during the fourth quarter. Bridgewealth Advisory Group LLC now owns 1,217,932 shares of the financial services provider's stock worth $12,265,000 after purchasing an additional 29,581 shares in the last quarter. Dimensional Fund Advisors LP grew its position in United Security Bancshares by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 884,683 shares of the financial services provider's stock worth $8,935,000 after buying an additional 14,759 shares during the period. Fourthstone LLC grew its position in shares of United Security Bancshares by 87.3% in the fourth quarter. Fourthstone LLC now owns 321,245 shares of the financial services provider's stock valued at $3,206,000 after purchasing an additional 149,705 shares during the last quarter. Susquehanna International Group LLP grew its position in shares of United Security Bancshares by 242.4% in the fourth quarter. Susquehanna International Group LLP now owns 155,563 shares of the financial services provider's stock valued at $1,571,000 after purchasing an additional 110,128 shares during the last quarter. Finally, Rhino Investment Partners Inc acquired a new stake in shares of United Security Bancshares in the fourth quarter valued at approximately $845,000. 30.88% of the stock is owned by hedge funds and other institutional investors.

United Security Bancshares Trading Up 0.8%

NASDAQ UBFO traded up $0.07 during mid-day trading on Tuesday, reaching $8.56. 19,459 shares of the stock were exchanged, compared to its average volume of 27,164. United Security Bancshares has a 1-year low of $7.07 and a 1-year high of $10.49. The business's fifty day simple moving average is $8.53 and its 200 day simple moving average is $9.29. The stock has a market capitalization of $149.59 million, a PE ratio of 9.95 and a beta of 0.37. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 0.92.

United Security Bancshares (NASDAQ:UBFO - Get Free Report) last announced its earnings results on Thursday, April 17th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $13.66 million 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 firm also recently announced 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 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date 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.