United Security Bancshares (NASDAQ:UBFO) Stake Decreased by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its position in United Security Bancshares (NASDAQ:UBFO - Free Report) by 24.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 104,292 shares of the financial services provider's stock after selling 33,770 shares during the period. Renaissance Technologies LLC owned approximately 0.60% of United Security Bancshares worth $1,053,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Y Intercept Hong Kong Ltd acquired a new position in shares of United Security Bancshares in the fourth quarter worth about $120,000. Miracle Mile Advisors LLC raised its position in shares of United Security Bancshares by 43.8% in the 4th 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. Barclays PLC boosted its stake in shares of United Security Bancshares by 12.5% during the 3rd quarter. Barclays PLC now owns 28,576 shares of the financial services provider's stock valued at $248,000 after buying an additional 3,171 shares during the last quarter. Empowered Funds LLC grew 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 buying an additional 2,339 shares in the last quarter. Finally, Cerity Partners LLC bought a new stake in shares of United Security Bancshares in the fourth quarter worth $534,000. 30.88% of the stock is currently owned by institutional investors and hedge funds.

United Security Bancshares Stock Down 2.4 %

NASDAQ UBFO traded down $0.22 during trading hours on Tuesday, reaching $9.05. 19,028 shares of the company traded hands, compared to its average volume of 25,816. The stock has a market capitalization of $158.16 million, a PE ratio of 10.52 and a beta of 0.37. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09. United Security Bancshares has a 12 month low of $7.07 and a 12 month high of $10.49. The company has a 50 day moving average of $8.71 and a two-hundred day moving average of $9.35.

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 EPS for the quarter. The business had revenue of $13.66 million during the quarter. United Security Bancshares had a return on equity of 11.54% and a net margin of 22.58%.

United Security Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Monday, April 7th were issued a $0.12 dividend. The ex-dividend date of this dividend was Monday, April 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.30%. United Security Bancshares's dividend payout ratio (DPR) 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.