Rhino Investment Partners Inc Has $229,000 Stock Holdings in United Security Bancshares $UBFO

Key Points

• Rhino Investment Partners Inc reduced its holdings in United Security Bancshares by 69.4% during the first quarter, decreasing its ownership to approximately 0.15% of the company's stock.
• Bank of America Corp DE significantly increased its position in United Security Bancshares by 1,292.4% in the fourth quarter, while other hedge funds also made new acquisitions.
• Director Jagroop Gill purchased 55,814 shares of United Security Bancshares stock for about $465,488, increasing his ownership by 4.55%.

Rhino Investment Partners Inc decreased its position in United Security Bancshares (NASDAQ:UBFO - Free Report) by 69.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,572 shares of the financial services provider's stock after selling 58,049 shares during the quarter. Rhino Investment Partners Inc owned approximately 0.15% of United Security Bancshares worth $229,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Y Intercept Hong Kong Ltd raised its position in shares of United Security Bancshares by 20.6% in the first quarter. Y Intercept Hong Kong Ltd now owns 14,360 shares of the financial services provider's stock valued at $129,000 after purchasing an additional 2,452 shares during the period. Global Wealth Management Investment Advisory Inc. acquired a new stake in shares of United Security Bancshares in the first quarter worth $110,000. Millennium Management LLC grew its stake in shares of United Security Bancshares by 330.9% in the fourth quarter. Millennium Management LLC now owns 47,013 shares of the financial services provider's stock worth $475,000 after acquiring an additional 36,103 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of United Security Bancshares in the fourth quarter worth $108,000. Finally, Bank of America Corp DE grew its stake in shares of United Security Bancshares by 1,292.4% in the fourth quarter. Bank of America Corp DE now owns 3,648 shares of the financial services provider's stock worth $37,000 after acquiring an additional 3,386 shares during the last quarter. Institutional investors own 30.88% of the company's stock.

Insiders Place Their Bets

In other United Security Bancshares news, Director Jagroop Gill purchased 55,814 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were purchased at an average price of $8.34 per share, for a total transaction of $465,488.76. Following the completion of the purchase, the director directly owned 1,281,347 shares of the company's stock, valued at approximately $10,686,433.98. This represents a 4.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 22.10% of the stock is owned by corporate insiders.

United Security Bancshares Stock Performance

UBFO traded up $0.40 during trading on Friday, reaching $9.30. 41,592 shares of the company's stock were exchanged, compared to its average volume of 25,046. United Security Bancshares has a fifty-two week low of $7.32 and a fifty-two week high of $10.49. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average price of $8.72 and a 200 day moving average price of $8.85. The company has a market capitalization of $162.56 million, a P/E ratio of 14.09 and a beta of 0.39.

United Security Bancshares (NASDAQ:UBFO - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.13 earnings per share for the quarter. United Security Bancshares had a net margin of 17.07% and a return on equity of 8.43%. The firm had revenue of $12.62 million for the quarter.

United Security Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Monday, July 7th were paid a dividend of $0.12 per share. The ex-dividend date was Monday, July 7th. This represents a $0.48 dividend on an annualized basis and a yield of 5.2%. United Security Bancshares's payout ratio is currently 72.73%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of United Security Bancshares from a "hold" rating to a "sell" rating in a research note on Friday, July 18th.

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.