Rhino Investment Partners Inc Acquires New Position in United Security Bancshares (NASDAQ:UBFO)

Rhino Investment Partners Inc bought a new position in United Security Bancshares (NASDAQ:UBFO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 83,621 shares of the financial services provider's stock, valued at approximately $845,000. Rhino Investment Partners Inc owned approximately 0.48% of United Security Bancshares as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bridgewealth Advisory Group LLC grew its stake in United Security Bancshares by 2.5% in the 4th quarter. Bridgewealth Advisory Group LLC now owns 1,217,932 shares of the financial services provider's stock valued at $12,265,000 after buying an additional 29,581 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of United Security Bancshares by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 884,683 shares of the financial services provider's stock valued at $8,935,000 after purchasing an additional 14,759 shares in the last quarter. Fourthstone LLC raised its stake in shares of United Security Bancshares by 87.3% during the 4th 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 period. Susquehanna International Group LLP raised its stake in shares of United Security Bancshares by 242.4% during the 4th 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 period. Finally, Geode Capital Management LLC boosted its stake in United Security Bancshares by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 145,776 shares of the financial services provider's stock worth $1,270,000 after purchasing an additional 14,668 shares during the period. Institutional investors own 30.88% of the company's stock.

United Security Bancshares Price Performance

Shares of UBFO traded down $0.14 during midday trading on Tuesday, hitting $9.13. 11,321 shares of the company traded hands, compared to its average volume of 25,733. The stock has a 50-day moving average of $8.72 and a 200-day moving average of $9.35. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.92 and a quick ratio of 0.92. United Security Bancshares has a one year low of $7.07 and a one year high of $10.49. The firm has a market cap of $159.56 million, a P/E ratio of 10.62 and a beta of 0.37.

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

United Security Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Monday, April 7th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 5.26%. 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.